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Rise of autonomous vehicles to impact $400 billion US auto-insurance industry, says Goldman Sachs

Rise of autonomous vehicles to impact $400 billion US auto-insurance industry, says Goldman Sachs

by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

“Autonomy has the potential to significantly reduce accident frequency longer-term and reshape the underlying claim cost distribution and legal liability for accidents,” Goldman Sachs analysts including Mark Delaney wrote in a June 9 note to clients The rise of...

Trump tariffs stoke supply chain worries for US businesses, survey shows

by AIP Online Bureau | Jun 4, 2025 | Eco/Invest/Demography, Intermediaries, International News, Policy, Risk Management

“Our survey showed supply chain disruptions were a concern to business owners, with 90% reporting they are concerned about the impact of tariffs on their businesses,” Chairman and CEO J. Patrick Gallagher told Reuters A majority of U.S. business owners are worried...

Iranian man pleads guilty in US to 2019 Baltimore ransomware attack

by AIP Online Bureau | May 29, 2025 | Eco/Invest/Demography, International News, Technology

Iranian-linked hackers have also targeted U.S. critical infrastructure under the guise of ostensibly independent personas, such as the November 2023 defacement of water treatment equipment in Aliquippa, Pennsylvania, by a group called Cyber Av3ngers An Iranian...
Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets

Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets

by AIP Online Bureau | May 27, 2025 | International News, Non-Life, Reinsurance

The tentative agreement would allow require Boeing to contribute $444.5 million to a fund for families of victims killed in the crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019, according to the filing. Boeing also would...
Families of 737 MAX crash victims to object to deal allowing Boeing to avoid prosecution

Families of 737 MAX crash victims to object to deal allowing Boeing to avoid prosecution

by AIP Online Bureau | May 18, 2025 | Eco/Invest/Demography, International News, Risk Management

The agreement would forestall a June 23 trial the planemaker faces on a fraud charge it misled U.S. regulators about a crucial flight control system on the 737 MAX, its best-selling jet WASHINGTON: Families of some of the 346 people killed in two fatal Boeing 737 MAX...
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