The Columbia, Mo., City Council has approved new regulations for ride-booking services such as Uber and Lyft that include insurance requirements.
The regulations approved require ride-booking services to get business licenses and license their drivers as chauffeurs. The drivers must pass background checks and their vehicles will undergo condition checks conducted by the city.
The Columbia Daily Tribune reports the drivers also must be insured for $1 million per accident, in addition to several thousand dollars in other insurance.
An Uber representative says the new rules show the city does not welcome the services, despite support from residents.
Uber spokeswoman Carla Jacobs says the city’s plan reduces safety for riders and drivers, and the insurance requirement is far too high.
Was this article valuable?
Here are more articles you may enjoy.
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati
AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms
Former Farmers Agent Sued by Insurer Over Sharing Confidential Data
Loss Trends Outpacing Pricing Assumptions: Other Liability Analysis 

