(Bloomberg) — Uber Technologies Inc. and other ride-sharing companies that let people arrange transportation in private cars would be required to boost insurance for drivers under legislation sent to California Governor Jerry Brown.
While the 76-year-old Democrat hasn't said whether he'll sign the bill, his administration helped draft the compromise measure that was approved late yesterday by lawmakers.
Under the proposal, ride-share companies operating in the most populous U.S. state would have to provide at least $200,000 of insurance when a driver is on duty and $1 million of coverage when the driver has picked up a customer.
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