Yearly Archives: <span>2023</span>

South Carolina Supreme Court Clarifies Law on Uninsured Motorists, Liquor Liability

The South Carolina Supreme Court on Wednesday handed down three opinions that resolve two questions about insurance law. One decision will probably disappoint auto insurers; another will please carriers in the liquor liability line. In two separate decisions, the high …

Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices

Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. “I think we can at least …

Arkansas Sues TikTok, Meta Over Child Safety, Privacy Claims

LITTLE ROCK, Ark. (AP) – The state of Arkansas sued TikTok and Facebook parent Meta on Tuesday, claiming the social media companies were misleading consumers about the safety of children on their platforms and protections of users’ private data. The …

Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses

The Philippines is readying an insurance plan that will protect the Southeast Asian nation from infrastructure losses caused by natural disasters, seeking to better respond to climate change risks. The government will put in place a national indemnity insurance program …

At Trial, Minnesota Says Juul Targets Kids

MINNEAPOLIS (AP) – Minnesota Attorney General Keith Ellison personally opened his state’s case against Juul Labs on Tuesday, accusing the e-cigarette maker of using “slick products, clever ads and attractive flavors” to hook children on nicotine as the first of …

BHP Group Seeks to Delay $44B Brazil Dam Court Case in London

Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst environmental disaster as it needs more time to prepare, the company’s lawyers said on Wednesday. The world’s biggest miner by …

Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal

A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she wants to retrain as a Baptist pastor. …

Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure

The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve supervisors and other regulators, the banking system’s top cop on Wednesday told U.S. lawmakers demanding answers for the lender’s swift collapse. “I think that any …

Ex-Tesla Worker Testifies That Race Bias Made Him ‘Feel Less Than a Man’

A Black former elevator operator at Tesla Inc’s TSLA.O flagship California assembly plant became emotional testifying at a trial on Wednesday about the psychological toll exacted on him by a torrent of racial slurs, threats and other workplace incidents. The …

AI Leaders Urge Labs to Halt Training Models More Powerful Than ChatGPT-4

Artificial intelligence experts and industry leaders, including Elon Musk, University of California Berkeley computer science professor Stuart Russell and Apple Inc. co-founder Steve Wozniak, are calling on developers to hit the pause button on training powerful AI models. More than …