INSURANCE NEWS
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 …
South Korean Police Probe Massive Data Leak at E-Commerce Giant Coupang
South Korean police said on Monday they were tracing IP addresses and looking into possible tech vulnerabilities at Coupang after the e-commerce giant suffered the country’s worst data breach in over a decade. Shares of the company fell 6.5% in …
Missouri AG Secures $60K Restitution Judgment in Roofing Fraud Case
Missouri Attorney General Catherine Hanaway announced last month that her office obtained a final consent judgment and permanent injunction against Xcel Roofing of Kansas City, LLC, and its owner, James Patrick Harding, for defrauding Greene County consumers out of thousands …
Third Russia-Linked Oil Tanker Suffers Explosions at Sea
An oil tanker carrying diesel suffered four external explosions near Dakar, Senegal, its manager said, the third vessel with links to Russia to have been struck over the last few days. Seawater entered the engine room of the Mersin, Besiktas …
Foundation Firmed: AM Best Switches View of US Homeowners Insurers to Stable
Insurers of U.S. homes have improved rate adequacy and catastrophe risk management, modified coverage, and benefitted from a softening reinsurance market to earn a change in AM Best’s outlook for the segment to stable from negative. A quiet hurricane season …