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US Probes GM’s Cruise Robocars Over Pedestrian Close Calls
Insurance Journal | October 30, 2023
US Probes GM’s Cruise Robocars Over Pedestrian Close Calls
General Motors’ autonomous vehicle unit, Cruise, is facing multiple federal investigations over its cars’ safety, including two incidents where the robot cars appeared not to yield to pedestrians in crosswalks, according to a U.S. regulator’s letter released on Friday. Cruise …
Insurance Journal | October 30, 2023
October 30, 2023
TOPEKA, Kan. (AP) – Kansas officials are calling a massive computer outage that’s kept most of the state’s courts offline for two weeks a “security incident” and, while they had not provided an explanation as of Wednesday, experts say it …
Lawsuit Alleges Discrimination in Minneapolis Housing Code Enforcement, Targeting Communities of Color
Insurance Journal | October 30, 2023
Lawsuit Alleges Discrimination in Minneapolis Housing Code Enforcement, Targeting Communities of Color
MINNEAPOLIS (AP) – A new lawsuit accuses the city of Minneapolis of discrimination by lax housing code enforcement, especially for rental properties in a part of the city with high populations of people of color. The lawsuit was filed last …
Alera Group Acquires Michigan’s Rick Young Insurance
Insurance Journal | October 30, 2023
Alera Group Acquires Michigan’s Rick Young Insurance
Alera Group announced the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life insurance, Medicare and Medicaid redetermination. Rochester Hills, Michigan-based Rick Young Insurance offers personalized employee benefits services. This includes tailored health …
Biden Signs Sweeping Executive Order Regulating Artificial Intelligence
Insurance Journal | October 30, 2023
Biden Signs Sweeping Executive Order Regulating Artificial Intelligence
President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim. The lengthy executive order, released …
CNA Returns to Black in Q3 With Net Income of $258 Million
Insurance Journal | October 30, 2023
CNA Returns to Black in Q3 With Net Income of $258 Million
CNA Financial reversed a third quarter loss of $42 million in 2022 with net income of $258 million this year on higher investment income, positive underwriting income and lower catastrophe losses. The Chicago-based insurer said the combined ratio in its …
Duke Energy Plans Green Hydrogen Project in Florida
Insurance Journal | October 30, 2023
Duke Energy Plans Green Hydrogen Project in Florida
Electric utility Duke Energy plans to build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida. The new system, a collaboration between Duke, construction management and consulting firm Sargent …
Tennessee DCI Holds Webinar on Changes in Licensing Exam Program
Insurance Journal | October 30, 2023
Tennessee DCI Holds Webinar on Changes in Licensing Exam Program
The Tennessee Department of Commerce and Insurance will host a webinar Thursday, Nov. 2 to cover key changes in the state’s insurance license exam program. The Department said it has teamed up with Pearson VUE, a test administration firm, to …
Insurtech Hippo Lays Off 20% of Employees
Insurance Journal | October 30, 2023
Insurtech Hippo Lays Off 20% of Employees
Insurtech Hippo Holdings said it has “initiated an organizational realignment” by laying off about 120 employees, or 20% of its workforce. The company said in a filing with the U.S. Securities and Exchange Commission on Oct. 26 that it expects …
Texas Supreme Court Hears Arguments in Challenge to Public Adjuster Law
Insurance Journal | October 30, 2023
Texas Supreme Court Hears Arguments in Challenge to Public Adjuster Law
Insurers and the Texas Department of Insurance hope to persuade the state Supreme Court to block a constitutional challenge to a law that prohibits roofing contractors from acting as public adjusters on their customers’ damage claims. The high court heard …