It was 3 a.m. on Monday and Captain Karsten Börner and his crew were already awake, preparing for an approaching thunderstorm just off the Sicilian coast. Moored behind their schooner was a luxury yacht that carried tech tycoon Mike Lynch …
US firms have warned that proposed cyber regulations could grant the Hong Kong government unusual access to their computer systems, highlighting the latest challenge to Western tech giants in the city. The Asia Internet Coalition, which includes Amazon.com Inc., Alphabet …
BMW is recalling 720,796 U.S. vehicles over concerns of a short circuit, the National Highway Traffic Safety Administration said on Tuesday. “An improperly sealed electrical connector on the water pump may be exposed to water and short circuit,” the NHTSA …
A Mississippi poultry processing plant has agreed to a settlement with the U.S. Department of Labor that requires it to pay $164,814 in fines and put in place enhanced safety measures following the death of a 16-year-old boy at the …
A plea deal struck with Boeing over a criminal charge related to software tied to two fatal 737 MAX crashes should be accepted, the U.S. Justice Department said on Wednesday, after some relatives of the 346 people killed in two …
A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. The study, What Is the Evidence for Social Inflation? Trends in Trial Awards and Insurance Claim Payments, …
Crawford & Company, a claims management company, has announced the creation of a claims handling model designed specifically for Japanese-based insurers and companies with interests across Asia. In a press release, Crawford described the model, named Japan Connect, as a …
The U.S. Federal Aviation Administration said on Monday it would require inspections of Boeing Dreamliners following an incident in March when a LATAM Airlines plane went into a sudden mid-air dive that injured more than 50 passengers. The FAA said …
Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case. A preliminary …
In the complex and high-stakes world of large loss property damage claims, the importance of onsite inspections cannot be overstated. Although the rise of technology has introduced remote assessments as a convenient and cost-effective alternative, the benefits of physically being …