News
‘Risky in California’ Spurs Push for Home Insurance Overhaul
California is prioritizing home insurance availability as it rewrites market rules to coax back insurers and ease a coverage crunch in a state ravaged by wildfires, said Insurance Commissioner ...
Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s
A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according ...
California Family Pleads Guilty in $38M Nationwide Catalytic Converter Theft Ring
A guilty plea was entered yesterday by three Sacramento, California family members relating to charges that they participated in a nationwide catalytic converter theft conspiracy, according to U.S. ...
California Regulators Oppose PG&E Plan to Bury Power Lines to Reduce Wildfire Risk
Pacific Gas & Electric—one of the nation's largest utilities whose equipment has sparked some of California's deadliest wildfires—wants to bury power lines in some of its most at-risk areas ...
N.J. High Court to Hear E-Scooter Rider’s Bid for No-Fault Auto Benefits
David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) ...
UK Watchdog Fines Equifax $13.4M for Role in ‘One of Largest’ Cyber Breaches
Britain's financial watchdog said on Friday it had fined consumer credit rater Equifax Ltd. 11 million pounds ($13.4 million) for its role in "one of the largest" cyber-security breaches in history. ...
Florida Busts $11M Auto Insurance Fraud Ring
Last month, Florida's Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Angela Augustine, an insurance claims adjuster, who was allegedly involved in a $11.6 million automobile ...
Virtual Driving Assessment Can Predict Teen Drivers’ Crash Risk
New research has found that driving skills measured on a virtual driving assessment (VDA) at the time a teen receives their license aids in predicting crash risk. "The VDA is designed to take drivers ...