Monthly Archives: <span>March 2015</span>

Utah Firm to Issue Refunds to Settle Suit Over Weight-Loss Pills

A Salt Lake City, Utah-based company has agreed to pay refunds to consumers who purchased its weight-loss tablets to settle a class-action lawsuit that claimed its advertising slogan, “Eat All You Want & Still Lose Weight,” was deceptive. Under the …

Nearly 200 Distracted Drivers Ticketed in Nevada

Nearly 200 people in the Reno-Sparks, Nev. area were cited for distracted driving during a special enforcement effort earlier this month. The Nevada Highway Patrol and Washoe County Sheriff’s Office joined Reno and Sparks police in the distracted driving awareness …

Operations In Boise, Idaho Suspended by Uber After Impasse

Uber said on it was suspending its operations in Boise, Idaho, after reaching an impasse in negotiations with city leaders over new regulations. “Steep and growing costs that come from offering thousands of free rides combined with unworkable and onerous …

Home Insurer 1347 PIH Ends Kingsway Contract, Eyes Expansion

Tampa, Florida-based 1347 Property Insurance Holdings Inc., which sells homeowners insurance in Louisiana and has plans to expand to other coastal states, announced it has bought out the management services contract with a subsidiary of one of its founding firms, …

RenaissanceRe Completes Acquisition of Platinum Underwriters

RenaissanceRe Holdings Ltd. announced that it has completed its acquisition of Platinum Underwriters Holdings Ltd. The acquisition was originally announced on November 24, 2014. “The combination of RenaissanceRe and Platinum marks an important milestone for our company, benefiting our expanded …

Amlin, Hiscox Say They Plan to Remain Independent Amid Flurry of M&As

Lloyd’s of London insurers Amlin plc and Hiscox Ltd. both said they have enough scale to stay independent and see no need to find a buyer amid a flurry of deals in the industry. Both insurers reported lower full-year pretax …

Uber: Hackers May Have Stolen Data on 50,000 Drivers

Uber Technologies Inc. said its database was access by an unauthorized third party last year, resulting in the possible theft of information on 50,000 drivers. The drivers, who are part of Uber’s mobile car-booking network, were notified and Uber took …

Senate Committee Backs Monetary Incentives for Auto Defect Whistleblowers

A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a U.S. Senate panel on Thursday. The vote by 13 Republican and Democratic members of the Senate Commerce, Science and Transportation …

3 GOP Senators’ OpEd: Keep Obamacare Subsidies Temporarily

Senior Republican senators said Sunday that Congress would extend Obamacare health insurance subsidies for a “transitional period” should the Supreme Court rule that they aren’t allowed in at least 34 states. Meanwhile, Republicans would design an alternative policy for those …

Ireland’s FBD Holdings Reports Worse-Than-Forecast Operating Loss, Weak Outlook

FBD Holdings plc plunged in Dublin trading after the Irish insurer’s full-year results missed its own downgraded forecast and its operating profit outlook for 2015 fell short of analysts’ expectations. FBD declined 14 percent to 10.50 euros at 9:35 a.m., …