News
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI
Allianz SE plans to eliminate hundreds of positions at its assistance and travel insurance subsidiary Allianz Partners as the company pushes forward with implementing artificial intelligence ...
Construction Firms Embrace Safety Programs to Reduce Serious Injury, Fatalities
Nearly two-thirds of construction firms have implemented a program to prevent serious injuries and fatalities, commonly called SIFs, according to a recent survey conducted by the Construction Safety ...
NYC Orders Pause of Construction on Damaged Midtown Office Tower
New York City building regulators said the conversion of a Midtown Manhattan office tower into residences must be paused while officials investigate what caused columns inside the building to fail, ...
Judge Approves $46.75M Payout for 23andMe Data Breach Victims
A U.S. bankruptcy judge on Tuesday approved a $46.75 million settlement for victims of a 2023 data breach at the genetic testing company 23andMe, which exposed genetic and other personal information ...
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter's wealthy Palm ...
Changes in Policy Language, Provisions Suppressing Claim Volume: Report
U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, a new report shows. What's driving the trends isn't ...
Sompo Acquiring Workers Comp Writer Service Insurance Companies
Sompo International Holdings Ltd. announced a definitive agreement for one of Sompo's U.S. subsidiaries to acquire Service Insurance Companies, a U.S. workers compensation insurance specialist. ...
U.S. Proposes Dropping Brake Pedal Requirements for Self-Driving Vehicles
The National Highway Traffic Safety Administration proposed on Thursday to end a government requirement for manual brake pedals in self-driving vehicles, a move that would make it easier to deploy ...