Popular ride sharing companies Uber and Lyft are opposing a Vermont bill that would require the companies to greatly increase their insurance coverage for personal injuries when drivers are between rides.
The Burlington Free Press reports that the bill would also put on the companies new background check requirements and an annual licensing process with the state Department of Motor Vehicle.
Vermont senators added the requirements to a bill the House has already passed. In a statement, an Uber spokesman said the company opposes the Senate’s efforts to pass “onerous regulations that could have significant impact on people’s ability to earn money with Uber, ultimately stifling growth and improved transportation.”
Information from: The Burlington Free Press
Topics Sharing Economy Ridesharing
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
