Industry News
Airbus SE and Air France were found guilty of involuntary manslaughter in the deadly crash of a passenger jet en route to Paris from Rio de Janeiro 17 years ago after a French appeals court overturned a previous ruling. The …
Via: Claims Journal
A West Virginia uninsured motorist policy specified that the policyholder must report an accident to police within 24 hours. But that’s not enough to negate a claim, the West Virginia Supreme Court of Appeals decided this week. The West Virginia …
Via: Claims Journal
Severity, not frequency, is driving the rise in claims costs today. While the number of claims has generally declined, the average cost per claim has soared. From 1994 to 2008, claim frequency declined and lawsuits tracked that trend, falling from …
Via: Claims Journal
Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in …
Via: Claims Journal
Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth fund that became embroiled in a corruption scandal. The …
Via: Claims Journal
Waymo has temporarily halted service in Atlanta over concerns that its robotaxis may attempt to drive on flooded roads, the latest setback over an issue that recently led the company to recall thousands of vehicles. It’s the second city where …
Via: Claims Journal
What a super El Niño on one hand and a below-normal Atlantic hurricane season on the other mean for the insurance industry is a matter of perspective: the two climate phenomena are interrelated, fewer hurricanes in one area could be …
Via: Claims Journal
Meta Platforms Inc. reached an agreement to settle a landmark lawsuit alleging that addiction to Instagram and other top social media platforms upended learning across America and pushed U.S. public schools to spend enormous resources fighting a mental health crisis, …
Via: Claims Journal
Spotify has struck a deal with Universal Music Group to let subscribers create AI-generated covers and remixes of songs, marking the first time the audio-streaming giant will allow users to produce AI content using its platform. Shares of the company …
Via: Claims Journal
President Donald Trump is poised to issue an executive order as soon as Thursday aimed at bolstering artificial intelligence cybersecurity and has asked tech industry leaders to join for the event, according to people familiar with the matter. The order …
Via: Claims Journal