(Bloomberg) — Uber Technologies Inc., the service that lets people order private cars from smartphones, is faulting attorneys and insurers as it seeks to fend off a California proposal that requires more coverage for drivers.
A Senate committee is scheduled today to consider a bill that would force transportation networks to boost protection for drivers cruising for riders in the most populous U.S. state. Uber said it offers adequate coverage and criticized a plan that passed the state Assembly as a “back-room deal” by insurers and trial lawyers seeking to boost profit.
Lawmakers and regulators in states from Illinois to Colorado have been working to define when Uber and competitors such as Lyft Inc. and Side.Cr LLC are liable for accidents. Uber is seeking to attract drivers and win confidence from potential passengers as it expands. The network was valued at $17 billion after it raised $1.2 billion this month in a financing round so it can build operations.
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