INSURANCE NEWS
Texas Lawmakers Consider Regulations to Address Risks of Artificial Intelligence
A group of state lawmakers began wading through the complex world of artificial intelligence Tuesday, providing an early glimpse at how Texas may seek to regulate the booming technology. During a nearly four-hour hearing, the Texas Senate Business and Commerce …
TikTok Must Face Lawsuit Over 10-Year-Old Girl’s Death, Appeals Court Rules
A U.S. appeals court has revived a lawsuit against TikTok by the mother of a 10-year-old girl who died after taking part in a viral “blackout challenge” in which users of the social media platform were dared to choke themselves …
Robots Are Starting (Good) Fires in California
Cody Chiverton has spent the past decade lighting fires. As a former firefighter with the U.S. Forest Service, he participated in dozens of prescribed burns across the American West, in which fire-prevention teams would carry drip torches to ignite dry …
Two Workers Killed in Tire Explosion at Georgia Airliner Maintenance Facility
Two workers were killed and a third was injured when an airplane tire apparently exploded at a Delta Air Lines maintenance shop at Hartsfield-Jackson International Airport in Atlanta, prompting an investigation by the U.S. Occupational Safety and Health Administration. The …
Atlantic Hurricane Season Could Intensify in Coming Weeks, Meteorologists Say
AccuWeather meteorologists are warning that the Atlantic hurricane season could intensify in the coming weeks as less wind shear and less dry air create conducive conditions for storm development. AccuWeather is forecasting six to 10 named storms to form in …
Americans Shop Around for Insurance More Than Ever as Costs Soar
Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that’s squeezed household budgets, a new industry report shows. For car insurance, so-called policy shopping rates — essentially the share of …
Cybercrime and Sabotage Cost German Firms $300 Billion in Past Year
Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in the past year, up 29% on the year before, according to a survey published on Wednesday. Industry association Bitkom surveyed around 1,000 companies …
Insured Losses From Canada’s Jasper Wildfire Surpass C$880 Million
This summer’s devastating wildfire in Jasper, Canada resulted in more than C$880 million (US$653.4 million) in insured damage, according to the Insurance Bureau of Canada (IBC), quoting data provided by Catastrophe Indices and Quantification Inc. (CatIQ). The sudden and intense …
2 Small Planes Crash in Nebraska Less Than An Hour Part; At Least 1 Dead
CROFTON, Neb. (AP) — Two different small planes crashed into fields in northeast Nebraska Monday and killed at least one person. The two crashes happened less than half an hour apart around 9:30 a.m. A Rans S-19 plane crashed first …
UK Tones Down Worker ‘Right to Switch Off’ Demands on Firms
Britain’s Labour government is watering down ambitions to give employees a legal right to ignore work demands outside office hours, favoring softer rules that had limited impact for workers in Ireland. Rather than seeking legislation for the “right to switch …
Japan Issues Emergency Warning as Powerful Typhoon Shanshan Approaches
Japan issued an emergency warning on Wednesday as powerful Typhoon Shanshan approached the southwestern region with heavy rain and strong winds, prompting Toyota Motor 7203.T to suspend operations at all of its domestic factories. Airlines and rail operators also canceled …
Houthi-Hit Oil Tanker in Red Sea Appears to Be Leaking: Pentagon
An oil tanker attacked in the Red Sea by Iran-backed Houthi rebels on August 21 appears to be burning and leaking, a Pentagon spokesman said on Tuesday. “Sounion now sits immobilized in the Red Sea, where it is currently on …