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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
