SACRAMENTO — Ride-sharing company representatives ratcheted up the rhetoric Wednesday in the ongoing battle over proposed regulations, saying newly amended legislation that could go to a Senate vote as early as Friday puts “the future of ride-sharing in California … truly at stake.”
Lobbyists for trade groups representing Uber Technologies Inc. and Lyft Inc. blasted language—in print for the first time Wednesday—that, starting in July 2015, would force contracting drivers to carry $300,000 in insurance coverage for death and personal injuries from the time they log on to a ride-sharing app until they accept a passenger match. The companies would also have to provide $1 million in excess, or “backstop,” insurance to cover severe accidents during that time period.
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