Insurance Archive

GM Plans Fleets of Autonomous Robo-Taxis by 2019

General Motors Co. laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a challenge to rivals such as Alphabet Inc’s Waymo. Underscoring the potential opportunity ahead, GM President Dan Ammann told investors the lifetime

How Payment Policies of Insurers, Government Discourage Opioid Alternatives

Pharmaceutical companies have introduced new medicines to treat dependence, reverse overdoses, and deal with opioids’ side effects. But few effective and economically viable alternatives to addictive painkillers have emerged from the laboratory. That’s because of broken incentives, according to economists and industry experts. The payment policies of insurers and government health programs, along with pressure

House Republicans Advance Bill Making It Easier to Carry Guns Across State Lines

The National Rifle Association has called the concealed carry bill, which would make it easier for gun owners to keep their firearms hidden when crossing state lines, its “highest legislative priority in Congress.” Despite concerns raised by Democrats about states’ rights and domestic violence, the Republican-controlled Congress has pushed the proposal one step closer to

Patriot National to Reorganize for Acquiring Lenders; Subsidiaries to File Chapter 11

Patriot National Inc., which provides technology, outsourcing and underwriting services to the insurance industry, has announced a plan of reorganization as part of a restructuring support agreement (RSA) with its lenders, Cerberus Business Finance, LLC and its affiliates, and TCW Asset Management Co. LLC., which have agreed to acquire the financially troubled firm. Under the