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1 10, 2024

Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises

By | October 1st, 2024|Uncategorized|Comments Off on Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises

Tesla and its CEO Elon Musk on Monday won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker’s self-driving technology in order to boost its stock price. U.S. District Judge …

1 10, 2024

Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI

By | October 1st, 2024|Uncategorized|Comments Off on Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI

The average cost of workers’ compensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation Research Institute …

1 10, 2024

Cleanup Begins After Chemical Plant Fire Forced Evacuations Near Atlanta

By | October 1st, 2024|Uncategorized|Comments Off on Cleanup Begins After Chemical Plant Fire Forced Evacuations Near Atlanta

CONYERS, Ga. (AP) — Some residents east of Atlanta were evacuated while others were told to shelter in place Sunday to avoid contaminants from a chemical plant fire that sent a massive plume of dark smoke high into the sky …

1 10, 2024

Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea

By | October 1st, 2024|Uncategorized|Comments Off on Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea

An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from attacking commercial shipping. The 900-foot ship was hit by an uncrewed surface …

1 10, 2024

Jury Awards $24M to Pennsylvania Man Injured in Botched Spinal Surgery

By | October 1st, 2024|Uncategorized|Comments Off on Jury Awards $24M to Pennsylvania Man Injured in Botched Spinal Surgery

A Pennsylvania jury has awarded a $23.87 million verdict to James Spangler, a 58-year-old Harley Davidson mechanic from Manchester who suffered catastrophic injuries following a botched spinal surgery. The verdict represents the largest published medical malpractice award in York County’s …

1 10, 2024

California Governor Vetoes Bill to Create First-in-Nation AI Safety Measures

By | October 1st, 2024|Uncategorized|Comments Off on California Governor Vetoes Bill to Create First-in-Nation AI Safety Measures

California Gov. Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models. The decision is a major blow to efforts attempting to rein in the homegrown industry that is rapidly evolving with little …

1 10, 2024

Viewpoint: East Coast Port Strike: Insurance and Risk Management Implications

By | October 1st, 2024|Uncategorized|Comments Off on Viewpoint: East Coast Port Strike: Insurance and Risk Management Implications

As it has many times before, the International Longshore Association (ILA) threatened a strike, beginning October 1, that would shut down major ports along the Atlantic and Gulf coasts of the United States, with significant repercussions for global trade. That …

1 10, 2024

US East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping

By | October 1st, 2024|Uncategorized|Comments Off on US East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping

Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labor contract …

1 10, 2024

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

By | October 1st, 2024|Uncategorized|Comments Off on Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain on the picturesque community and …

1 10, 2024

WTW to Sell Direct-to-Consumer Sales Unit Tranzact for $632 Million

By | October 1st, 2024|Uncategorized|Comments Off on WTW to Sell Direct-to-Consumer Sales Unit Tranzact for $632 Million

Global insurance broker WTW has agreed to sell its direct-to-consumer insurance distribution business, Tranzact, to the private equity firm GTCR and Recognize, a technology services investment platform, for $632.4 million. “With the sale of Tranzact, we are exiting this direct-to-consumer …