### Comment:
Actually, honest question: What's stopping Lyft/Uber from creating their own insurance division? Or buying a smaller insurance company or something like that? They each have a large pool of drivers so the risk is spread out, and they wouldn't have to pay for another company's overhead.

### REPLY:
My fear about doing this is that it wouldn't be that much of a benefit (and would come with set-up costs).   
  
 Insurance profit margins are thin at 5%.  Even if Lyft could pocket this 5%, this is 5% of 8% of bookings, for about .4%.  Meaning they'd be paying 7.6% in insurance, not 8%.  Maybe with taxes, etc., this actually goes down to 7%.  Is all this effort worth it to save 1% of bookings?  It could be, but it seems overly complicated given the rest of Lyft's challenges.

### END.