California lawmakers advance TNC insurance overhaul to cut ride costs, curb legal abuse

California lawmakers advance TNC insurance overhaul to cut ride costs, curb legal abuse

California lawmakers have introduced a bill to revise long-standing insurance requirements for rideshare companies, aiming to lower ride costs for consumers and address what supporters describe as an outdated and costly system.Senate Bill 371, authored by Senator Rick Cabaldon (D-West Sacramento), proposes scaling back a unique $1 million uninsured and underinsured motorist (UM/UIM) coverage requirement that applies only to transportation networ…