French employers’ lobby Medef estimated the cost of violence since...
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Law firms wooing AI experts as clients demand ‘More for less
Legal services are the most vulnerable to ChatGPT-style software,...
Reinsurance market continues to recalibrate at mid-year 2023 renewals: Guy Carpenter
The preliminary year-to-date Guy Carpenter US Property Catastrophe...
Jean-Paul Conoscente to succeed Victor Peignet as CEO of SCOR Global P&C
SCOR’s group has posted a net income is EUR 322 million for 2018, despite the cost of the nat cat events that occurred in Q3 and Q4.
Once pariahs, tobacco giants like Philip Morris quietly return to Formula-1
Since 2006, Formula 1’s ruling body FIA has been firmly opposed to any advertising or sponsoring of cigarettes or tobacco.
AI to tackle UK insurance fraud and assess flood damage
The project is one of 40 backed by £13 million in Government investment to support collaborative industry and research projects to develop the next-generation of professional services.
California considers insurance to help with wildfire costs
The most populous state should follow the lead of Oregon, the World Bank and the Federal Emergency Management Agency after outspending its emergency fund in seven of the last 10 years, California Insurance Commissioner Ricardo Lara and Treasurer Fiona Ma said.California spent nearly $950 million two years ago, about $450 million more than was budgeted and by far the highest annual amount. It spent about $677 million last year, as wildfires again swept through cities, suburbs and more rural areas.
California has experienced 11 of the top 20 most destructive fires in its history since 2007.
Ex Coca-Cola engineer stole secrets worth $120 million for Chinese firm: US
According to the indictment, You conspired with Chinese national Liu Xiangchen and an unnamed relative of Liu to steal formulations for food packing coatings that are free of the widely-used bisphenol-A chemical, which scientists have discovered in recent years is harmful to human health.
Study questions safety claims about Tesla autopilot’s steering feature
The study, released Friday by Quality Control Systems Corp., a data analysis company in Maryland, examined the National Highway Traffic Safety Administration’s 2017 conclusion that there was a 40 percent reduction in the rate of crashes by Tesla vehicles that resulted in the deployment of air bags after they were equipped with Autosteer, a part of the automaker’s suite of automated driver-assist systems it markets as Autopilot.
Airbus to scrap production of A380 superjumbo
The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747 but failed to take hold as airlines backed a new generation of smaller, more nimble jets.
Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
A key supplier of talc used in Johnson & Johnson’s baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma.
AIG swings to loss, hit by catastrophes and volatile market
The company’s general insurance unit reported an underwriting loss of $1.1 billion, compared with a loss of $846 million a year ago, largely due to Hurricane Michael and the California wildfires.Still, AIG said its general insurance accident year combined ratio – which excludes changes from losses incurred in past years – was 98.8 for the quarter, compared with 100.2 a year ago.
Google, Amazon expanding smart home device data gathering
The commercial success of voice assistants has bolstered dozens of companies working to build interest in internet-enabled televisions, kitchen appliances and other devices. Many people first start tinkering with connected appliances after buying a smart speaker. Surveys show about a quarter of U.S. smart speaker owners regularly use them to control something else, a percentage analysts expect to rise.