INSURANCE NEWS
New York City Isolated by Snowstorm as Thousands of Flights Canceled
A powerful winter storm has cut off New York City, grounding thousands of flights and straining transport networks, as 41 million people along the US East Coast brace for blizzard conditions in what could be one of the city’s worst …
Danone Sees Up to €70 Million Hit From Baby Formula Recalls
Danone SA gave its first estimate of the potential cost of the recent recalls of infant formula over a contamination scare, saying it expects a €35 million to €70 million ($82.4 million) financial hit in the first quarter of the …
Carmakers Push Toward ‘Eyes-Off’ Driving, Raising Questions of Safety, Liability
Automakers are racing toward a key milestone on the long road to fully driverless cars: systems that let drivers take their eyes off the road – to shoot a text or peck away on a laptop – unless the car …
Swiss Re Corporate Solutions to Buy QBE’s Global Trade Credit and Surety Business
Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has agreed to acquire the Global Trade Credit and Surety business of QBE Insurance Group (QBE), subject to regulatory approvals. Upon successful completion, the acquisition will strengthen …
Toymaker Assesses Next Steps in US Supreme Court Tariff Refund Battle
Companies that hedged their bets by selling potential tariff refund claims to investors celebrated on Friday after the U.S. Supreme Court struck down President Donald Trump’s sweeping emergency tariffs. Now comes the hard part. “It’s a tiny win in what …
UAE Says It Foiled Wave of AI-Backed Cyberattacks on Vital Sectors
The United Arab Emirates said it thwarted a series of AI-backed cyberattacks and warned of a “qualitative shift” in the methods used by terrorist groups it didn’t identify. The assaults on the UAE’s digital infrastructure and “vital sectors” included attempts …
Judge Upholds $243M Verdict Against Tesla Over Fatal Autopilot Crash
A federal judge rejected Tesla’s request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured her boyfriend. In a decision made public on Friday, U.S. …
NAIC Says 2026 Priorities Include Disaster Preparedness, Responsible Tech Use
The National Association of Insurance Commissioners (NAIC) released its strategic priorities for 2026, including the oversight of emerging technology like artificial intelligence. “At the NAIC, a deep bench of 56 members representing each U.S. state and five territories brings expert …
Study Finds Warming World Increases Days When Weather Is Prone to Fires
The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a …
Florida House Asks Voters to Consider Cut Most Homes’ Property Taxes
Florida’s House of Representatives late Thursday voted to ask voters to end non-school property taxes on most owner-occupied homes, a move that could save some homeowners a few thousand dollars a year but, by some estimates, could cost local governments …
Trump-Backed Ohio Gas Plant Could Become Biggest US Power Polluter
President Donald Trump’s proposal for a massive gas-fired power plant in Ohio would likely create one of the nation’s largest sources of carbon dioxide emissions from electricity generation. While details of the potential $33 billion development are scarce so far, …
New York City’s Last Striking Nurses Approve New Contract
Nurses at a big New York hospital system approved a new contract Saturday, voting to end a major nursing strike after more than a month. More than 4,000 nurses in the privately run NewYork-Presbyterian system went on strike Jan. 12. …