Archive for March 2016

The FBI and U.S. National Highway Traffic Safety Administration (NHTSA) issued a bulletin Thursday warning that motor vehicles are “increasingly vulnerable” to hacking. “The FBI and NHTSA are warning the general public and manufacturers – of vehicles, vehicle components, and … Read More Read more here:: Insurance Journal       

Chubb announced changes in its leadership team for its transactional risk protection products that help facilitate merger and acquisition (M&A) activity and other transactional deals. Edward Markovich, senior vice president, and Randy Hein, senior vice president, will be responsible for managing … Read More Read more here:: Insurance Journal       

Arthur J. Gallagher International announced that Andrew Agnew, managing director of specialty and member of its executive committee, has been appointed chairman of the London & International Insurance Brokers’ Association (LIIBA). He succeeds Steve Hearn of CGSC and takes up … Read More Read more here:: Insurance Journal       

Major automakers will announce Thursday they have agreed to install automatic emergency braking systems in nearly all U.S. vehicles by September 2022, three sources briefed on the plans said. The U.S. National Highway Traffic Safety Administration (NHTSA) announced in September … Read More Read more here:: Insurance Journal       

The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in cash. According to the announcement, Maxum will maintain its brand and wholesale distribution model … Read More Read more here:: Insurance Journal       

A joint City Council committee has backed a sidewalk repair plan that calls for Los Angeles to cover the cost of the first repair, then hand off the responsibility for future fixes back to the property owner. The Los Angeles … Read More Read more here:: Insurance Journal       

Five Lyft drivers and the Teamsters union will object to a proposed class action settlement, saying it would shortchange drivers by keeping them as independent contractors instead of employees, a union spokesman said on Tuesday. Lyft and larger rival Uber … Read More Read more here:: Insurance Journal       

It would be legal to leave cars running unattended – if they have remote-start systems – under a Colorado bill headed to the governor. The bill updates the state’s ban on so-called “puffing,” or leaving a car running while the … Read More Read more here:: Insurance Journal       

Students at Sacramento State in California are being offered a ride to class in a driverless shuttle whose inventors hope will become the favored method of transportation on campuses and other small communities. The oversized golf cart fitted with computers … Read More Read more here:: Insurance Journal