State Farm says it plans to increase the size of its claims workforce by 10%, or about 3,000 employees, starting in 2027. The Bloomington, Illinois-based carrier reports roughly 30,000 claims employees across the country. State Farm handles nearly 11 million …
Electric utility Southern California Edison is urging California lawmakers to hold a special session before year-end to consider limiting utilities’ exposure to future wildfire liabilities, CEO of parent company Edison International EIX.N Pedro Pizarro said this week. Electric utility infrastructure …
Electric vehicle maker Rivian Automotive said on Wednesday it is recalling about 100,700 vehicles, representing a majority of its vehicles produced to date, over a software issue that can obstruct the rearview camera display. Related: NHTSA Closes Rear-View Camera Probe …
Apollo Global Management Inc. Chief Executive Officer Marc Rowan blasted insurance regulators in Delaware for their handling of Mark Walter’s insurance companies, which are now the subject of a federal probe. Rowan singled out the Delaware Department of Insurance for …
The Federal Bureau of Investigation is probing hackers’ claims that they broke into the agency’s systems and stole thousands of current and former employees’ data, the bureau said in a statement Wednesday. The FBI on Wednesday acknowledged the hackers’ claims …
A hurricane watch has been issued for Hawaii’s Big Island as Tropical Storm Nolo strengthens south of the island chain. Nolo, with top winds of 40 miles (64 kilometers) per hour was 500 miles south of Honolulu and on a …
After years of broadly unsuccessful efforts to wean drivers off combustion engines, sales of electric vehicles are surging in Europe thanks to the jump in fuel prices stoked by geopolitical upheaval. Registrations of fully-electric cars soared 52% across the region …
Companies must prepare for successful attacks on critical power infrastructure as both physical and cyber threats continue to increase, the CEO of E.ON, Europe’s largest operator of energy grids, said on Thursday. “Attacks on our grids are increasing significantly,” Leonhard …
The National Association of Insurance Commissioners defended its supervision of Wall Street’s influence over insurers and their bets on private credit, as the group seeks to dispel U.S. Senator Elizabeth Warren’s doubts about potential regulatory gaps. In a letter Thursday …
Tesla’s FSD automated-driving system frequently exceeded speed limits and attempted to overtake cyclists on streets where it’s prohibited, a road-safety advocacy group said, citing tests it conducted in Belgium. The Belgian group Johanna.be – which advocates for pedestrian and cyclist …