INSURANCE NEWS
Tesla Recalling 2 Million US Vehicles Over Autopilot Safeguards
Tesla is recalling just over two million vehicles in the United States fitted with its Autopilot advanced driver-assistance system to install new safeguards, after a safety regulator said the system was open to “foreseeable misuse.” The National Highway Traffic Safety …
Meta Used Copyrighted Books for AI Training Despite Lawyers’ Warnings, Say Authors
Meta Platforms’ lawyers had warned it about the legal perils of using thousands of pirated books to train its AI models, but the company did it anyway, according to a new filing in a copyright infringement lawsuit initially brought this …
Jensten Purchases UK’s Scrutton Bland Insurance Brokers
Jensten, the London-based independent insurance broking group, has acquired Scrutton Bland Insurance Brokers for an undisclosed amount. The deal brings a team of more than 50 across two additional offices and GWP of £22 million to Jensten. Based in Ipswich, …
Red Sea Shipping Costs Rise After Houthis Target More Commercial Vessels
The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they deem connected to Israel with fears of a spillover that could disrupt global supplies sailing through the region, industry sources …
Nations Strike Deal at COP28 to Transition Away From Fossil Fuels
Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, a first of its kind deal signaling the eventual end of the …
Infrastructure Faces $600B Hit in Worst-Case Climate Shift: Study
Infrastructure investors face losing nearly a third of their money, or around $600 billion, if countries do not plan for an orderly shift to a greener economy by mid-century, a first-of-its-kind study shared with Reuters showed. The researchers describe this …
Google’s Court Loss to Epic Games May Cost Billions but Final Outcome Years Away
Google’s stunning defeat in a legal battle with “Fortnite” maker Epic Games may clear the way for rival app stores on its Android mobile system but a lengthy appeals process will likely prevent any changes for years, according to analysts …
As More Shop Around, Many Insurance Consumers Unaware of Rate Factors
According to a new survey released today by Trusted Choice—the national consumer brand representing the members of the Independent Insurance Agents & Brokers of America (the Big I)—nearly 70% of American are shopping their insurance policies to find a better …
KBRA: Florida Insurers Got Creative in 2023 but Higher Reinsurance, More Storms Coming
Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property insurers will continue to get creative …
Former Florida Adjuster Sentenced to Five Years in Robbing of Tampa Drug Dealers
A former Florida claims adjuster has been sentenced to five years in prison and three years of probation for her role in a scheme to rob alleged drug dealers in the Tampa area. Jasmine Weber, 28, of Tampa, a former …
Horse and Buggy Collision with Pickup Truck Seriously Injures 2 Occupants, Kills Horse
A horse and buggy collided with a pickup truck at an intersection in Maryland, ejecting all four passengers of the buggy and seriously injuring two, authorities said. The buggy was stopped at the intersection Sunday afternoon when the horse “unexpectedly …
Oregon’s Compensable Worker Fatalities up in 3Q, Report Shows
A report from the Oregon Department of Consumer and Business Services for the third quarter shows a rise in work-related compensable fatalities. The department’s Quarterly Fatality report for the third quarter 2023 measures these workplace fatalities from July 1 to …