Requires liability insurance for bicycles, bicycles with electric assist and electric scooters in N.Y. City

This bill requires liability insurance for bicycles, e-bikes, and e-scooters operated on public streets in New York City (population over 1 million), excluding private property. It mandates that owners carry insurance meeting specific standards set by the Superintendent of Financial Services, covering personal injury or property damage from accidents. Riders must display proof of insurance upon request by authorities or individuals harmed by an accident. The requirement applies to all public use in NYC, with limited self-insurance options for government agencies or corporations that can prove financial responsibility. This directly affects NYC residents, commuters, and delivery workers using these vehicles on public roads.