Alphabet’s Waymo to Launch Autonomous Ride-Hailing Service in London in 2026
Alphabet’s Waymo plans to launch its fully driverless ride-hailing service in London in 2026, the robotaxi firm said on Wednesday [Oct. 15], as it looks to expand its footprint to major international cities. Waymo has grown slowly but steadily over …
Energy Transfer Delays Lake Charles LNG Project Decision to 2026
Energy Transfer LP has pushed back its targeted final investment decision for the proposed Lake Charles liquefied natural gas export project in Louisiana to the first quarter of 2026 from the end of this year, according to people familiar with …
Meta Building New Gigawatt-Sized Data Center in Texas
Meta Platforms Inc. is building a new gigawatt-sized data center in Texas to advance its artificial intelligence efforts, the latest in a string of significant investments by the company as it looks to keep pace in the competitive AI industry. …
Trump Bid to Deploy Troops in Chicago Again Denied by Court
A federal appeals court refused a request by the U.S. government to pause a judge’s order that blocked President Donald Trump from deploying National Guard troops to Chicago. A three-judge panel of the 7th U.S. Circuit Court of Appeals on …
Smucker Sues Trader Joe’s in Ohio, Saying New PB&Js Are Too Much Like Uncrustables
The J.M. Smucker Co. is suing Trader Joe’s, alleging the grocery chain’s new frozen peanut butter and jelly sandwiches are too similar to Smucker’s Uncrustables in their design and packaging. In the lawsuit, which was filed this week in federal …
New York Hospital Insurer Files for Bankruptcy, Citing Child Sex Abuse Claims
A Bermuda captive that insured several New York hospitals affiliated with a leading Jewish not-for-profit organization says it is insolvent, citing millions of dollars in child sex abuse claims brought against it under the state’s Child Victims Act (CVA). Northeast …
Chamber of Commerce Sues Over Trump’s $100,000 H-1B Visa Fee
The nation’s largest business lobbying group sued the Trump administration over its changes to the visa system for skilled foreign workers, teeing up a fresh battle between corporate America and the president. The US Chamber of Commerce said in a …
An Unsustainable Trend – Declining P/C Rates and Rising Cost of Risk: Marsh’s Doyle
Property/casualty prices are declining, while the cost of risk continues to rise – a trend that is unsustainable over time, according to John Doyle, president and chief executive officer of Marsh McLennan (MMC). Nevertheless, without significant changes in large loss …
Markets/Coverages: Resilience Expands Tech E&O Coverage for Clients Above $25M
Resilience, cyber risk solutions provider, said it has expanded its appetite for technology errors & omissions (tech E&O) insurance to clients with more than $25 million revenue in the US, GBP50M in the UK and EUR 25M in the EU. …
UK Spy Chief Warns of AI Danger, Though Not Disaster-Movie Doom
AI systems acting without human control could one day pose a security threat, the head of Britain’s MI5 spy agency said on Thursday, although he said he was not predicting doom scenarios as depicted in sci-fi movies. Tech leaders have …
Tesla’s European Regulator Says Door Safety a ‘Key Priority’
Tesla Inc.’s safety regulators in Europe are joining an expanding global effort to more closely scrutinize the door handle design popularized by the world’s leading electric vehicle manufacturer. The Dutch authority RDW, which inspects and approves Tesla’s vehicles for sale …
Italy Plans to Get €11 Billion From Banks, Insurers in 3 Years
Italy’s government coalition has reached an agreement over a complex scheme that would see banks and insurers contributing about €11 billion ($12.8 billion) to its budget over three years. The contribution affecting the financial and insurance sector would be worth …
Vienna Insurance Group Offers to Buy Germany’s Nuernberger Beteiligungs for $1.61B
Vienna Insurance Group (VIG) said late on Thursday that it will acquire all shares of German insurer Nuernberger Beteiligungs AG for 1.38 billion euros ($1.61 billion) in cash. VIG will offer Nuernberger shareholders 120 euros per share, the insurer said …
Can a More Unified Front Be Formed Against Legal System Abuse?
To tell the public what it spends on insurance—an amount largely effected by what it calls legal system abuse—Uber has started to provide information on customers’ receipts. “To give you a sense of how bad the problem has gotten in …
People Moves: Howden US Appoints Clark to Lead Private Risk Solutions; Krupowicz Named Head of Operations
Insurance broker Howden US has appointed Joe Clark as president and Dale Krupowicz as head of operations for its private risk solutions business in the U.S. Clark and Krupowicz will lead the development of Howden’s U.S. private client operations – …
Chinese Freighter Halves EU Delivery Time on Maiden Arctic Voyage to UK
A Chinese container ship has completed a pioneering journey through the Arctic to a UK port, state-run news agency Xinhua reported, cutting in half the usual transit time for the electric vehicles and solar panels aboard destined for Europe. The …
Former NFL Players, Country Singer Lend Names to Georgia-Based Concierge Launch
Two former professional football players, a country music artist and a college athletics administrator have put their names, images and likenesses behind a new, concierge insurance program for high net-worth individuals, athletes, entertainers and businesses. “There were times during my …
Gaps in Awareness of HO Coverage Provides Opportunity for Agents: Survey
Many U.S. homeowners are missing important insurance protections, offering opportunities for agents to educate insureds on increasingly essential coverages. A new survey commissioned by The Hanover Insurance Group found many homeowners are exposed to growing risks, such as lawsuits, cybercrime …
AI-Powered Home Insurance Startup Expands in Risky Florida Market
Stand Insurance has raised $35 million in a Series B funding round to expand its artificial intelligence-powered coverage for homeowners. The company targets insurance markets deemed risky, with policies covering properties valued at a total of $1 billion in wildfire-prone …
15 States Launch Alliance to Bolster Coordination on Public Health
A coalition of 15 U.S. state governors representing more than a third of the country’s population has launched a new bipartisan alliance on Wednesday, aimed at improving public health coordination and emergency preparedness. The Governors Public Health Alliance will serve …