The traditional car rental industry began to push last year for new state rules on upstarts, in part through its trade group, the American Car Rental Association. (Photo: Shutterstock)
(Bloomberg) — The bill that turned Illinois into the focal point of a bitter debate over car-sharing last year started as a proposal about what happens when a rental car is stolen. The legislation, which would allow rental companies to punish customers if they don't return a stolen vehicle's keys and file a police report, had passed the state Senate unanimously and was expected to be similarly uncontroversial in the House. Then an amendment in mid-May scrubbed all the language from the bill and replaced it with a plan to regulate websites that allow people to rent their cars to strangers.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
