The Uber Insurance Gambit: A Case Study in Corporate Obfuscation and Democratic Erosion
Uber successfully lobbied for a California law that drastically reduced its required insurance liability for uninsured motorist coverage, from $1 million to $60,000 per person, allegedly without disclosing to lawmakers that it largely self-insures through a subsidiary, accumulating billions in tax-free reserves. This calculated opacity represents a profound betrayal of the public trust, allowing a corporate behemoth to write its own rules while leaving riders and drivers dangerously exposed, a stark erosion of the very accountability our democracy relies upon.