Archive for February 2018

Tech entrepreneur and unsuccessful gubernatorial candidate Steve Poizner announced Monday he’s running to take back his old seat as California’s top insurance regulator. This time, though, Poizner is running as an independent and not a Republican, the party he represented … Source: Claims Journal

Stone Point Capital to Acquire Genex Services Genex Services, a cost containment services provider to the workers’ compensation, disability and auto industries, announced that funds managed by private equity firm Stone Point Capital LLC have entered into a definitive agreement … Source: Claims Journal

Marijuana users’ self-proclaimed holiday is linked with a slight increase in fatal U.S. car crashes, an analysis of 25 years of data found. The study lacks evidence on whether pot was involved in any of the April 20 crashes, but … Source: Claims Journal

Ford and U.S. safety regulators are telling the owners of 33,428 Ranger pickup trucks in North America not to drive them because they have Takata airbag inflators “that are an immediate risk to safety.” A company investigation into Ranger inflators … Source: Claims Journal

Electric cars, robo taxis and self-driving trucks are coming to change the society we live in—possibly sooner than you think. Limited tests of driverless cars are already happening today and they’ll be in use everywhere within six years, according to … Source: Claims Journal

London is ill-prepared to become an early adopter of cutting-edge transport technology including driverless cars and retail deliveries by drone, according to the city’s lawmakers. While the U.K. government has predicted that connected and autonomous vehicles, or CAVs, will be … Source: Claims Journal

Takata Corp’s U.S. unit has reached a settlement with representatives of those injured by lethally defective airbags, paving the way for the company to exit Chapter 11 bankruptcy and move forward with a reorganization plan, according to court documents. The … Source: Claims Journal

Wells Fargo has made missteps in its efforts to make amends to customers who were forced to buy unneeded auto insurance. Bank spokeswoman Catherine Pulley said 38,000 customers received a letter they did not need and that contained no refund. … Source: Claims Journal

It has almost become a refrain: just what is Masayoshi Son up to? After plowing money into companies as diverse as Uber Technologies Inc., office rental specialist WeWork Cos Inc. and fintech lender SoFi, the billionaire chief of Softbank Group … Source: Claims Journal

Maryland Reports 77 Charged With Insurance Fraud in 2017, $466,000 in Fines and Penalties The Maryland Insurance Administration continues to partner with federal, state and local government agencies, insurance carriers and producers to investigate and prosecute individuals and businesses for … Source: Claims Journal