Monthly Archives: <span>August 2018</span>

Lyft Faces Patent Suit by Professor Over Ridesharing Model

A retired Georgia Institute of Technology engineering professor described as a “pioneer” in developing the idea of ridesharing sued Lyft Inc., claiming it infringed his patent for technology underlying the core of its business model. According to the complaint, Lyft …

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Paragon Insurance Holdings LLC is expanding in San Diego, Calif., with the opening of a new office in downtown and the hiring of Robert Etzler. He will serve as senior vice president and director of workers’ compensation. Prior to joining …

$10M Award to Man Hit by Garbage Truck Reinstated by Oregon Court

The Oregon Court of Appeals has ruled that a trial judge shouldn’t have reduced a jury’s award to a man whose leg was severed by a garbage truck in downtown Portland. In reinstating the award, the Appeals Court said the …

Metromile Secures $90M in Financing Led by Tokio Marine, Others

San Francisco, Calif.-based startup Metromile Inc. announced $90 million in Series E funding co-led by leading insurance companies Tokio Marine Holdings and Intact Financial. The financing included participation from existing and new investors NEA, Index, Future Fund and Section 32, …

How Surety Bonds Are Covering California’s Cannabis Industry

As the cannabis industry fights for legitimacy across the United States, California is working to maintain its leadership in the niche. In February, the state issued the first-ever surety bond program specifically for the cannabis industry in the nation. Let’s …

Study Examines California Workers’ Comp Prescription Drug Outcomes Under New Formulary

A new analysis offers a preliminary look at Utilization Review and Independent Medical Review outcomes involving pharmaceutical requests for California injured workers since the state implemented a workers’ compensation formulary in January. The analysis from the California Workers’ Compensation Institute …

Honolulu Mayor Tells City to Prepare for Climate Change

Honolulu Mayor Kirk Caldwell has directed city departments and agencies to prepare for the effects of climate change and sea level rise. The mayor issued the mandate last month, requiring the departments and agencies under his jurisdiction to view climate …

Study Warns of Cyber Hacking Risk to Firms Using SAP, Oracle Management Software

At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms said in a recent study. The Department of …

Lyft to Beef Up Background Checks Following Driver Arrest

Ridesharing company Lyft is beefing up its background checks after a driver arrested for rape was found to be in the United States illegally. The company’s “enhanced detection processes” will apply to new applicants and existing drivers, Lyft spokeswoman Kate …

M.J. Hall Acquires Renewal Rights from Wholesale Connection Insurance Services in California

M.J. Hall & Co. has acquired the policy renewal rights from Woodland Hills, Calif.-based Wholesale Connection Insurance Services’ commercial property/casualty business. Terms of the deal weren’t disclosed. Warren Stanley, president of WCIS, will continue to lead the firm through the …