Uber Raises Minimum Age for Most California Drivers to 25 over Insurance Costs

Uber raised the minimum age requirement for most of its new drivers in California to 25 on Thursday under rules the company said are necessary because of the rising costs of commercial auto insurance in…

KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses

Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600 million. Once a Category 4 storm, Hurricane Hilary weakened to a tropical storm before it…

Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges

Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of business. “Decisions like these are never easy, and we are committed to doing our best…