Monthly Archives: <span>May 2024</span>

Alphabet’s Waymo Probe Expanded After More Robocar Incidents

The top US auto-safety regulator expanded its investigation into Waymo, the autonomous-vehicle subsidiary of Alphabet Inc., after more incidents were identified in which the company’s cars were involved in collisions or may have violated traffic laws. The US National Highway …

Reclassification of Marijuana is Underway, but Approval for Workers’ Comp and Auto Injuries Will Take Time

Barely noticed outside marijuana industry groups, the Biden Administration has been moving to change the classification of marijuana as a less dangerous drug. That follows a recommendation by the U.S. Department of Health and Human Services to the Drug Enforcement …

Allianz is Lead Insurer for Singapore Airlines Plane, Sources Say

Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday. The sources familiar …

Aon Claims Study Highlights in Reps & Warranties Transactions

A new study from Aon on Representations and Warranties in transactions shows that compliance with laws has grown to become the third most significant driver of loss, behind only financial statements and material contracts. Aon released its Global Transaction Solutions …

Boeing Faces ‘Long Road’ on Safety Issues, FAA Says

U.S. planemaker Boeing faces a “long road” to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company’s plan to address concerns. In late February, FAA Administrator Mike Whitaker gave …

Bayer Calls Roundup Suits Existential Threat to Company, Farming

Bayer AG Chief Executive Officer Bill Anderson said the wave of lawsuits over its Roundup weedkiller is an “existential” threat to the company and farmers, ratcheting up the stakes as it considers a controversial legal maneuver. “The glyphosate litigation topic …

Norfolk Southern to Pay Civil Penalty, Cleanup Costs Over 2023 Ohio Derailment

Norfolk Southern agreed to pay a $15 million civil penalty and $57.1 million in past government cleanup costs on Thursday, as well as millions in future costs to resolve a U.S. government lawsuit over a 2023 train derailment in East …

Viewpoint: How Liberty Specialty Markets Uses Tech for Claims Risk Management

Once perceived as intricate, time-consuming, and on occasion, frustrating, insurance claims processing has undergone a substantial transformation with the integration of new technological solutions. From artificial intelligence (AI) to big data and automation, the insurance industry is witnessing a rapid …

NOAA Chimes in With Prediction of Above-Average Atlantic Hurricane Season

The National Oceanic and Atmospheric Administration is predicting an 85% chance of an above-average Atlantic hurricane season, with up to 25 named storms. “The upcoming Atlantic hurricane season is expected to have above-normal activity due to a confluence of factors, …

CLARA Adds Chung as Chief Technology Officer and Tainton as Chief Customer Officer

CLARA Analytics added Wayne Chung chief technology officer and Mark Tainton chief customer officer. Chung has experience in cybersecurity, artificial intelligence, and systems engineering. Chung was the CTO for BlueVoyant and prior to that as the CTO of the Federal …