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TNCs Ride-sharing

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Meeting the Demands of new Technology and Ride-sharing Drivers
Commissioner Jones approves first insurance product (Metromile) for UberX drivers, providing coverage during Period 1
Transportation Network Companies aka ride-sharing companies
TNCs
January 2015
Commissioner Jones approves  Farmers insurance product for UberX, Lyft and Sidecar drivers.
May 2015
- Personal auto insurance policies will not cover TNC activities after July 1, 2015. - In period one, the driver or the TNC must maintain minimum primary liability insurance:         - $50,000 for injury to one person         - $100,000 for injury to multiple persons         - $30,000 property damage - TNCs must maintain $200,000 in excess insurance on top of the primary coverage for period one. - Periods two and three - TNCs must maintain $1 million in primary liability insurance.
AB 2293 (Bonilla) goes into effect July 1, 2015
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