INSURANCE NEWS
Delaware Law to Allow Big Investors Greater Sway Over US Corporate Boards
Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. State lawmakers last week approved a bill that gives a …
Japan Insurers Plan to Sell $3.1 Billion Worth of Honda Shares, Reuters Reports
Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1 billion) worth of shares in Honda Motor Co., Reuters reported. Tokio Marine Holdings Inc., Sompo Holdings Inc. and two units …
Right-Wing Political Tilt in Countries Across Globe Will Not Derail Climate Action
A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate efforts as businesses are increasingly locked into green strategies, delegates at London Climate Action Week heard. A big election year, …
China Refines Financial Stability Law to Strengthen Risk Prevention
China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released on Monday. Revisions to the draft bill underwent the second round of review by China’s top legislature, the National People’s …
Scientists Concerned That a Bird Flu Pandemic Is ‘Unfolding in Slow Motion’
Scientists tracking the spread of bird flu are increasingly concerned that gaps in surveillance may keep them several steps behind a new pandemic, according to Reuters interviews with more than a dozen leading disease experts. Many of them have been …
Beryl Becomes Earliest Ever Category 5 Hurricane in Atlantic
Hurricane Beryl has reached Category 5 strength, the earliest ever in the Atlantic, as the storm headed toward Jamaica with house-wrecking winds and heavy rainfall. Maximum sustained winds have increased to 160 miles (260 kilometers) per hour with higher gusts, …
AI and APIs: Essential Tools for Zurich Insurance Group’s Digital Leap
Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a logical use case for Gen AI’s large language models in providing …
Justice Department to Charge Boeing, Seeks Guilty Plea From Planemaker
The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or taking the risk of going to trial, according to people familiar with the matter. Boeing has until the end of …
Wall Street’s Top Regulator Faces Worsening Battle in Wake of Supreme Court Ruling
The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark …
CDK Expects All Dealers to Be Live by Early July 4
CDK said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July 3 or early morning on July 4. The company, which provides software to car dealerships, had briefly shut down all …
Rhode Island Guarantees Domestic Workers Minimum Wage, Not Workers’ Compensation
Domestic workers in Rhode Island will now be paid the state’s minimum wage under a bill signed into law by Democratic Gov. Daniel McKee. Traditionally, domestic workers haven’t been given that protection as the Rhode Island minimum wage has increased …
Report Keys on Impacts of Economic Changes on California Workers’ Comp
Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026, while employment in most industries fully recovered from the initial pandemic related changes by the end of 2022, a new …