Archive for January 2016

Wal-Mart Stores Inc , the world’s largest retailer, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used to commit three murders. The lawsuit, filed in Philadelphia by … Read More Read more here:: Insurance Journal       

California Gov. Jerry Brown declared a state of emergency to protect residents from natural gas that has been leaking from Sempra Energy’s underground storage site near Los Angeles for more than two months. Brown said he was directing state agencies … Read More Read more here:: Insurance Journal       

One of the most important players in the booming drone industry isn’t a hardware manufacturer; it’s the U.S. Federal Aviation Administration. So attendees at the Consumer Electronics Show on Wednesday flocked to hear a policy update from the FAA, which has begun to … Read More Read more here:: Insurance Journal       

Drone operators who want to know if it’s safe and legal to operate their unmanned aircraft in a particular spot learned this week that there’s now an app for that from the government. The Federal Aviation Administration has released a … Read More Read more here:: Insurance Journal       

Corporate legal battles are often decided on nuanced readings of dense statutes, but one recent ruling that could expose scores of U.S. companies to shareholder lawsuits turned partly on a much simpler defense: everybody is doing it. That failed to … Read More Read more here:: Insurance Journal       

General Motors Co. will not use ‘over-the-air’ upgrades, a way of remotely updating software on its vehicles, for safety-critical vehicle systems such as brakes, the automaker’s product development chief said on Wednesday, signaling a different approach from electric car maker … Read More Read more here:: Insurance Journal       

Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more efficient. AIG, which is one of the world’s largest … Read More Read more here:: Insurance Journal       

Swiss Re Corporate Solutions has agreed to buy IHC Risk Solutions and its direct employer stop loss (ESL) business from Independence Holding Co. for $152.5 million in cash. The transaction includes IHC Risk Solutions’ operations, its team of experts and … Read More Read more here:: Insurance Journal       

XL Catlin announced it has made a series of promotions in its energy team, which complete its U.K. and Ireland team of business leaders. Stephen Hawkins has been promoted to global product head for upstream energy, while Luis Prato takes … Read More Read more here:: Insurance Journal