Industry News
Some experts see a neural network deployed in Hong Kong as a big step in aviation safety.
Via: Claims Journal
Bank of America Corp. agreed to pay $72.5 million to settle a lawsuit on behalf of Jeffrey Epstein victims claiming the bank aided in the late financier's sex-trafficking.
Via: Claims Journal
A weeks-long outage at a major Australian liquefied natural gas export plant has dealt a further blow to a global market still reeling from the halt of operations in Qatar. Storm damage to Chevron Corp.’s Wheatstone gas plant is hampering …
Via: Claims Journal
A woman who claims Jeffrey Epstein sexually abused her filed a lawsuit claiming the U.S. government and Alphabet Inc.’s Google failed to protect her identity and that of other victims amid the release of millions of pages of records about …
Via: Claims Journal
A former Brookfield Asset Management senior vice president sued the firm, claiming it wrongfully fired her over a social media post following the murder of conservative political activist Charlie Kirk. Jennifer Kipley, who joined Brookfield’s global client group in 2022, …
Via: Claims Journal
Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar. Karratha, the onshore …
Via: Claims Journal
Vehicle safety technologies like automatic emergency braking, lane departure prevention and high-beam assist are reducing insurance claims, according to a new study. Safety benefits from these driver assistance features also increase as systems get bundled and updated, according to a …
Via: Claims Journal
A property insurer is on solid ground in applying depreciation to actual cash value, as long as the policy makes that plan clear, a federal appeals court said in shooting down a proposed class-action lawsuit against Cincinnati Casualty Co. The …
Via: Claims Journal
Toyota Motor Corp.’s Chinese joint ventures are recalling more than 560,000 sport utility vehicles to fix a defect in the second-row seats that could jeopardize passenger safety during a collision. From April 1, the Japanese carmaker and its local partner …
Via: Claims Journal
Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies. Bessent’s predictions, delivered …
Via: Claims Journal