The U.S. Supreme Court signaled it won’t take up appeals defending Obamacare during the term that ends in June, rejecting requests by Democratic-led states and the House to put the case on a fast track. The appeals, filed separately by …
President Donald Trump said on Wednesday that the United States has a plan in place to contain the coronavirus outbreak. Speaking on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Trump said: “We do have …
U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, …
The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was US$1.19 trillion higher than 2000-2009, said …
Toyota Motor Corp. said on Tuesday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in crashes. The recall, which includes 2.9 million U.S. vehicles, covers 2011-2019 Corolla, 2011-2013 …
IBM called for rules aimed at eliminating bias in artificial intelligence to ease concerns that the technology relies on data that bakes in past discriminatory practices and could harm women, minorities, the disabled, older Americans and others. As it seeks …
Mark Steven Wolf is the new leader of Big I Advantage, replacing Paul Buse who is moving on after more than 21 years with the company. Wolf is now president of Big I Advantage, IIAA Agency Administrative Services, IIAA Membership …
It’s out: the annual report by tort reform advocates of what they say are the nation’s worst local courts and states that are abusing the civil justice system. The report also warns of state courts that did not make the …
A minority-led insurance and reinsurance broker has launched with ambitious goals of achieving $100 million in revenue within five years and having the most diverse workforce in the industry. Protecdiv, based in Philadelphia, is being led by experienced insurance industry …
Tesla Inc. said on Monday there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company’s electric cars over the alleged defect. On …
