Industry News
Sterling Jewelers Reaches $125M Settlement in Long-Running Sex Bias Case
Sterling Jewelers Inc. agreed to pay $125 million to roughly 68,000 female retail sales workers who sued the company 14 years ago alleging sex bias in pay and promotions, according to a press ...
NHTSA Upgrades Tesla Autopilot Safety Probe, Step Before Possible Recall
The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla vehicles with its advanced driver assistance system Autopilot, a required ...
Insurers, Self-Insureds Now Facing $9B in Black-Lung Liabilities, Milliman Says
The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurer and self-insured companies' liabilities for black-lung occupational disease claims have ...
Liberty Mutual Announces Senior Executive Appointments
Liberty Mutual announced that Monica Caldas has been named executive vice president and chief information officer, effective January 2023. With this appointment, Caldas joins the company's executive ...
Black Sea Mine Removal Needed Before Ukraine Grain Can Be Shipped, Insurers Return
As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will ...
Citizens Adds Thousands of Policies but Has Yet to Complete Reinsurance Needs
Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. At a Citizens Market Accountability Committee meeting ...
Google Agrees to Pay $118M to Settle Pay Equity Suit
Alphabet Inc.'s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees, law firms representing the women said in a statement. In addition, an ...
Insurance Ban on Russian Tankers Could Help Cut Moscow’s Energy Revenues: Yellen
U.S. Treasury Secretary Janet Yellen said a plan to ban European and UK firms from insuring tanker shipments of Russian oil could help limit Moscow's energy revenues as allied countries seek to curb ...