SACRAMENTO — California’s utility regulators have backed off a plan to require transport network companies, including Uber Technologies Inc. and Lyft Inc., to provide $1 million in liability coverage from the time drivers make themselves available to passengers until they turn their ride-sharing apps off.
Public Utilities Commission Chairman Michael Peevey is now proposing a split-coverage plan more palatable to TNCs. The app companies would be forced to carry excess commercial insurance policies of just $100,000 for personal injuries suffered during the so-called Period One. That phase starts when drivers turn on their apps and ends when they’re matched with a passenger. For the rest of the ride, divided into Period Two and Period Three, the TNC would have to provide primary commercial coverage of at least $1 million.
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