Monthly Archives: <span>October 2016</span>

California Rules for Self-Driving Cars Draw Objections from Google, Automakers

Alphabet Inc.’s Google unit and automakers objected on Wednesday to California proposals to set new, mandatory rules for testing self-driving cars in the state, which industry officials said could hobble their efforts in the home to much of self-driving vehicle …

Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million

Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital Partners. Cambridge, Mass.-based EverQuote said it will use the …

IICF’s Northeast Division Awards Ten Local Community Grants

The Insurance Industry Charitable Foundation’s (IICF) Northeast Division today announced it has awarded ten local community grants – in the amount of $2,500 each – to nonprofit organizations working outside the Metropolitan areas in New York, New Jersey and Connecticut. …

State Regulators Say Pennsylvania Health Insurance Premiums to Rise

State regulators say the cost of health insurance premiums will be going up sharply next year for residents who buy individual plans. The state Department of Insurance said Monday that insurance company rates, based on requests for 2017, include an …

IIABNY Names Lounsbury Interim President and CEO

Beginning Dec. 1, New York’s oldest insurance producer’s group will be under the leadership of a new state executive for the first time in 20 years. Lisa K. Lounsbury has been named interim President and CEO of the Independent Insurance …

New Jersey’s New Day Underwriting Managers Hires Ippolito

New Day Underwriting Managers LLC, a Hamilton, N.J., based specialty intermediary of environmental and construction related professional liability insurance coverages, has named Jesilyn Ippolito as a consultant within its construction group. In this role, she will be responsible for providing …

Jury Convicts Houston Execs in Healthcare Fraud Scheme

A federal jury in Houston has convicted three executives from a physical therapy chain for their roles in submitting about $9.6 million in false and fraudulent claims for healthcare services that weren’t provided to patients. U.S. Attorney Kenneth Magidson in …

Zenefits ‘Overly Optimistic’ in Revenue Projections

A lot has happened since Zenefits told investors last year that its already lofty projection for annual recurring revenue would more than triple by the end of 2016. The HR software maker saw its founding chief executive officer leave under …

Kansas to Appeal $120K Jury Award Linked to Deadly 2007 Crash

The state of Kansas plans to appeal a jury’s ruling that ordered it to pay $120,000 to the family of a 2007 car crash victim who died after a state trooper demanded she be sent to Missouri hospitals rather than …

More Insurers Disclosing Climate Change Risks, Report Shows

Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes in the business world on the …