INSURANCE NEWS
UK Authorities Charge Director at Center of Fake Plane Parts Probe
The former director of a firm at the center of a global investigation into bogus airplane parts was charged with fraud by UK authorities. The Serious Fraud Office charged AOG Technics Ltd.’s director, Jose Alejandro Zamora Yrala, with fraudulent trading, …
Tesla Targets June 12 Launch of Robotaxi Service in Austin
Tesla Inc. is poised to begin its long-awaited robotaxi service in Austin on June 12, according to a person familiar with the matter, a milestone in Elon Musk’s plan to reshape the company around driverless vehicles and artificial intelligence. The …
Missouri Special Session to Include Discussion on Aid for Tornado Victims
Missouri lawmakers are to kick off a special session Monday to consider aid for tornado victims and a package of financial incentives aimed at keeping the Kansas City Chiefs and Royals from leaving the state for new or improved facilities …
Michigan Court Ends Effort to Sue Oxford School Staff Over Mass Shooting
The Michigan Supreme Court on Wednesday dismissed appeals by families of students killed or wounded at Oxford High School in 2021, ending efforts to hold employees partly responsible for the mass shooting. Under Michigan law, immunity is a high hurdle …
Wildfire Experience Inspires New Contents Claims InsurTech
When Michael Balarezo emerged from the basement office of his Boulder, Colo., home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife and daughter swiftly stowed emergency clothing, sensitive documents and …
Cargo Ship That Ran Aground in Norway, Nearly Hitting a House, Is Towed Back to Sea
A cargo ship that ran aground in a Norwegian fjord and narrowly missed a house, was pulled back into open water and was being towed to a nearby harbor on Tuesday — five days after the spectacular accident. A tugboat …
US Agrees to End Use of Race, Gender in Highway, Transit Contracts
The Trump administration said on Wednesday it has agreed to end the U.S. Transportation Department’s consideration of race or gender when awarding billions of dollars in federal highway and transit project funding set aside for disadvantaged small businesses. A judge …
Viewpoint: Global Reinsurers Stand Strong Amid Investment Volatility, Natural Disasters
The reinsurance industry has shown significant improvements in operating performance in recent years. Despite facing substantial insured natural catastrophe losses globally, reinsurers achieved robust earnings growth in 2023 and 2024 exceeding their cost of capital. This is largely attributed to …
Emergency Management Director for Florida Keys Braces for Hurricane Season
No place is more vulnerable to hurricanes in the 50 U.S. states than the Florida Keys. The chain of islands celebrated by singer Jimmy Buffett in his odes to tropical escapism is surrounded by water, jutting out 120 miles southwesterly …
Rehab Provider Resolves Discrimination Charge Following Employee Termination
Premiere Rehab (doing business as Infinity Rehab), a rehabilitation and therapy service provider with locations in 18 states, including Minnesota, has agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. …
Texas Wants Its Own Film Industry, and Some Creative Control
Taylor Sheridan calls his 2016 thriller Hell or High Water a love poem to Texas, but to film it, he had to go to New Mexico. The movie tracks brothers-turned-bank-robbers through West Texas oil country as they try to save …
Thousands Without Power in Houston After Strong Thunderstorms
Thousands in the Houston area are without power after hefty thunderstorms with 70-mile-per-hour winds, hail and lightning rolled in early Tuesday morning, downing power lines and shutting off electricity for more than 160,000 people. A line of storms with more …