Insurance
Typhoon Doksuri Destroys Power Lines, Closes Factories as It Rips Into China
Typhoon Doksuri swept into China’s southeastern Fujian province on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines sparking fires, uprooted trees and forced factories and shopping malls to shut. The second strongest typhoon to land …
Read More NAIC Releases Highly-Anticipated Draft Model Bulletin on Insurers’ AI Use
On July 17, 2023, the Innovation, Cybersecurity and Technology (H) Committee of the National Association of Insurance Commissioners (NAIC) released for comment a highly anticipated model bulletin (Model Bulletin) on regulatory expectations for the use of artificial intelligence systems (AI …
Read More Ship Carrying BMWs and Mercedes Ablaze Off Dutch Coast Could Burn for Days
A cargo ship carrying almost 3,800 cars and construction vehicles is likely to continue burning for days, according to the Dutch coast guard, which is leading efforts to contain the blaze. BMW AG and Mercedes-Benz Group AG each have several …
Read More Barclays Banker Fired Over Sexual Harassment Loses $770,000 Employment Suit
A former Barclays director who was fired for sexual harassment has lost an employment lawsuit against the British bank in which he sought nearly 600,000 pounds ($770,000) in compensation, a London tribunal announced on Thursday. Robert Record, once a senior …
Read More Study: Motor Vehicle Thefts Soar in First Half of 2023
During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released this week by the Council on Criminal Justice. Continuing an upward trajectory, motor vehicle …
Read More Inside EU, No Clear Financial Options Exist to Reduce Ukraine Grain Transport Costs
The European Commission has no immediate money in the budget and no clear way to help finance the extra transport costs Ukrainian grain exports will face with the end of the Black Sea deal, sources told Reuters, leaving an opportunity …
Read More Ocean Temperatures Hit 90 Degrees, Fueling Weather Disasters
Heat searing enough to knock out mobile phones. Wildfire smoke that turns the skies an apocalyptic orange. Flash floods submerging towns in upstate New York and Vermont. This grim procession of recent disasters is being driven in part by climate …
Read More Cigna Health Giant Accused of Improper Violation of California Law
A federal lawsuit alleges that health insurance giant Cigna used a computer algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law. The class-action lawsuit, filed Monday in federal court in …
Read More Illinois Grain Bin Operator Faces $273K in Fines After Worker Found Trapped in Soybeans
A 43-year-old employee at a Westfield, Illinois grain elevator found himself trapped for five hours in February 2023 as co-workers and emergency responders worked to remove hundreds of pounds of soybeans to pull him out. Thankfully, the worker suffered only …
Read More Texas’ Tokio Marine HCC Unveils New Look Website
Tokio Marine HCC, headquartered in Houston, Texas, announced it has overhauled its website reflecting a fresh new brand look, as it continues its journey to deliver an easier and more rewarding online experience for uses. The new look website has …
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