March 20, 2019 / 6:57 PM / a month ago

At IPO road show, Lyft executives look to lower insurance costs

BOSTON, March 20 (Reuters) - Lyft Inc executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company's initial public offering set for next week.

Reducing insurance costs is "the number one initiative," said Chief Financial Officer Brian Roberts at a luncheon at a Boston hotel on Wednesday for investors considering whether to buy into the closely watched IPO. (Reporting by Ross Kerber; Editing by Dan Grebler)

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