News

Finance’s Final Frontier? British Watchdog Probes Data Sharing

LONDON — Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings, insurance, mortgages, investments, pensions and consumer credit to increase innovation and choice. ‘Open banking’ rules already allow payment …

Toyota to Use Advanced Self-Driving Tech in Commercial Vehicles First

Toyota Motor Corp plans to first deploy advanced self-driving features in commercial vehicles before adding them to cars meant for personal use, a senior official at the Japanese auto major said on Tuesday. It will be easier to apply self-driving …

Winter Storm Kills 4 in Mo., Smothers Kansas in Snow

At least four-people have been killed in weather-related crashes in Missouri and numerous school districts called off classes after a storm dumped from 3 to 9 inches across a large swath of the state. Much of the state was under …

Satellite Detects Methane Escaping from Gas Well Explosion

WASHINGTON — Scientists said on Monday that for the first time, a satellite on a routine global survey identified and measured methane gas escaping from a gas well explosion, a tool that could be important in efforts to curb climate …

PG&E Removes California Governor From $13.5 Billion Fire Deal

Bankrupt utility giant PG&E Corp. has removed a requirement that California Governor Gavin Newsom sign off on its settlement with wildfire victims, trying to buy more time for its restructuring plan. PG&E reached an agreement Monday with representatives of the …

Sacklers Withdrew $10 Billion Out of Purdue, Report Finds

Opponents of the Sackler family’s offer to settle opioid lawsuits against Purdue Pharma LP for about $10 billion say a new report showing the clan withdrew more than that out of the drugmaker over the last decade confirms their reasons …

Boat Safety Law Proposed After California Fire Killed 34

LOS ANGELES — A group of California congressional members have proposed tighter safety standards for small boats after a diving charter vessel burned and sank in September, killing 34 people. Only five people — the captain and four crew members …

New Laws in Calif., Colo., Mich., Ore. and La. to Impact Claims Professionals

Legislation that creates potential for more employment law claims in California and a measure that may give attorneys a new tool to extract larger settlements from Colorado auto insurers are among new laws that will impact insurance claims professionals in …

Insurance Plan Fights Overhaul Aimed at Wildfire Areas

SACRAMENTO, Calif. — As California homeowners in wildfire-prone areas struggle to find insurance, a lawsuit filed Friday will test the state’s authority to help them. California’s insurance industry pays into a fund that sells coverage to people who can’t buy …

Cyberattack on New Orleans City Computers Called ‘Minimal’

NEW ORLEANS — Officials announced Saturday that no data was held for ransom and that a recovery operation is getting underway after a cyberattack a day earlier triggered a shutdown of city government computers in New Orleans. Chief Information Officer …

News Archives by Month