Global Economy
Wildfires Rage in Australia, Ravaging Sydney’s Air Quality
Sydney is world famous for its shimmering harbor and clear blue skies. Not this summer. As bushfires ravage the country's east coast, pollution is becoming a regular occurrence in Australia's biggest ...
AI, Machine Learning Increasingly Embraced by U.S. Carriers: LexisNexis
Artificial intelligence and machine learning are increasingly embraced by U.S. carriers as they seek to remain competitive and modernize their operations, a new LexisNexis Risk Solutions study has ...
Driverless Auto Development Spreads as Hyundai Commits Billions Toward Development
Hyundai Motor Co. will spend 20 trillion won ($17 billion) over the next six years on new technology to help make the switch to electric and autonomous vehicles. Announcing its strategic plan to ...
Risks Rise Significantly for Company Execs Seeking D&O Cover
The range of risks facing company executives, or directors and officers (D&Os), has increased significantly in recent years along with resulting insurance claims, according to a report published ...
Facing Thousands of Lawsuits, J&J Claims New Tests Show Asbestos-Free Baby Powder
Johnson & Johnson said on Tuesday that recent tests showed that Johnson's Baby Powder was free of asbestos, after U.S. Food and Drug Administration investigations reported trace amounts of the ...
U.S. Regions Struggling With Opioids Pursue Own Lawsuits, Ditch Class Action
Local governments in regions hard hit by the U.S. opioid epidemic have opted out of massive litigation taking aim at the drug industry over the crisis, potentially weakening a novel legal mechanism ...
Ping An’s One Connect Arm Goes Public in U.S. With Reduced Targeted Offering
Ping An Insurance's OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size and valuation. The unit of ...
Price Disputes Stall Generali’s Talks to Buy MetLife Europe Assets
Assicurazioni Generali SpA's talks over the purchase of MetLife Inc.'s European assets have stalled over price, people with knowledge of the matter said. The Italian insurer was preparing to make a ...