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 …
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 …
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 …
Mondelez International Inc. was fined €337.5 million ($366 million) after European Union antitrust watchdogs said the US company illegally thwarted cross-border sales of its chocolate, cookies and coffee. The EU said the maker of Côte d’Or chocolate, Ritz crackers and …
Travel insurance policies “will likely” cover injuries sustained by aircraft turbulence, but policies may vary, the Association Of British Insurers said following the Singapore Airlines SIAL.SI incident on Tuesday. One passenger died of a suspected heart attack, and 30 were …
Troubled Malaysian state fund 1MDB has sued Petrosaudi International Ltd.’s executive Patrick Mahony for $1.83 billion over a 2009 joint venture with the oil exploration firm. 1MDB, in its statement of claim, said it was misled into believing that a …
A judge in Hawaii on Tuesday ordered Bristol Myers Squibb and Sanofi to pay more than $916 million to the state for failing to warn non-white patients of health risks from its blood thinner Plavix, up from an earlier judgment …
Kathleen Martin, a former senior data compliance official at Citigroup Inc., accused the bank of firing her for refusing to mislead a regulator about the lender’s data governance efforts. Martin said in a lawsuit in New York Wednesday that Citigroup …
Passengers injured by severe turbulence on a Singapore Airlines flight on Tuesday are likely eligible for compensation, but the amount each receives could differ dramatically even for identical injuries due to an international treaty. One passenger died and the airline …
A bankruptcy court judge has approved a plan by the cryptocurrency lender Genesis Global to return about $3 billion to its creditors and investors, including thousands of people who New York regulators say were defrauded by the company. The plan …