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NYC Taxi Driver-Owners Form New Association to Take on Uber
Dozens of angry, independent taxi medallion owners in New York City have been making their opinions about Uber heard at City Hall. The newly formed Taxi Driver-Owner Association said Wednesday that the rapid growth of the Uber ride-hailing service has …
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Arab Bank Settles Terrorism Financing Claims by U.S. Citizens
Arab Bank Plc has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a U.S. jury found the bank liable. The settlement was confirmed on Friday by …
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King Insurance in California Names Fondarella Vice President
King Insurance in California has named Laura Fondarella vice president of marketing and product development. Fondarella has been involved in the development and merchandising of various personal lines and commercial niche products serving the homeowners, mobilehome park and professional liability …
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Audit: Damage, Thefts Cost Baton Rouge More than $100K in 2014
An audit report on the East Baton Rouge Parish Metro Council shows there was more than $100,000 in thefts and damage to the city in 2014, mostly from employees. The audit, released by the Legislative Auditor’s Office, revealed Department of …
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Oklahoman Arrested for Attack on Insurance Adjuster, Fraud
A Tulsa, Oklahoma, man suspected of assaulting an insurance adjuster and filing a bogus insurance claim was arrested on Aug. 13, the state insurance department reported. The adjuster was attacked after questioning an insurance claim filed by Prentice E. Ponds …
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Congress May Move to Slow Illegal Drones
U.S. lawmakers are considering steps to reverse a disturbing rise in illegal drone flights, including new government enforcement tools to crack down on rogue flyers, especially near airports, according to people familiar with the matter. Discussions in the House of …
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EU Weighs Easing Solvency II Capital Rules to Lure Asset-Backed Debt Buyers
The European Union’s plan to revive the asset-backed securities market may heed industry concerns by broadening the range of products eligible for a high-quality label and easing capital requirements for insurers. The securitization overhaul due next month from the European …
The article EU Weighs Easing Solvency II Capital Rules to Lure Asset-Backed Debt Buyers appeared first on Insurance Journal.
Audit: Damage, Thefts Cost Baton Rouge More than $100K in 2014
An audit report on the East Baton Rouge Parish Metro Council shows there was more than $100,000 in thefts and damage to the city in 2014, mostly from employees. The audit, released by the Legislative Auditor’s Office, revealed Department of …
The article Audit: Damage, Thefts Cost Baton Rouge More than $100K in 2014 appeared first on Insurance Journal.
Minneapolis Concert Venue Ceiling Collapses; 3 Hurt
The ceiling of a landmark Minneapolis, Minn., concert venue partially collapsed during a show late Wednesday night, injuring three people, officials said. Firefighters responded to a report of a possible building collapse around 10:15 p.m., Minneapolis Fire Department spokeswoman Cherie …
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Thinking of Investing in a Classic Car? Think Again
A Ferrari 365 from 1972 was expected to fetch somewhere around $450,000 during the annual Pebble Beach Concours d’Elegance in Monterey, Calif. this weekend. When it was last bought in 2008, the car was worth $160,000. For the investment, the lucky owner …
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