U.S. and EU to Launch First-of-its-Kind AI Agreement

New You can now listen to Insurance Journal articles! The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric grid. A senior U.S. administration official, discussing the initiative shortly before the official announcement, … Read more

WTW Launches Cyber Facility, Providing Excess Capacity Globally

A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients.Key elements of the facility include: Capacity: Access to up to 50 million (USD/ GBP/ EUR) of excess layer capacity which can be deployed with complete flexibility anywhere on the program. Capacity is provided through Lloyd’s … Read more

Ford Recalls 462,000 Vehicles for Rear Camera Display Failure

New You can now listen to Insurance Journal articles! Ford Motor Co said Friday it is recalling 462,000 vehicles worldwide because video output may fail, preventing the rearview camera image from displaying. The U.S. automaker said the recall covers some 2020-2023 model year Explorer, Lincoln Aviator, and 2020-2022 Lincoln Corsair vehicles equipped with 360-degree cameras … Read more

Legal & General’s Wilson to Retire After Decade as CEO

Legal & General Group Plc’s veteran chief executive officer is to retire after more than a decade at the helm of the insurer. Nigel Wilson has told the insurer’s board he “would like to retire from executive life,” according to a statement Monday. He has been CEO since June 2012, having joined as chief financial … Read more

Twitter Asks Judge to Toss Out Proposed Sex Bias Class Action

New You can now listen to Insurance Journal articles! Twitter Inc. has asked a federal judge to toss out a proposed class action claiming the company targeted female employees during its recent mass layoffs, saying the plaintiffs failed to identify any actual discrimination. Twitter said the December lawsuit fails to allege that company managers who … Read more