INSURANCE NEWS
New Mexico Sues Meta, CEO Zuckerberg Over Child Protection Failures
New Mexico Attorney General Raul Torrez on Wednesday said the state sued Facebook and Instagram parent Meta Platforms META.O and CEO Mark Zuckerberg, saying the social media company had failed to protect children from sexual abuse, online solicitation, and human …
Markets/Coverages: Driver Technologies Launches Video Telematics-Based Driver Score
Driver Technologies, Inc., an AI-based mobility tech company, has announced its Driver Technologies Rating Service Inc. (DTRS) is rolling out its newly launched driver score to commercial fleets and insurance partners. In a press release, Driver Technologies said Driver Score …
Florida Family Sues Panera Bread Over Caffeinated Lemonade After Man’s Death
FLEMING ISLAND, Fla. (AP) –The family of a 46-year-old Florida man has filed a wrongful death and negligence lawsuit against one of the biggest fast-casual restaurant chains in the U.S., claiming Panera Bread Company`s caffeine-filled lemonade drink led to his …
UK Data Protection Watchdog Warns Companies Over AI Use and Privacy
Britain’s data protection watchdog warned companies to consider people’s privacy rights whenever they use artificial intelligence (AI) or face not just fines but losing the public’s trust in the technology. The country’s Information Commissioner, John Edwards, said at a speech …
Report: Kentucky Fund Made $239,000 in Erroneous Tornado Relief Payments
FRANKFORT, Ky. (AP) — A report released Tuesday by state officials on the disbursement of Kentucky`s tornado relief fund found that it sent out about $239, 000 in mistaken payments. The review of the fund by State Auditor Mike Harmon`s …
Family of Man Who Died Sues Tow Truck Driver They Said Sat on the Man’s Head
ATLANTA (AP) — The family of a Georgia church deacon who died after struggling with a police officer following a minor car crash has filed a wrongful death lawsuit against a tow truck driver they say arrived during the confrontation …
Airline Industry to Meet to Discuss Safety Concerns Around Spike in GPS Spoofing
Global aviation industry leaders will meet in January to discuss safety concerns around increased GPS interference by cyberattackers steering planes off course, an International Air Transport Association executive said on Wednesday. Global Positioning System (GPS) spoofing has spiked in recent …
AXA Weighs $1.1B Disposal of European Protection Insurance Businesses: Sources
AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to 1 billion euros ($1.1 billion), two people close to the matter told Reuters. The French insurance group has …
UK Insurance Broker Ardonagh Weighs Refinancing $3.9 Billion Debt Pile
The Ardonagh Group is considering refinancing its entire debt stack to help finance more acquisitions, in a deal that would rank among the largest ever for private credit. The UK insurance broker is in talks with lenders about refinancing its …
Rising War Risks Prompt Insurers to Reassess Property Cover in Geopolitical Hot Spots
Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots. Political violence cover, which businesses can take out to …
J&J Cites ‘Progress’ Settling Baby Powder Cancer Cases
Johnson & Johnson said it’s moving forward to resolve lawsuits that claim its talc-based Baby Powder causes cancer to avoid facing some jury trials next year and further its strategy of finding a global settlement for thousands of cases. “We …
Ex-Twitter Exec Claims in Lawsuit He Was Fired for Raising Security Concerns
A former executive at Twitter Inc, now called X Corp, has filed a lawsuit claiming he was fired after Elon Musk acquired the company for objecting to budget cuts that would prevent the company from complying with a U.S. government …