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

Ohio Lawmakers Consider Statewide Ridesharing Regulations

The Ohio Senate is considering a bill that would create one set of statewide regulations for ridesharing services such as Uber and Lyft. The lawmakers’ work comes as Uber plans to expand its Ohio workforce by adding 10,000 more drivers …

Moradi Joins Hub in Chicago as EVP of Operations And Technology

Hub International Ltd. has named Carla Moradi executive vice president of operations and technology. Moradi will be based in Chicago, Ill. She will lead the implementation of strategic enterprise-wide customer technologies and operations, supporting HUB regional locations throughout the U.S. …

Texas County Sues Automaker for $100M Over Doctored Diesels

The Texas county that includes Houston sued Volkswagen Group of America Inc. for $100 million, claiming the carmaker’s cheating on emission controls worsened pollution in the area. It’s believed to the the first government claim stemming from the VW emission …

Ski Resorts’ Avalanche Liability Weighed by Colorado High Court

The question of whether Colorado ski resorts can be liable for avalanches that happen within their boundaries comes before the state’s high court this week in a lawsuit prompted by a skier’s death. The case involves the death of Christopher …

Walker’s Daughter Sues Porsche in California Over Fatal Crash

Paul Walker’s daughter sued Porsche for wrongful death Monday, claiming the sports car that her father was in when he was killed suffered from numerous design defects. The lawsuit filed by Meadow Rain Walker seeks unspecified damages for defects that …

California Draws $10M From Reserves to Remove Wildfire Debris

California Governor Jerry Brown last week directed $10 million from the state’s budget reserve to help pay for the removal of huge amounts of burned debris left in the wake of two massive wildfires, the administration said. In a letter …

Farmers Estimates $225M Loss from Northern California Fires

Farmers Insurance reported more than 1,300 claims filed, and an anticipated 1,800 total, with an estimated overall loss of roughly $225 million from two California wildfires that burned nearly 150,000 acres this month in Napa, Sonoma, Amador and Calaveras counties. …

EU to Ease Capital Regulations for Banks & Insurers to Revive Growth

The European Union will ease capital rules it has imposed on banks and insurers since the financial crisis to help markets raise more funds for reviving sluggish economic growth. The bloc’s financial services chief, Jonathan Hill, announced his “action plan” …

How P/C Mutual Insurers Perform Compared to P/C Industry

Mutual property/casualty insurers tend to underperform the property/casualty insurance industry as a whole in several areas of performance, a new report says. However, the A.M. Best report notes, the mission of a mutual insurance company can be very different from …

London to Curb Uber with Driver Tests, Stricter Insurance Requirements

Uber Technologies Inc. faces curbs on its expansion in the U.K. after London Mayor Boris Johnson’s transport regulator proposed that drivers of private-hire minicabs should face English-language and navigational tests, stricter insurance requirements and limits on bookings. The recommendations are …