West Virginia is a step closer to letting Uber and similar companies offer rides in the state. The bill passed the House of Delegates by a 94-4 margin Monday. It next moves to the Senate. The proposal would apply to …
Farmers Insurance has introduced rideshare insurance coverage for ride-hailing drivers in Tennessee. Mariel Devesa, head of product innovation for Farmers Insurance said Farmers has developed this Rideshare Insurance Coverage to offer Tennessee ride-hail drivers coverage options as part of their …
As Britons debate whether to stay in or leave the European Union at a membership referendum, one of the key arguments is what a British exit, or “Brexit,” would look like? Below is an outline of the process which would …
Intact Financial Corp. has made a strategic investment in Metromile, a San Francisco-based provider of pay-per-mile car insurance. Toronto-based IFC, which is the largest provider of property & casualty insurance in Canada, said the venture is in line with its …
Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the promotion of John Wadhams, currently senior underwriter, Aviation, to the role of chief underwriting officer, Aviation, with immediate effect. In his new role, Wadhams will work on the …
Chinese conglomerate Fosun International Ltd.’s deal to acquire Israeli insurer Phoenix Holdings Ltd. for more than $460 million has unraveled, the firm’s second withdrawn overseas purchase in the past two months as it pledges a more prudent investment strategy. Fosun, …
The Federal Emergency Management Agency (FEMA) has responded to Florida’s request to review the National Flood Insurance Program (NFIP) rates but it may not be as forthcoming and helpful as Florida officials had hoped. In a letter dated Dec. 29, …
A former Freedom Industries executive was sentenced Feb. 11 to one month in federal prison for a chemical spill that fouled the drinking water supply of 300,000 West Virginians. Dennis Farrell also was fined $20,000 in U.S. District Court. “I’m …
The captain of the U.S. cargo ship that sank off the Bahamas in a hurricane last fall, killing all 33 people on board, was responsible for decisions that put the vessel in the path of the storm, the company that …
The U.S. Federal Aviation Administration is reviewing a House Republican plan to spin off the nation’s air- traffic control system to a nonprofit corporation and hasn’t rejected the idea. FAA Administrator Michael Huerta, speaking Tuesday at the Singapore Airshow, said …
