What did the insurance cover?

Excess liability from drivers with insufficient insurance (the driver’s themselves would still be liable here, but unlikely able to pay; the ridesharing firms having overlapping liability and an insurance mandate means that there is a stronger guarantee of some ability to pay where damage occurs.)

(Also, were AV insurance standards also reduced for Uber and Lyft?)

California’s separate AV insurance mandate is on the manufacturer, and is not impacted.