INSURANCE NEWS
Trump Administration Backs Bayer’s Bid to Curb Roundup Lawsuits
President Donald Trump’s administration urged the U.S. Supreme Court on Monday to take up Bayer’s bid to curtail thousands of lawsuits claiming its Roundup weedkiller causes cancer, pushing the group’s shares to their highest in almost two years. In a …
Luigi Mangione’s Arrest Videos Played at Hearings Over Insurance Executive’s Killing
Police spoke to Luigi Mangione in a McDonald’s restaurant for more than 30 minutes before arresting him for allegedly gunning down a UnitedHealthcare UNH.N executive, according to videos played on Monday during state court hearings over whether prosecutors can use …
Yet Another Russia-Linked Tanker Gets Attacked in the Black Sea
A fourth Russia-connected tanker in under a week was attacked on Tuesday, a sharp uptick in strikes on Moscow-associated shipping as the war in Ukraine nears a fifth year. The tiny oil and chemicals tanker Midvolga-2 was sailing across the …
Thailand’s Record Floods Paralyze Key Hubs for Tech and Car Parts
Thailand said floods that have devastated much of the country’s south have “paralyzed” the flow of high tech components and car parts to neighboring Malaysia, potentially benefiting rival exporters in Indonesia and Vietnam. In the hardest-hit area of Hat Yai …
Airbus Says Quality Lapses on A320 Panels Need Inspection
Airbus SE suffered a one-two punch on its popular A320 airliner after revealing a quality issue on some fuselage panels — just days after a software glitch on about 6,000 jets required emergency upgrades. “Airbus is taking a conservative approach …
Here’s Why Two AI Copyright Cases Had Two Very Different Outcomes
Artificial intelligence companies and the creative industries are locked in an ongoing battle, being played out in the courts. The thread that pulls all these lawsuits together is copyright. There are now over 60 ongoing lawsuits in the US where …
Black Sea Shipping Insurance Rates Rise After Ukraine Attacks on Tankers, Sources Say
The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black …
Director Pleads Guilty to Fraud Over Fake Plane Parts Sales
The director of a company at the center of a probe into the sale of counterfeit plane parts pleaded guilty to a charge of fraudulent trading. AOG Technics Ltd.’s director, Jose Alejandro Zamora Yrala, appeared at Southwark Crown Court on …
Supreme Court Wrestles With Copyright Dispute Between Cox, Record Labels
The U.S. Supreme Court grappled on Monday with a bid by Cox Communications to avoid financial liability in a major music copyright lawsuit by record labels that accused the internet service provider of enabling its customers to pirate thousands of …
Dozens of State Attorneys General Urge Congress Not to Block AI Laws
Republican and Democratic attorneys general from 35 states and the District of Columbia urged congressional leaders on Tuesday not to block state laws governing artificial intelligence, warning of “disastrous consequences” if the technology is left unregulated. The letter sets up …
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability
He was not covered by workers’ compensation insurance. But he was in the course and scope of employment enough for an employer’s liability insurance exclusion to apply, the U.S. 11th Circuit Court of Appeals, which overturned a lower federal court …
‘Amazon Now’ to Deliver Essentials, Groceries in 30 Minutes in Seattle, Philadelphia
Amazon.com said on Monday it is testing ultra-fast delivery of household essentials and fresh groceries in parts of Seattle and Philadelphia, as the company doubles down on efforts to grow its domestic footprint. The service, called “Amazon Now,” will deliver …