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AIG Bets on Workplace Safety Wearables by Investing in Startup HCS
Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more efficient. AIG, which is one of the world’s largest … Source: Claims Journal
Read MoreGM Won’t Use ‘Over-the-Air’ Upgrades on Safety Systems
General Motors Co will not use ‘over-the-air’ upgrades, a way of remotely updating software on its vehicles, for safety-critical vehicle systems such as brakes, the automaker’s product development chief said on Wednesday, signaling a different approach from electric car maker … Source: Claims Journal
Read MoreCES Show Highlights Autonomous Car Breakthroughs
Powerful computers that can drive better than people, high-definition road maps and low-cost sensors are about to remove some big barriers to self-driving cars. Some breakthrough features will come to your dashboard quickly, while others will take a few years. … Source: Claims Journal
Read MoreEPA Says Fracking Safe, Scientists Disagree
A landmark study by the U.S. Environmental Protection Agency that concluded fracking causes no widespread harm to drinking water is coming under fire – this time, from the agency’s own science advisers. The EPA’s preliminary findings released in June were … Source: Claims Journal
Read MoreCompany’s ‘Everyone Does it’ Defense Rejected in Shareholder Class Action Lawsuit
Corporate legal battles are often decided on nuanced readings of dense statutes, but one recent ruling that could expose scores of U.S. companies to shareholder lawsuits turned partly on a much simpler defense: everybody is doing it. That failed to … Source: Claims Journal
Read MoreJudge Tosses $21.5M Verdict in Cruise Ship Sliding Door Injury Case
A federal judge on Tuesday threw out a $21.5 million jury verdict awarded to an Illinois man who claimed he was injured during an around-the-world cruise in 2011, after the man’s former assistant came forward to say he had intentionally … Source: Claims Journal
Read MoreFlorida Insurance Commissioner McCarty to Resign May 2
Kevin McCarty, who helped guide Florida’s fragile insurance market in the wake of eight hurricanes a decade ago, announced Tuesday that he is resigning as the state’s insurance commissioner. During his 13-year tenure, McCarty dealt with the near collapse of … Source: Claims Journal
Read MoreDeadly Tornadoes, Floods Contribute to $4B in December Losses in the U.S.
Violent storms that struck the U.S. in December will cost more than $4 billion in damages, about half of which will probably be covered by insurers, according to estimates by Aon Plc. The disasters at the end of the month … Source: Claims Journal
Read MoreCNA Appoints McCarron Senior Vice President, Commercial Claim
CNA announced the recent appointment of Peter McCarron as senior vice president, Commercial Claim. He will report to Andrew Pinkes, executive vice president, Worldwide P&C Claim. McCarron joins CNA from Zurich North America, where he most recently served as senior … Source: Claims Journal
Read MoreMore Than 180,000 Drones Registered in 2 Weeks
One of the most important players in the booming drone industry isn’t a hardware manufacturer; it’s the U.S. Federal Aviation Administration. So attendees at the Consumer Electronics Show on Wednesday flocked to hear a policy update from the FAA, which … Source: Claims Journal
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