Monthly Archives: <span>January 2023</span>

Tesla Video Promoting Self-Driving Was Staged, Engineer Testifies

A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior …

Insurance 101: Understanding Catastrophe Bonds (CAT Bonds)

This post is part of a series sponsored by AgentSync. Since the mid ’90s, insurers have used catastrophe bonds (CAT bonds) to provide a financial safety net in response to cataclysmic events like hundred-year floods, category four and five hurricanes, …

CoreLogic’s Mission Possible: Putting Collaboration at the Forefront of our 2023 Vision

This post is part of a series sponsored by CoreLogic. It is the beginning of a new year when anything feels possible. People are committing to new goals to better themselves, and businesses are executing new strategies to realize greater …

Purmort & Martin Buys Lovinger Agency in Tampa

Purmort & Martin Insurance Agency, one of the oldest agencies in the Sarasota, Florida, area, is expanding with the acquisition of Tampa-based Lovinger Insurance. Lovinger is a property-casualty agency serving policyholders in Hillsborough and Pinellas counties, the company said in …

Insurers Do Not Have to Defend in Opioid Litigation, Federal Appeals Court Finds

Two insurance carriers have no duty to defend or to indemnify Quest Pharmaceuticals in lawsuits brought over the drug distributor’s role in the opioid crisis, a federal appeals court decided last week. The opinion could bolster U.S. insurers’ arguments that …

World Insurance, Kin Make Moves in Florida, South Carolina

New Jersey-based World Insurance Associates has acquired Volaris Insurance Group of Tampa. World Insurance, one of the larger brokerages in the United States, said in a statement that Volaris will expand the broker’s presence in Florida. Volaris provides business insurance, …

Banker’s Heirs Sue Japanese Insurer Over Van Gogh’s ‘Sunflowers’

Vincent van Gogh’s Sunflowers painting should be returned to the family of its former owner by Sompo Holdings Inc., the Japanese insurer that bought the famous artwork despite its tainted Nazi-era past, according to a lawsuit filed by the heirs. …

Pennsylvania Mail Carrier Case Tests ‘Reasonable Accommodation’ for Religion

The U.S. Supreme Court on Friday agreed to hear an appeal by an evangelical Christian former mail carrier in Pennsylvania who accused the U.S. Postal Service of religious bias after being reprimanded for refusing to deliver packages on Sundays. The …

Tesla Under Fire in Germany Over Union Concerns on Worker Safety, Contracts

BERLIN, Jan 16 (Reuters) — Tesla has come under fire from German union IG Metall and politicians over allegations by workers of unreasonable working hours and fears over speaking out at its Brandenburg plant, with some calling for inquiries into …

Guns Are Focus of Virginia Annual Lobbying Day

Gun-control and gun-rights proponents rallied Monday at the Virginia Capitol during an annual day of advocacy, as lawmakers from both parties offered a tempered assessment about what’s possible on the issue during this year’s legislative session. Some Republicans and allied …