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California Lawmakers Call for Stricter Regulation of Autonomous Vehicles
California lawmakers and labor unions rallied to call for laws to not allow autonomous trucks without human drivers, amid rising safety concerns after accidents involving self-driving taxis from General Motors and Alphabet. A robotaxi from Alphabet’s GOOGL.OWaymo was torched by … Source: Claims Journal
Read MoreJacobson: Survey Shows ‘A Significant Pause’ in Industry Job Growth
More than half of insurance companies expect to increase staff in the next year, according to the latest labor market study from Aon and the Jacobson Group. Meanwhile, 77% of carriers expect to increase revenue in the next 12 months. … Source: Claims Journal
Read MoreTesla, News Corp. Caught in NYC Crackdown on Job Ads Pay Ranges
Tesla Inc. and News Corp. face some of the earliest regulatory enforcement actions under New York City’s closely watched pay transparency law. The city alleges the businesses ignored the requirement to include salary ranges in job ads or posted such … Source: Claims Journal
Read MoreSnowstorm Descends on NYC as Hundreds of Flights Canceled
A powerful winter storm descended on the US Northeast on Tuesday, dropping snow across the region while snarling commutes, shutting schools and canceling hundreds of flights. Parts of Pennsylvania could see more than a foot (30 centimeters) of snow, while … Source: Claims Journal
Read MorePrime Insurance Avoids $60M Judgment in Liposuction Death Case in Georgia
Prime Insurance Co. is not liable for $60 million in damages after two patients died following liposuction at a Georgia clinic, thanks in part to the clear wording of the insurance policy and timely action by the insurer, a federal … Source: Claims Journal
Read MoreStudy: Vermont, Montana, New Hampshire Had Highest Crash Fatality Rates
Vermont, Montana, and New Hampshire were the top three states with the highest fatality rates in traffic accidents in a study of National Highway Traffic Safety Administration data. The study covered NHTSA data from 2017 to 2021. It showed Vermont … Source: Claims Journal
Read MoreWalmart, Energizer Must Face Lawsuits Over Battery Prices
Walmart WMT.N and Energizer ENR.N were ordered by a U.S. judge to face lawsuits by consumers and retailers accusing them of violating antitrust law by conspiring to raise prices of disposable batteries. In a decision on Friday, U.S. District Judge … Source: Claims Journal
Read MoreRhode Island Insurance Division Issues ‘Professional Courtesies’ Bulletin
The Rhode Island Insurance Division issued a bulletin to inform property/casualty insurers about “professional courtesies” expected from licensed Insurance claims adjusters and licensed P/C insurance companies while interacting with claimants or their legal representatives during the claims process. The division, … Source: Claims Journal
Read MoreRyze Claim Solutions to be Recapitalized by Bain Capital Insurance
Ryze Claim Solutions entered a definitive agreement to be recapitalized by Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital. Following the transaction, Ryze will be majority-owned by Bain Capital Insurance with members of the management team and … Source: Claims Journal
Read MoreViewpoint: The Cyber Risk Pendulum
Privacy risk is so 2014, right? Ten years ago, numerous retail and healthcare companies were hit with data breaches related to the exposure of credit card or healthcare data. Given many data breach claims, which included fines by state attorney … Source: Claims Journal
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