Monthly Archives: <span>February 2019</span>

Auto Loan Delinquencies Keep Rising But Economists Hold Off on Alarm

Borrowers are behind in their auto loan payments in numbers not seen since delinquencies peaked at the end of 2010, according to the Federal Reserve Bank of New York. More than 7 million Americans were 90 or more days behind …

Nationwide’s ‘SmartMiles’ Auto Insurance Targets Low-Mileage Drivers

For those who work from home, carpool frequently or use public transit more than they drive, Nationwide is launching SmartMiles, an auto insurance policy for low-mileage drivers. BuildIng on its telematics SmartRide offering, SmartMiles allows Nationwide customers to pay for …

Widow of Wyoming Train Crash Victim Files Wrongful Death Suit against Union Pacific

The widow of a Union Pacific engineer who died in a train crash in southern Wyoming has filed a wrongful death lawsuit against the company. The Wyoming Tribune Eagle reports Jason Martinez’s widow, Sheila Martinez, claims the company was negligent …

$6B in Marijuana Sales in Colorado Since 2014

Colorado regulators say more than $6 billion in marijuana products have been sold since 2014 in the state. The figures released this week represent sales through the end of 2018. According to the Colorado Department of Revenue, more than $1.54 …

Videogame Maker Asks Judge to Toss California Suit Filed over Rapper’s Dance

The makers of “Fortnite” have asked a federal judge to throw out a lawsuit from a rapper who says the video game is illegally using a dance he created. Epic Games filed the motion Monday to dismiss the lawsuit filed …

$215M Settlement in USC Doctor Abuse Suit Requires School Reforms

Attorneys for women who said they were sexually abused by a longtime gynecologist at the University of Southern California say a $215 million settlement includes groundbreaking campus reforms. Attorneys say a proposed lawsuit settlement filed Tuesday in federal court will …

Mayor Establishes D.C. Financial Services Regulatory Sandbox, Innovation Council

District of Columbia Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council. The council is charged with studying and reporting on the feasibility of implementing a financial services regulatory sandbox in the District …

Pennsylvania’s Ascinsure Specialty Risk Promotes Keinard

Ascinsure Specialty Risk LLC has promoted Steve Keinard as its assistant vice president and underwriting manager. Within this new role, Keinard will provide leadership, support and guidance to Ascinsure’s underwriting team. Joining Ascinsure as a senior underwriter in January 2018, …

Insurance Fraud Case in New York May Impact First Party No-Fault Benefits

A high-profile insurance fraud case on appeal in New York is being closely watched by fraud fighters across the country for the impact the decision will have on no-fault law. The case, Andrew Carothers, M.D., P.C. v. Progressive Insurance Company, …

Study Questions Safety Claims About Tesla Autopilot’s Steering Feature

An analysis of government data disputes a finding by safety regulators and promoted by Tesla Inc. that crash rates of its older vehicles declined after they were equipped with an automatic steering capability. The study, released Friday by Quality Control …