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Ridesharing Legislation May Trigger New Wave of Litigation

, Daily Business Review

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On July 1, Florida legislators enacted a new law, Florida Statute Section 627.748, imposing new insurance requirements for ridesharing companies; and, provides for new requirements for auto insurance coverage that affect TNCs and personal auto insurance companies. The statute provides up to $1 million in coverage for those involved in an accident. With such high coverage at stake, auto insurance companies may be exposed to a new wave of litigation, write Cecile S. Mendizabal and Lisette M. Alvarez.

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