Robots, Drones and Driverless Tractors Usher In New Age of Farming
Tractors plow the farm fields without drivers, guided by satellites and iPhones. Solar-powered robots tend to plants on the ground like giant outdoor Roombas, while drones fly overhead spraying the crops. It may sound like science fiction — perhaps Uncle …
People Moves: IMA Financial Names Arons Rosen as Dallas Market President
IMA Financial Group, an independent insurance brokerage and risk management consulting firm, announced that Jordyn Arons Rosen will be its new Dallas Market President, effective July 1, 2024. Arons Rosen will succeed insurance industry veteran Robert Broz, who played a …
Patrick Watkins Receives Drex Foreman Award by IIAT
Watkins Insurance Group announced that Patrick Watkins has been awarded the distinguished Drex Foreman Award by the Independent Insurance Agents of Texas (IIAT). This prestigious accolade recognizes exemplary leadership and significant contributions to the insurance industry. As CEO and majority …
Coverys Launches London Market Insurer, Approved to Write US E&S Business
Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26. Coverys Ltd. is part of Coverys’ dedicated London platforms which include both insurance company and …
Lawsuit Claims Omaha Housing Authority Violated Tenants’ Rights
A federal class-action lawsuit alleges the Omaha Housing Authority continuously violated the legal rights of low-income tenants over the last seven years. Current and former tenants suing OHA claim the public housing provider illegally overcharged them for rent, denied them …
Texas Governor Wants to Double Gas-Plant Fund to $10 Billion
Texas Governor Greg Abbott wants to double a newly created loan program for building gas-fired power plants to $10 billion in order to meet the state’s growing demand for electricity. Voters last year approved the Texas Energy Fund, offering $5 …
Michigan Court Revives Lawsuit Over Woman Found Alive in a Body Bag
DETROIT (AP) — A Michigan appeals court revived a lawsuit against Detroit-area paramedics after a woman who had been declared dead gasped for air with her eyes open when a body bag was unzipped at a funeral home. A judge …
Ryan Specialty Shuffling Continues; McCormack Named CEO of RT Specialty
A day after Ryan Specialty Holdings announced a handful of executive moves following the retirement of founder Patrick G. Ryan, the company continued to promote from within by naming Edward F. McCormack chief executive officer of RT Specialty. McCormack is …
North Carolina, Florida Home Sellers Facing New Flood Disclosure Requirements
As of this week, home sellers in North Carolina must now disclose previous flood damage to properties. And come Oct. 1, Floridians must make similar disclosures, potentially boosting the demand for flood insurance. The North Carolina Real Estate Commission this …
Supreme Court Rejects Challenge to Workplace Safety Agency
The U.S. Supreme Court declined on Tuesday to hear a challenge by an Ohio company to the power of the federal workplace safety regulator as the justices avoided another legal effort to pare back the authority of federal agencies. The …
Delaware Law to Allow Big Investors Greater Sway Over US Corporate Boards
Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. State lawmakers last week approved a bill that gives a …
Japan Insurers Plan to Sell $3.1 Billion Worth of Honda Shares, Reuters Reports
Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1 billion) worth of shares in Honda Motor Co., Reuters reported. Tokio Marine Holdings Inc., Sompo Holdings Inc. and two units …
Right-Wing Political Tilt in Countries Across Globe Will Not Derail Climate Action
A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate efforts as businesses are increasingly locked into green strategies, delegates at London Climate Action Week heard. A big election year, …
China Refines Financial Stability Law to Strengthen Risk Prevention
China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released on Monday. Revisions to the draft bill underwent the second round of review by China’s top legislature, the National People’s …
Scientists Concerned That a Bird Flu Pandemic Is ‘Unfolding in Slow Motion’
Scientists tracking the spread of bird flu are increasingly concerned that gaps in surveillance may keep them several steps behind a new pandemic, according to Reuters interviews with more than a dozen leading disease experts. Many of them have been …
Beryl Becomes Earliest Ever Category 5 Hurricane in Atlantic
Hurricane Beryl has strengthened after becoming the earliest ever Category 5 storm in the Atlantic, with the system heading toward Jamaica with life-threatening winds and heavy rainfall. Maximum sustained winds increased to 165 miles (270 kilometers) per hour with higher …
AI and APIs: Essential Tools for Zurich Insurance Group’s Digital Leap
Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a logical use case for Gen AI’s large language models in providing …
Justice Department to Charge Boeing, Seeks Guilty Plea From Planemaker
The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or taking the risk of going to trial, according to people familiar with the matter. Boeing has until the end of …
Wall Street’s Top Regulator Faces Worsening Battle in Wake of Supreme Court Ruling
The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark …
CDK Expects All Dealers to Be Live by Early July 4
CDK said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July 3 or early morning on July 4. The company, which provides software to car dealerships, had briefly shut down all …
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