California OKs rideshare coverage from State Farm, USAA

Major insurers are jumping into the pool to provide new auto insurance coverage options to California drivers working for ride-hailing companies such as Uber and Lyft, The Sacramento Bee reported. This week, California Insurance Commissioner Dave Jones approved Bloomington, Ill.-based State Farm and San Antonio, Texas-based USAA to begin offering coverage for policyholders using their personal cars to provide rides through transportation network companies (TNCs).