Drivers for the ride-sharing services Lyft and Uber will be ticketed in the Tampa area, the Public Transportation Commission announced. Drivers were previously given verbal warnings. Fines can reach $800, including a $500 fine for operating without a certificate. The …
Companies that successfully fight off “unreasonable” patent lawsuits can get their legal fees paid, the U.S. Supreme Court ruled in a decision that may benefit Google Inc., Apple Inc. and other technology businesses. The high court on Tuesday gave trial …
Former AIG chief Maurice “Hank” Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles Ramos of New York state court on …
Saga Plc, which provides insurance and holidays to Britain’s over-50s, confirmed earlier reports that it will sell shares in an initial public offering as its private equity owners cut their stakes. The company expects to raise about £550 million ($924 …
Willis Group Holdings Plc plans to eliminate jobs and relocate 3,500 employees, or about 16 percent of its workforce, after reporting first-quarter earnings that missed analysts’ estimates. The moves will yield $420 million in cost savings through 2017 and $300 …
ACE Limited announced that the company and its local partner have acquired a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established in 1947 and listed on the …
Allied World Assurance Company Holdings, AG announced today the launch of its ForceField management liability product suite in the Canadian market. ForceField offers five coverage components including: Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime Coverage, and Kidnap …
Bermuda’s re/insurers “reaped strong earnings in 2013 despite increasing competition, persistently low investment yields, and a tepid economic recovery in the U.S. and Europe,” according to a Standard & Poor’s Ratings Services report titled “Barbarians At The Gates: Are Bermudian …
Google says its self-driving cars are motoring along: they can navigate freeways comfortably, albeit with a driver ready to take control. But city driving – with its obstacle course of stray walkers, bicyclists and blind corners – has been a …
The California Earthquake Authority reported Tuesday it has paid numerous claims for damage to homes that sustained “relatively minor damage” from the magnitude 5.1 earthquake that struck La Habra on March 28. Most CEA claim payments to date from the …
