So-called “transportation network companies” such as Uber and Lyft, which connect drivers and passengers via a Web application, have come a step closer to being regulated after a New Jersey legislative committee passed a bill aiming to set minimum insurance standards and impose other strictures.
The terms of the proposal, however, aren’t stringent enough for those in the more traditional sector of the auto-for-hire industry, who said lawmakers are giving the Web-based services special treatment.
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