March 8, 2019
Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s latest sigma report. Discussing the macro-economic …
March 8, 2019
Daimler and BMW are teaming up to develop autonomous driving technology to cut costs and set an industry standard that can help to shape future regulation for self-driving cars, senior executives said on Wednesday [March 6]. “It is a chicken …
March 8, 2019
The U.S. Justice Department and Exxon Mobil Corp have reached a settlement resolving Clean Air Act violations stemming from a 2013 fire at the company’s Beaumont, Texas, refinery that killed two employees and injured 10 others, the department said on …
March 8, 2019
Roughly 120,000 gallons (454,000 liters) of would-be bourbon have spilled at a Kentucky distillery. News outlets report two people were injured in the fermented mash spill Tuesday at the Barton 1792 Distillery in Bardstown, where a storage collapse last year …
March 8, 2019
A Kentucky zoo has closed while engineers study a newly discovered sinkhole nearly as large as a football field. Louisville Zoo spokeswoman Kyle Shepherd told news outlets the sinkhole was found Wednesday in an undeveloped area away from any zoo …
March 8, 2019
The production and sale of low-potency medical marijuana oil could soon be allowed in Georgia under a bill passed Tuesday by the House. Lawmakers voted 123-40 to clear the measure, two days ahead of a legislative deadline that generally requires …
March 8, 2019
Michigan State University continues to explore its insurance coverage options with regard to sexual assault or molestation claims brought against the school after rejecting renewal coverage offered by its long-term liability insurer and setting up its own captive insurer for …
March 8, 2019
Mayer Brown announced that a team led by partner Kara Baysinger has joined the firm, adding to its global insurance capabilities and growing corporate and securities practice. As a partner based in Mayer Brown’s San Francisco, Calif. office, Baysinger will …
March 8, 2019
The U.S. Department of Labor issued a long-awaited proposal on Thursday to extend mandatory overtime pay to a million more workers, far fewer than an Obama administration rule that was struck down by a federal judge. Currently, salaried workers are …
March 7, 2019
A Spring, Texas, insurance adjuster has been sentenced for stealing nearly $100,000 from the insurance company where he worked, the Texas Department of Insurance announced. Allen Castillo pleaded guilty after an investigation found he authorized payments to a network of …