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

Brexit Stalemate Continues as Senior UK Ministers Consider Delaying EU Divorce

Theresa May is expected to confront her most senior ministers with the potentially explosive option of delaying Brexit by months, as the U.K. struggles to find a plan for leaving the European Union. The British prime minister will hold five …

Welcome, Steve Rivera To The Liberty Team

Los Angeles, CA, April 2, 2019 – The Liberty Company Insurance Brokers, one of the fastest growing privately held companies in Los Angeles, is pleased to announce and welcome Steve Rivera as Partner in our Los Angeles office. Steve brings …

Modernization on the Mind of Texas Insurance Commissioner

Note: This is the first of a three-part series resulting from a conversation with Texas Insurance Commissioner Kent Sullivan. Becoming the chief insurance regulator of a large and populous state with the second largest insurance market in the country was …

Americans Still Don’t Trust Autonomous Vehicles: Reuters/Ipsos Poll

Half of U.S. adults think automated vehicles are more dangerous than traditional vehicles operated by people, while nearly two-thirds said they would not buy a fully autonomous vehicle, according to a new Reuters/Ipsos opinion poll. In the same poll, about …

Uber Wins Dismissal of Investor Suit Over Acquisition of Truck Firm Otto

Travis Kalanick, the co-founder of ride-hailing company Uber, and the company’s directors won the dismissal of an investor lawsuit that sought to hold them liable for a fight over trade secrets that slowed Uber’s push into autonomous vehicles. The lawsuit …

How to Get Top Dollar When Selling an Insurance Agency

Whenever agency principals get together, the topic of agency valuations is sure to come up. Someone will start talking about an agency that sold at an unbelievably high multiple. Pretty soon, everyone’s nodding their head and saying there’s a killing …

Labor Department Moves to Ease Franchisor Liability

The U.S. Department of Labor on Monday issued a proposal that would make it more difficult to prove companies are liable for the wage law violations of their contractors or franchisees, a top priority for business groups. If adopted, the …

Cabrillo Coastal Launches Flood Endorsement for South Carolina Homeowners

Cabrillo Coastal General Insurance Agency has launched a flood endorsement for new or existing Safe Harbor Homeowners policies in South Carolina. The coverage, according to Cabrillo, was built from a different rating structure than the National Flood Insurance Program (NFIP), …

Hurricane Michael Debris Fueling Wildfire in Florida Panhandle

Nearly two dozen Florida homes have been evacuated because of a 500-acre wildfire that grew rapidly overnight because of downed trees from Hurricane Michael. Authorities say the fire broke out Saturday in the Panhandle about 10 miles east of Panama …

Florida Pharmacist Convicted in $100M Pharmacy Fraud Scheme

A Florida pharmacist was sentenced last month to 120 months in prison followed by three years supervised release for his role in a massive compounding pharmacy fraud scheme, which impacted private insurance companies, Medicare and TRICARE, according to a statement …