Posts by Y@DminG

Three of the world’s largest dairy companies are recalling and blocking batches of infant milk formula after a contamination scare that began with Nestle widened on Wednesday to French groups Danone and Lactalis. The recalls highlight how a single compromised … Source: Claims Journal

Alacrity Solutions is selling Alacrity Network Solutions, its managed repair division, to BV Investment Partners. The company said the transaction is part of its long-term strategy to sharpen its operational focus and its investment in technology-driven capabilities across its core … Source: Claims Journal

Eightfold AI, a venture capital-backed artificial intelligence hiring platform used by Microsoft, PayPal and many other Fortune 500 companies, is being sued in California for allegedly compiling reports used to screen job applicants without their knowledge. The lawsuit filed on … Source: Claims Journal

Severe convective storms have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Source: Claims Journal

Hyundai Motor Co. overtook General Motors Co. as the world’s fourth-most valuable automaker as the South Korean firm’s robotics push fuels a blistering stock rally. Source: Claims Journal

In a victory for thousands of women suing Johnson & Johnson over claims that the company’s baby powder and other talc products caused their ovarian cancer, a court-appointed special master recommended on Tuesday that they be allowed to present testimony … Source: Claims Journal

Investment firm TowerBrook is acquiring a majority stake in MSA Mizar, an insurance claims management services provider, marking its first deal in Italy since it opened an office in Milan last year. MSA Mizar’s existing investor Columna Capital and the … Source: Claims Journal

Ford Motor is recalling 119,075 vehicles in the U.S. as the engine block heater may crack and leak coolant, potentially causing a short circuit and increasing the risk of a fire when the heater is plugged in, the National Highway … Source: Claims Journal

Digital insurance company Lemonade is now offering autonomous vehicle coverage . Lemonade Autonomous Car insurance, which is starting with Tesla Full Self-Driving cars, is offering cuts per-mile rates for FSD-engaged driving by roughly 50%, reduced risk during autonomous operation, the … Source: Claims Journal

Britain’s financial regulators should start stress-testing the risks posed by artificial intelligence because their current wait-and-see approach leaves the public and economy in danger of “serious harm,” a group of lawmakers warned. The Bank of England, the Financial Conduct Authority … Source: Claims Journal