National News

Fiat Chrysler to Settle U.S. Investor Claim Over Diesel, Safety Issues for $110 Million

Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show. The company said in …

Bedbugs Join Dogs, Deer, Birds, Cats in Keeping Insurance Claims Folks Up at Night

Dogs remain the undisputed champions at generating insurance claims, while deer, birds and cats are contributing their share of mayhem as well. But according to a review of 470,000 insurance claims over five years by Allianz Global & Specialty, bedbugs …

How to Keep Big Pharma from Winning Drug Price Wars: Joe Nocera

Robin Feldman is a law professor at the University of California Hastings with a particular expertise in antitrust and patent issues. She is also one of those professors who are unusually good at explaining complex issues in terms laymen (like …

Meeting Between Regulators, Employees Helped Set Stage for Wells Fargo CEO Exit

The day after former Wells Fargo & Co. Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s high-pressure culture, Federal Reserve officials met privately with bank employees. At the meeting on March 13, which has not been …

Insurers Pitch Quick-Paying Parametric Disaster Insurance to Public Sector

Some of the world’s largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The catch: Even a hurricane might not be extreme …

Uber, Before IPO, Joins Others in Adjusting Timeline for Driverless Cars

Uber Technologies Inc. expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment, a senior scientist said on Monday, as the ride-sharing firm gears up to go public. Raquel Urtasun, …

Doctor, Early Advocate for Opioids, to Testify Against Drug Makers: Reuters

A physician ally of Purdue Pharma LP whose views helped drive the explosive growth in the use of addictive pain relievers for common aches and pains in the United States has agreed to testify against the OxyContin maker and other …

Starr Appoints Capitano to Lead Primary General Casualty-Risk Management

Starr Insurance Companies has named Carmella Capitano, senior vice president, as head of primary general casualty-risk management and excess casualty. In this new role, Capitano will lead a team serving organizations with revenues of $400 million or more. She will …

AIG Offers to Settle 7 Defamation Claims Against Cosby; Comedian Asserts Innocence

American International Group, acting under a homeowner’s insurance policy it issued for comedian Bill Cosby, has settled defamation claims filed by seven women against the entertainer. Terms of the settlements were not disclosed in the court documents filed by the …

MIT Researcher Exposing Bias in Facial Recognition Tech Triggers Amazon’s Wrath

Facial recognition technology was already seeping into everyday life — from photos on Facebook to police scans of mugshots — when Joy Buolamwini noticed a serious glitch: Some of the software couldn’t detect dark-skinned faces like hers. That revelation sparked …

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