Wildfires tore through the Hawaiian island of Maui, killing at least 55 people and charring parts of the island. The historic town of Lahaina, a popular tourist destination, has been devastated.
Author: Annie George
Global Insurance M&A Activity Experiences Sharp Drop in H1 2023: Clyde & Co
The global insurance industry has experienced a significant decline in mergers and acquisitions (M&A) during the first half of 2023, according to Clyde & Co’s Insurance Growth Report mid-year update.
NOAA Forecasters Increase Atlantic Hurricane Season Prediction to ‘Above Normal’
Scientists at NOAA’s Climate Prediction Center have increased their prediction for the ongoing 2023 Atlantic hurricane season from a near-normal level of activity to an above-normal level of activity with today’s update.
Cruise, Waymo Get Approval to Expand Driverless Vehicles in San Francisco
The California Public Utilities Commission, which regulates passenger transportation, voted on Thursday to allow Cruise, majority owned by General Motors and Waymo, part of Google parent Alphabet, to deploy more vehicles in San Francisco and to start charging for rides at all times.
Tutoring Firm Settles EEOC’s First Bias Lawsuit Involving AI Software
A China-based tutoring company has agreed to settle a U.S. government agency’s novel lawsuit claiming it used hiring software powered by artificial intelligence to illegally weed out older job applicants.
Severe Thunderstorms Account for Up to 70% of All Insured Natural Catastrophe Losses in H1 2023: Swiss Re
A series of widespread thunderstorms (severe convective storms) hit the US and account for 68% of global insured natural catastrophe losses in the first half of 2023, highlighting the increasing loss impacts of secondary perils.
Death Toll Climbs to at Least 36 in Maui Wildfires
At least 36 people have been killed in the wildfires that tore through the Hawaiian island of Maui, county officials said late Wednesday night, making it one of the country’s deadliest fires in years.
Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion
Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp, personal texts or email to conduct business — the latest in US regulators’ crackdown on Wall Street’s failure to keep records.
FRA, OSHA Call on Norfolk Southern to Review Safety Practices
Improving communication and training as well as fostering trust between the company and its workers are some of the areas where Norfolk Southern could do better, according to a Wednesday report from the Federal Railroad Administration assessing the eastern U.S. Class I railroad’s safety culture.
Jim Schoonover Selected as New Education Director for Motor Carrier Insurance Education Foundation (MCIEF)
The Motor Carrier Insurance Education Foundation (MCIEF) is pleased to announce the appointment of Jim Schoonover as its new Education Director.