A federal appeals court on June 9 upheld an $11 million verdict against Toyota Motor Corp. over a fatal 2006 car crash in Minnesota, which a jury found was caused by an accelerator defect in a 1996 Camry. A three-judge …
Orland Park, Illinois-based insurance brokerage and risk advisory firm, The Horton Group, has hired Tricia Pucek as chief financial officer. Pucek is responsible for overseeing all corporate accounting, financial reporting and identifying growth opportunities for the agency’s 13 offices located …
The U.S. Supreme Court on Monday ruled in favor of Microsoft Corp. in its bid to fend off class action claims by Xbox 360 owners who said the popular video game console gouges discs because of a design defect. The …
Lawyers for the operator of an Oakland warehouse charged in a fire that killed three dozen partygoers who were packed into the building aired possible defenses on Friday to a prosecution case that legal experts say appears to be strong. …
The insurance company for Spokane County, Wash. will pay $2.25 million to settle a federal civil rights lawsuit that contended the Spokane County Sheriff’s Office engaged in witness-tampering and recklessness to wrongfully convict three men for a 2008 robbery. Spokane …
A major fire broke out and burned for hours at a company that produces cleaning chemicals in Anaheim, Calif., leaving three people injured. Anaheim fire officials say the blaze was reported shortly after 3 p.m. at American Chemical and Sanitary …
A magnitude-5.3 earthquake shook Hawaii’s Big Island, the U.S. Geological Survey confirmed. No damage was reported in the quake, which the USGS said was centered about 11 miles (18 kilometers) southeast of Volcano town on the state’s southernmost island at …
As more bots handle claims and perform underwriting tasks, should human employees be concerned? Human industry experts say there’s no need to worry. Insurers in the U.S. and overseas are exploring the use of chatbots in their operations. According to …
Kacy Campion Renna of Wall Township, N.J., was elected president of the Professional Insurance Agents of New Jersey (PIANJ) at the association’s annual business meeting at Harrah’s Resort and Casino in Atlantic City, N.J. PIANJ is a trade association representing …
Chubb said it is now offering increased insurance capacity of up to US$150m/ €150m (previously US$100m/ €100m) for terrorism, political violence and war risks in response to evolving threats and increased demand from multinational clients. The new increased capacity will …
