After fighting for more than two years to avoid paying almost $1 billion in oil spill damages to Gulf Coast shrimpers, oystermen and seafood processors it claimed didn’t exist, BP Plc has thrown in the towel. “We have withdrawn our …
Under pressure from U.S. regulators, Japanese airbag manufacturer Takata Corp is expected to announce that it is recalling 35 million to 40 million additional inflators in U.S. vehicles, three sources briefed on the matter said on Tuesday. The expanded recall …
Recognizing the difference between hard and soft fraud can aid in investigating fraudulent contents claims, according to two Property & Liability Resource Bureau national conference panelists who spoke recently on the subject. Both Florida-based experts, Greg Nelson with UPC Insurance …
A group of companies including Alphabet Inc.’s Google, Ford Motor Co. and Uber Technologies Inc., are forming a coalition to advocate for safety regulations for self-driving cars and to bring them to American roads. The group, which also includes Volvo …
The automotive and tech companies pursuing the driverless car share a utopian belief: Autonomous vehicles will benefit society, eventually saving most of the nearly 33,000 people each year killed in road accidents in America alone. “If the situation was reversed, …
Slightly warmer tropics and a Lack of El Nino will result in more tropical storm activity this year, according to The Weather Company, an IBM Business. The company’s first tropical forecast for the 2016 season predicts 14 named storms, eight …
National Small Business Week, which runs May 1-6, highlights the importance of small employers to the nation’s economy and community life — and the challenges that small business owners face. A big concern of small business owners in today’s changing …
National Football League executives may for the first time have to testify about what they knew of concussion risks after a judge cleared the way for questions from insurers who are suing to avoid paying more than $1 billion in …
Nearly 1 in 10 homeowners reported that they had fallen victim to a theft from their garden with the average value of the items stolen hitting £176.00 (roughly $258), according to Allianz Insurance. The insurer polled 2000 homeowners during a …
The smart home market is a mess, according to a new report from Aite, an independent research and advisory firm. The Smart Home: Opportunities for Insurers, written by Gwenn Bézard, co-founder and research director, said insurers should care about the …