City council passes ride share ordinance

Despite objections from cab drivers and owners, Chicago’s city council approved a measure today regulating the ride-share industry.

Among the new rules, ride-share drivers are required to get chauffeur’s licenses. There will also be caps on “surge-pricing” during peak demand. Ride-share companies will be required to purchase one million dollars in commercial auto liability insurance.

Taxi companies argue the new rules don’t go far enough.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 520 other followers