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Insurers Must Adapt To New Business Models: Calif. Official

By Erin Coe (April 21, 2015, 4:20 PM EDT) -- The California Department of Insurance has helped launch the insurance market to cover drivers for Uber Technologies Inc. and other smartphone-based ride-hailing services, an example of how the agency aims to protect consumers while encouraging insurers to address risks posed by innovative businesses and technologies, its commissioner told Law360....

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