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Archive: December 2023

Toyota’s Daihatsu Unit to Halt All Vehicle Shipments, in Widening Safety Scandal
Insurance Journal | December 20, 2023
Toyota’s Daihatsu Unit to Halt All Vehicle Shipments, in Widening Safety Scandal
Toyota Motor’s Daihatsu unit will halt shipments of all of its vehicles, Japan’s biggest automaker said on Wednesday, after a safety scandal investigation found issues involving 64 models, including almost two dozen sold under Toyota’s brand. An independent panel has …
Artificial Intelligence Can’t Be Named as Inventor for Patents: UK Top Court
Insurance Journal | December 20, 2023
Artificial Intelligence Can’t Be Named as Inventor for Patents: UK Top Court
Artificial intelligence programs can’t be named as an inventor for patents, the UK’s top court said in a crucial ruling that’s in line with decisions in the US and the European Union refusing to put machines on a near-equal footing …
Shipping Insurance for Red Sea Transit Soars After Mounting Houthi Attacks
Insurance Journal | December 20, 2023
Shipping Insurance for Red Sea Transit Soars After Mounting Houthi Attacks
The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the region forced some ships to avoid the vital waterway, underscoring the need to secure an area that’s pivotal to global …
Rite Aid Agrees to Mediation With Opioid Victims, Creditor Panel
Insurance Journal | December 20, 2023
Rite Aid Agrees to Mediation With Opioid Victims, Creditor Panel
Bankrupt pharmacy chain Rite Aid Corp. agreed to begin court-supervised mediation with lower ranking creditors, including groups that blame the company for contributing to America’s opioid addiction crisis. The company, backed by senior lenders, will negotiate with unsecured creditors about …
Tesla Moves to Pause EEOC Lawsuit Alleging Race Bias at Factory
Insurance Journal | December 20, 2023
Tesla Moves to Pause EEOC Lawsuit Alleging Race Bias at Factory
Tesla Inc has asked a U.S. judge to pause a federal agency’s lawsuit accusing the electric carmaker of severe harassment of Black workers at its California assembly plant, saying two similar cases should play out first. Tesla, in a filing …
Southerners Rekindling ‘Fire Culture’ to Boost Longleaf Pine Range
Insurance Journal | December 20, 2023
Southerners Rekindling ‘Fire Culture’ to Boost Longleaf Pine Range
WEST END, N.C. (AP) — Jesse Wimberley burns the woods with neighbors. Using new tools to revive an old communal tradition, they set fire to wiregrasses and forest debris with a drip torch, corralling embers with leaf blowers. Wimberley, 65, …
Alex Jones Offers Sandy Hook Families $55 Million Over 10 Years
Insurance Journal | December 20, 2023
Alex Jones Offers Sandy Hook Families $55 Million Over 10 Years
Conspiracy theorist Alex Jones` latest bankruptcy plan would pay Sandy Hook families a minimum total of $55 million over 10 years, a fraction of the $1.5 billion awarded to the relatives in lawsuits against Jones for calling the 2012 Newtown …
People Moves: Crest in Arizona Names Connell Agency President
Insurance Journal | December 20, 2023
People Moves: Crest in Arizona Names Connell Agency President
Crest Insurance Group promoted Tom Connell to agency president. Connell, based in Scottsdale, Ariz., joined the agency in 2012. He previously served as the agency’s senior vice president. He will also continue his role as a broker. Former president JB …
Texas Supreme Court Declines to Revive Billionaire’s Defamation Suit Against Beto O’Rourke
Insurance Journal | December 19, 2023
Texas Supreme Court Declines to Revive Billionaire’s Defamation Suit Against Beto O’Rourke
The Texas Supreme Court said Friday it would not consider Republican megadonor Kelcy Warren’s defamation lawsuit against former Democratic gubernatorial candidate Beto O’Rourke after a state appeals court dismissed it earlier this year. The all-GOP court denied Warren’s petition for …
People Moves: Tate Appointed Aspen’s Inland Marine – Head of Product & Underwriting
Insurance Journal | December 19, 2023
People Moves: Tate Appointed Aspen’s Inland Marine – Head of Product & Underwriting
Aspen Insurance Holdings Limited, headquartered in Hamilton, Bermuda, appointed Michael Tate to the newly created role of inland marine – head of product & underwriting. Tate will be based in Chicago, Ill. Before Aspen, Tate served as chief underwriting officer …