A proposed bill for regulating ride - sharing apps Uber and Lyft has been moved from this week 's voting board , due to controversial insurance requirements . Senate President Steve Sweeney has said he was concerned the companies would not give passengers adequate medical cover in the event of an accident . The new legislation requires Uber and Lyft provide more than one layer of insurance for passengers , with both the driver ’s personal auto insurance and another additional commercial insurance policy of up to $ 1.5 m required from the companies . Regulation for the ride - hailing companies has been in the works for two years .
A proposed bill for regulating ride-hailing apps Uber and Lyft has been moved from this week's voting board list due to controversial insurance requirements. Senate President Steve Sweeney has said he was concerned the proposal may not give passengers adequate medical cover in the event of an accident. The new legislation requires Uber and Lyft provide more than one layer of insurance for passengers, with both the driver’s personal auto insurance and another additional commercial insurance policy of up to $1.5m required from the companies. Regulation for the ride-hailing companies has been in the works for two years.