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Posts by Y@DminG

Government Self-Driving Car Rules Due Within Months

U.S. regulators are making progress and will begin issuing guidelines to help the introduction of self-driving car technology within the next few months, Transportation Secretary Anthony Foxx said. The rapidly developing technology promoted by companies such as Google, Tesla Motors … Source: Claims Journal

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Chubb Highlights Construction Contractor Emerging Risks in New Advisory

As construction contractors incorporate project design and digital technologies into their businesses, Chubb has issued an advisory to help them understand and manage emerging professional liability and privacy and network security exposures. Co-authored by two Chubb executives, the advisory, “New … Source: Claims Journal

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Takata Placing Worst-Case Recall Costs at $24B

Takata Corp., the supplier behind the auto industry’s biggest recall ever, estimated that a comprehensive callback of its airbag inflators would total about 2.7 trillion yen ($24 billion), according to a person familiar with the matter. The shares plunged to … Source: Claims Journal

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North Texas Earthquake Risk Higher Than Ever Before

A U.S. Geological Survey report concludes the risk of earthquakes for the Dallas-Fort Worth area is higher than it’s ever been. The USGS report released Monday, according to The Dallas Morning News,  incorporates “induced” earthquakes into federal seismic hazard maps. … Source: Claims Journal

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No Criminal Charges in Deadly California Balcony Collapse

A California prosecutor has decided against filing criminal charges in a fifth-story balcony collapse in Berkeley last year that killed six students from Ireland and injured seven other people, officials said Tuesday. Alameda County District Attorney Nancy O’Malley said she … Source: Claims Journal

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Self-Driving Cars Will Likely Put a Dent in Auto Insurer Profits

Accident avoidance features in vehicles, such as automatic braking, adaptive cruise control, and lane departure prevention, are becoming more prevalent and will lead to lower accident frequency in the next five-to-ten years, a benefit for auto insurers. Longer term, self-driving … Source: Claims Journal

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