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

New California Commissioner to Confront Climate-Fueled Fires, Expand Healthcare

As Ricardo Lara took office as California Insurance Commissioner at a ceremony in Sacramento on Monday, he pledged to help residents recover from wildfires while defeating the threat of climate change. Lara, the eighth elected California insurance commissioner since voters …

Safety Sharing Economy: Toyota Offers Its Driver Assistance Technology to Competitors

Toyota Motor Corp. — in an unusual move for the cut-throat car business — has decided to share with rivals an automated safety system that uses self-driving technology to keep cars from crashing. The system, known as Guardian, will take …

Khalaf to Take Over as MetLife CEO from Kandarian on May 1

MetLife Inc. appointed Michel Khalaf president and chief executive officer, succeeding Steven Kandarian. Khalaf, 54, will take over on May 1, the company said Tuesday in a statement. He is currently president of the company’s U.S. and Europe, Middle East …

Judge Blocks NYC Law Demanding Airbnb Disclosures

A New York City law forcing Airbnb and HomeAway home-sharing platforms to reveal a “breathtaking” amount of information about their businesses seems unconstitutional, a judge decided Thursday, forcing the law to be shelved for now. U.S. District Judge Paul A. …

Natural Gas Service Mostly Back for Hundreds in Pennsylvania

Officials say service has mostly been restored to hundreds of Pennsylvania utility customers who had their natural gas service temporarily shut off. Columbia Gas of Pennsylvania shut off service Saturday to about 1,700 customers in Washington County. That came after …

Hub International Limited Acquires Assets of New York’s The Rubin Group

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of The Rubin Group Inc. Terms of the transaction were not disclosed. The Rubin Group President Michael Rubin, along with his team, will join Hub International Northeast following …

Supreme Court Won’t Hear Bid to Reinstate Trinity Guardrail Fraud Judgment

The U.S. Supreme Court on Monday turned away a whistleblower’s bid to revive a $663.4 million judgment against Trinity Industries Inc. in a lawsuit accusing the company of failing to tell a federal agency about changes made to a guardrail …

Arthur J. Gallagher & Co. Acquires Canadian Broker Jones Brown

Arthur J. Gallagher & Co. announced the acquisition of Canadian insurance broker Jones Brown Inc. and its subsidiaries. Terms of the transaction were not disclosed. Founded in 1997 and headquartered in Toronto, Jones Brown is a retail property/casualty insurance broker …

Smart Car Makers See Safety Enhancements Turning Into Revenue Opportunities

As vehicles get smarter, your car will be keeping eyes on you. This week at CES, the international consumer electronics show in Las Vegas, a host of startup companies will demonstrate to global automakers how the sensor technology that watches …

Cargo Ship Sinks in Rough Seas off Coast of Turkey; 2 Crew Members Killed

At least two crew members were killed on Monday after a cargo ship sank in rough seas off Turkey’s Black Sea coast, officials and media reports said. Seven crew members were rescued while a search was underway for four others. …