Monthly Archives: <span>June 2019</span>

Intel’s Mobileye Aims to Launch Trial of Self-Driving Cabs on Israeli Roads in 2020

Intel Corp.’s Mobileye NV unit expects to launch a trial of robo-cabs next year in Israel, the company told Bloomberg News on Sunday [June 16]. Intel Chief Executive Officer Bob Swan rode a Mobileye autonomous car through Jerusalem congestion Sunday …

Billions at Stake from Opioid Suits but Damages Unlikely to Top $200B Tobacco Windfall

An Oklahoma case, the first of more than 1,600 lawsuits filed by U.S. state and local governments against opioid makers to go to trial, could serve as a key benchmark for governments hoping to recoup costs associated with the public …

Walmart Agrees to Pay $282 Million to End 7-Year Global Bribe Investigation

Walmart Inc. agreed to pay $282 million in penalties and a Brazilian unit admitted to violating a U.S. anti-bribery law, providing a relatively subdued ending to a seven-year investigation that spanned the globe and at one point looked poised to …

2 Ex-AIG Employees Win $10M in France, Ahead of Separate $100M Bonus Case in UK

Two former American International Group Inc. employees won awards totaling about $10 million after French judges chastised the insurance giant for trying to block the payment of bonuses they’d already earned to cover for its huge losses. The Paris court …

AIR Worldwide Releases Update of New Zealand Earthquake Model

Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated earthquake model for New Zealand. This model incorporates the latest scientific research after the 2010–2011 Canterbury earthquake sequence, the 2016 Kaikoura earthquake, and earthquakes worldwide to provide …

Tesla’s Autopilot System Confuses Drivers About Extent of Automation: Safety Report

Automakers including Tesla Inc. are stoking confusion among motorists by choosing names for their automated-driving systems that wrongly suggest they’re more capable than is actually the case, according to the Insurance Institute for Highway Safety. Almost half of respondents to …

Canada’s Desjardins Blames Employee for Leak of Personal Details of 2.9M Customers

Desjardins Group, the largest financial co-operative in North America, said an “ill-intentioned” employee illegally exposed the personal information of some 2.9 million credit union members in one of Canada’s largest data leaks. Laval police alerted the Quebec-based institution on June …

Ghost of Harvey Looms Large as 2019 Hurricane Season Gets Underway

Compared with 2017, last year’s hurricane season was a relatively quiet one for the Gulf Coast states of Louisiana and Texas, with major U.S. storm systems such as Hurricanes Michael and Florence staying well to the east, impacting Florida and …

Subrogation Waiver in Construction Contract Upheld by Wisconsin Court

A subrogation waiver in a construction contract blocks an insurer’s claim against a contractor whose alleged shoddy construction caused the collapse of a barn that cost more than $600,000 to replace, the Wisconsin Supreme Court ruled in a split decision. …

EPIC Adds 5 to Employee Benefits Team in Houston

EPIC Insurance Brokers and Consultants, a retail property/ casualty insurance brokerage and employee benefits consultant, has added Principal Ed Oravetz, Principal Keith McNeely, Principal David Potts, Client Executive Elisha Johnson and Client Manager Marilu Alejandre to its employee benefits consulting …