California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace.
Tag: California regulators
California Regulators Consider Insurers’ Use of CAT Models for Property Rates
If California regulators decide to permit the use of catastrophe (CAT) modeling to set rates, they must balance two interests: public transparency and the protection of proprietary information.
Mercury Insurance Ends Fight with California for Record $41M
Mercury Insurance Co. is ending its two-decade battle with California regulators over extra fees charged to customers by agreeing to pay the state more than $41 million, officials said Wednesday. California Insurance Commissioner Ricardo Lara said it’s the largest property and casualty penalty and interest payment in the history of the state Insurance Department. The… Continue reading Mercury Insurance Ends Fight with California for Record $41M