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 . Sweeney insisted his concerns were “not about trial court lawyers,” and added that he had other tweaks he wanted to discuss with the sponsors. Regulation for the ride - hailing companies has been in the works for two years .
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 .