Air France and Airbus clashed over the role of pilots in a mid-Atlantic crash that killed 228 passengers and crew more than 16 years ago as the two companies fought corporate manslaughter charges at the climax of an eight-week appeal trial on Thursday [Nov. 27]. The rift emerged in closing arguments after prosecutors reiterated demands … Read more
A jury in Newport News, Virginia, has awarded $10 million to a teacher who was shot by a 6-year-old student. Abby Zwerner, who was shot in January 2023 in her first-grade classroom, originally asked for $40 million against a former assistant principal, Ebony Parker. In her lawsuit, Zwerner accused Parker of failing to investigate or … Read more
Pennsylvania Gov. Josh Shapiro and leaders of Philadelphia’s mass transit agency said Monday that the system is fully complying with federal orders to take measures to help prevent fires in an aging electric railcar model that is heavily used in its regional rail fleet. The October order from the Federal Railroad Administration came after federal … Read more
Insurers in the UK detected £1.16 billion (US$1.5 billion) worth of fraudulent insurance claims in 2024 – a 2% increase from £1.14 billion reported during the previous year, according to the Association British Insurers. Insurers uncovered at least 98,400 fraud-related claims in 2024, a 12% rise from 88,100 in 2023, said the London-based trade association … Read more
OpenAI defended itself against a lawsuit accusing ChatGPT of coaching a 16-year-old to kill himself, saying the chatbot directed the teenager to seek help more than 100 times. In a court filing Tuesday, the artificial intelligence startup called the death of California high school student Adam Raine “a tragedy” and said a “full reading of … Read more
Trafigura lawyers accused Prateek Gupta of having had a history of fraudulent dealings before he allegedly organized a $600 million metals scam with the commodity group, as the Indian businessman gave evidence for the first time on Wednesday. Gupta acknowledged he was being investigated for fraud in India, but denied the allegations as he took … Read more
A lack of bad weather isn’t always a good thing. It looks like the 2025 Atlantic hurricane season is wrapping up in quiet fashion—aside from Hurricane Melissa, which caused catastrophic damage in Jamaica before impacting the surrounding area—without any U.S. landfalls. There are several factors that influenced the tame season, including a weaker Bermuda High … Read more
Shares of China Taiping Insurance Holdings fell as much as 8% on Thursday [Nov. 27] on concerns about its coverage exposure of more than $200 million to a Hong Kong apartment complex where a huge fire killed at least 55 people, with nearly 300 missing. The tightly packed Wang Fuk Court in the Asian financial … Read more
With a combined ratio of 89.1 for third-quarter 2025, the U.S. property/casualty insurance industry had its best quarter in at least a quarter of a century—and maybe longer, S&P Market Intelligence said. In a research report titled, “For U.S. P/C insurers, it just doesn’t get any better than this,” analysts Tim Zawacki and Husain Rupawala … Read more
Specialist insurer CFC said it has a new tool available to brokers worldwide to help facilitate client conversations and unlock new streams of SME cyber clients. CFC said its new bite-sized Cyber Threat Review reports hone in on the real threats that any one business actually faces. Cyber Threat Reviews provide brokers with a side-by-side … Read more