Industry News
The warning is the latest by EU authorities charged with safeguarding the bloc's economic stability. The European Central Bank's top climate official said last month that the cumulative impact of extreme weather shocks is morphing into its own risk category.
Via: Claims Journal
Facing potential liability for harms related to climate change, major oil companies have again turned to the U.S. Supreme Court, teeing up a case that could determine the fate of dozens of climate-related lawsuits by state and local governments against …
Via: Claims Journal
For years, artificial intelligence researchers have warned of ways the technology could wipe out humanity: AI bots could design an unstoppable disease, unleash a nuclear war, or transform all of Earth into paper clip factories, as one thought experiment goes. …
Via: Claims Journal
UnitedHealth Group Inc. must defend itself against a slimmed-down lawsuit by a major shareholder that alleges investors were deceived about financial transactions that boosted earnings, a federal judge ruled. U.S District Judge Jeffrey Bryan said Wednesday that the California Public …
Via: Claims Journal
A decision by the Georgia Supreme Court this month may have opened the door to more subrogation claims against law enforcement agencies that cause damage to property during non-emergency police procedures. In a case involving helicopter rotor-wash damage to a …
Via: Claims Journal
San Francisco-based Outmarket AI announced it has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The funding comes months after the company …
Via: Claims Journal
Sedgwick named Courtney Welton global chief legal officer, general counsel and corporate secretary. Welton will serve as a member of the executive leadership team and help guide the company’s legal strategy, governance, regulatory compliance and risk management efforts. Welton has …
Via: Claims Journal
A vast majority of Americans favor requiring artificial intelligence companies to meet independent safety benchmarks for their models, even if those standards mean slowing development of the technology, according to a new poll. Against a backdrop of growing global anxiety …
Via: Claims Journal
Attorneys for three cancer patients told a Missouri jury on Tuesday that Bayer’s Monsanto unit failed to adequately test its Roundup weedkiller before selling it, starting a trial that could help determine the viability of some Roundup lawsuits after a …
Via: Claims Journal
A powerful El Niño has left India with its weakest monsoon in more than a decade, threatening crops, draining reservoirs and raising food-price risks in the world’s most populous nation. Rainfall during the June to September monsoon season was 12.6% …
Via: Claims Journal