Federal crash investigators have released reports and investigative material about a multi-vehicle wreck a year ago in North Las Vegas that killed a driver and his passenger in a speeding sports car and seven members of a family in a minivan. The National Transportation Safety Board study of the crash has not reached findings or … Read more
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
New You can now listen to Insurance Journal articles! The interim manager appointed by the U.S. Department of Justice to reform the troubled water system in Mississippi’s capital city released a new financial plan Friday to change the way Jackson bills for water and to spend hundreds of millions of federal relief funds. The plan … Read more
New You can now listen to Insurance Journal articles! Today is the deadline for New York Gov. Kathy Hochul to decide whether to sign legislation that will expand the types of damages that could be won in wrongful deaths cases. The bill, known as the Grieving Families Act (A.6770/S.74A), seeks to update the state’s 175 … Read more
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
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 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
Americans have popularized “hustle culture,” but it’s French executives who binge work the most, according to a new survey. Nearly four in ten French business leaders admit to working intense, long hours without regular breaks, well above the 25% global average and besting rates in the US, UK and China, the survey from health insurer … Read more
Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city, Auckland. As of Monday morning, Suncorp’s Vero and AA Insurance brands have received about 3,000 claims, while IAG’s AMI, State and New Zealand … Read more
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