The longer the freight train, the greater the risk of derailment, new research from the Society for Risk Analysis shows. The study draws on the example of the February 2023, East Palestine, Ohio derailment, in which 38 cars from a …
Executive Summary: With instances of violent unrest rising across the globe in recent years, property all-risk insurance programs bore significant losses. One reason is that sublimits for strikes, riots and civil commotion included on the programs were occurrence sublimits. The …
Tesla Inc. must face a proposed class-action lawsuit alleging that it misled consumers about its cars’ self-driving capabilities, a fresh setback for the electric-car maker just as Chief Executive Officer Elon Musk has staked the company’s future on autonomy. Tesla …
A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers. The jury found that the …
A new survey shows one-fifth of respondents admitted to intentionally providing incorrect information on an insurance application. NerdWallet and The Harris Poll conducted an online survey of more than 2,000 U.S. adults. It shows 21% have admitted to intentionally providing …
General Motors Co.’s autonomous-car unit reached an $8 million to $12 million settlement with a pedestrian who was dragged by one of its vehicles in San Francisco, according to a person familiar with the situation. The settlement was struck earlier …
Boeing Co. faces possible criminal prosecution after the US Justice Department found the company violated a deferred-prosecution agreement tied to two fatal crashes half a decade ago, intensifying the crisis engulfing the embattled US planemaker. The company breached the $2.5 …
The U.S. National Highway Traffic Safety Administration (NHTSA) said it has opened an investigation into Amazon.com’s self-driving Zoox vehicles due to unexpected braking leading to two rear-end collisions that injured motorcyclists. The NHTSA said it had opened its preliminary evaluation …
California Senate Bill 553 is groundbreaking legislation that aims to prevent workplace violence and enhance employee safety and security in California. The law elevates California’s commitment to protecting workers, customers, and companies by recognizing the impact of workplace violence and …
Responses to an annual survey showed a decrease in risk management activities over the last year. Origami Risk published its 3rd annual State of Risk report. The survey polled 240 risk professionals from across the U.S. and Europe. It shows …