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Ride-hailing services, with Uber at the forefront, overtook rental cars for the first time in the fourth quarter of 2015 and have since widened their lead.

Travelers Cos. said first-quarter profit slipped 17% as catastrophe costs climbed and investment income dropped on lower hedge fund returns.

Volkswagen AG has agreed to set aside at least $10 billion to resolve civil claims by the U.S. government and lawsuits by American car owners over diesel vehicles rigged to cheat pollution controls.

About 625,000 minicars produced over the past three years were marketed as being as much as 10% more fuel efficient than they actually were.

The probe has been slowed by the use of dozens of code words, including acoustic software, for the illicit technology Volkswagen used to turn off pollution controls when cars were on the road.

Sharing services like Uber, Lyft and Airbnb are creating new opportunities for enterprising individuals, while creating some coverage exposures for customers and policyholders alike.