California governor signs ridesharing insurance legislation

California Governor Jerry Brown gestures during a news conference at Memoria y Tolerancia museum in Mexico City(Reuters) – California Governor Jerry Brown signed new insurance requirements on ridesharing companies into law on Wednesday, but the regulations come at a far lower cost to the industry than previously written into the bill, officials said. Companies such as Lyft, Sidecar and UberX, which is a part of black-car service Uber, allow passengers to summon paid rides using apps on their smartphones and have gained in popularity in dozens of U.S. cities over the past few years. …

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