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City Council Aims to Make New York First U.S. City to Cap Uber, Others

New York City is moving toward becoming the first major U.S. municipality to cap ride-sharing services, sparking a tsunami of protest on Friday from Uber and others, which warned that those living in far-flung neighborhoods will suffer most. The City …

AGCS Taps AIG’s Davì-Greer as Regional Head of Financial Lines

Allianz Global Corporate & Specialty (AGCS) has appointed Stefania Davì-Greer to head of Financial Lines for Regional Unit London (RUL). Based in London, Davì-Greer will join in October with responsibility for the strategic direction and management of AGCS’ financial lines …

Flood Insurance Program Will Lapse If Senate Does Not Act

There is not a lot time left to avoid a lapse in the federal government’s flood insurance program. The Senate is expected to follow the House, which voted last week to temporarily reauthorize the program. Senate Majority Leader Mitch McConnell …

Where Oil Prices Meet Trucker Fatalities: ‘Death Highway’

Route 285 is the formal designation for one of the main roads used to carry supplies to and from the oilfields of West Texas. Locals call it something else: “Death Highway.” Last year, 93 people died in accidents involving trucks …

Malaysia Airlines Flight 370 Was Likely Steered Off Course Deliberately: Report

Malaysia Airlines Flight 370, missing since 2014, was probably steered off course deliberately and flown to the southern Indian Ocean, according to the Malaysian government’s safety report into the disaster. MH370 vanished on March 8, 2014, en route to Beijing …

Strong Earthquake Hits Indonesia’s Lombok Island, Killing at Least 14 People

A strong and shallow earthquake early Sunday killed at least 14 people and injured more than 160 on Indonesia’s Lombok island, a popular tourist destination next to Bali, officials said. The quake damaged more than 1,000 houses and was felt …

Chubb Partners with DynaRisk to Offer Cyber Loss Mitigation Service in UK, Ireland

Chubb has partnered with cyber security company DynaRisk to offer a cyber loss mitigation service to Chubb’s Cyber Enterprise Risk Management policyholders in the UK and Ireland. The DynaRisk service assesses a person’s devices and digital footprint to provide a …

French Insurer CNP Declines to Comment About Merger Speculation

French insurer CNP, which has been the subject of merger speculation, reiterated its annual earnings growth targets as it posted higher interim net profits. CNP’s first-half net profits rose 2.3 percent to 672 million euros ($783.55 million). Excluding the effects …

Tropical Storm Hits Japan, Heads for Region Still Recovering from Floods

A tropical storm in Japan disrupted transportation and knocked out power to thousands of homes in its path as it headed west toward a region still recovering from devastating rains earlier this month. At least 16 people have been injured, …

Jury Awards IBM $83 Million in Closely-Watched Patent Dispute with Groupon

A U.S. jury last Friday awarded International Business Machines Corp. $83 million in a patent dispute with e-commerce company Groupon Inc. A jury in Delaware said Groupon used IBM’s patented e-commerce technology without authorization following a two-week trial. “IBM invests …

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