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.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
AI Needs Its Own Risk Class: Lockton Re 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
