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.

Filed in: News


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