Latest news with #liability
Yahoo
a day ago
- Business
- Yahoo
Hiscox appoints Harriet Turner to lead SML cover
Global specialist insurer Hiscox has appointed Harriet Turner to lead new sexual molestation liability (SML) cover in its London Market business. The new offering will provide coverage for claims related to sexual misconduct within the workplace. Turner's experience encompasses various roles including underwriting at Beazley and managing different classes of business including employment practices liability and private directors and officers. The SML cover is designed to address the specific risks of sexual misconduct allegations for employees, offering a safeguard for global "large organisations" across diverse sectors, including but not limited to health, social care, leisure and financial services. The coverage extends to the costs associated with legal proceedings and any financial settlements or damages awarded during the policy period. Furthermore, Hiscox has partnered with Control Risks, a global risk consultancy, to provide additional services to SML clients. These services include evaluations of the organisation's risk management and compliance strategies before the policy is bound, with recommendations for any necessary enhancements. Turner is scheduled to start her new role within the Hiscox London Market General Liability team in September 2025, operating from the London office. Hiscox London Market's casualty divisional director Colin Buchanan said: 'Expanding into sexual molestation liability broadens out our existing liability offering and responds to an increasing demand for this type of cover from clients and brokers. 'We look forward to welcoming Harriet to the team, whose background in underwriting liability products will establish Hiscox as a go-to market for sexual molestation liability protection.' In June, Hiscox rolled out a new Cargo API solution to facilitate the underwriting process for small cargo and stock throughout risks. "Hiscox appoints Harriet Turner to lead SML cover " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Free Malaysia Today
05-08-2025
- Free Malaysia Today
Developer liable for defects to Subang Parkhomes' common property
The Court of Appeal has affirmed a High Court ruling entering liability judgment in favour of the Subang Parkhomes JMB and for damages to be assessed. (Facebook pic) PUTRAJAYA : The Court of Appeal has unanimously dismissed a developer's appeal, affirming its liability to the joint management body (JMB) of a Subang condominium for loss and damage arising from defects in the common property. A three-member bench chaired by Justice Che Ruzima Ghazali upheld a judgment entered by the High Court in the JMB's favour, saying the ruling was sound both in law and fact. 'We decline to disturb the finding of liability,' said Che Ruzima, who sat with Justices Zaini Mazlan and Shahnaz Sulaiman. Che Ruzima also said the High Court did not commit any error in ordering an assessment of the damages payable. The bench also ordered the developer, Zen Estate Sdn Bhd, to pay costs of RM20,000 to Subang Parkhomes' JMB. The JMB represents some 475 condominium purchasers who had bought their respective units at between RM800,000 and RM1 million. Vacant possession to the units was delivered in 2013 and 2014. Following its formation in 2016 under the Strata Management Act 2013 (SMA), the JMB sought out the developer to hand over all documents to facilitate the management and maintenance of the units and the common property. It subsequently took out an application for discovery and, in 2020, filed a negligence suit against the developer over defects to the common property. The complaints included leaks to the roofs of its penthouses and at the complex's basement carparks, as well as damage to the tiles of its jacuzzi and swimming pools. The JMB also claimed the developer had failed to ensure that all electrical installations complied with the Electricity Regulations 1994. In its defence, Zen Estate contended that the complaint pertained to maintenance and that the 24-month defect liability period had lapsed. Accordingly, it argued that the suit was unsustainable. In the High Court last year, Justice Wong Kian Kheong ruled in the JMB's favour, holding that the loss and damage suffered were reasonably foreseeable. Wong, now a Court of Appeal judge, said the developer was aware that the JMB would eventually be constituted to assume responsibility for maintaining and managing the common property. He said Parliament had via the SMA expressly conferred statutory duties and powers on the JMB to carry out these functions. Wong held that the developer's obligations arose by operation of law and the absence of a contractual relationship with the JMB did not affect its claim. 'This is because the tort of negligence in itself is a cause of action which is independent of any contract between the plaintiff (JMB) and the defendant (Zen Estate),' he said. He also found that loss and damage suffered was reasonably foreseeable. Wong said the defects were attributable to the developer and ordered that damages — including for rectification work already carried out by the JMB — be assessed and paid. He also ordered the developer to compensate the JMB for loss of use and enjoyment of the common property in a sum to be assessed. Lawyers CK Lim, Julian Chan, David Yii and S Hemashantini represented the JMB while Cheryl Tay and Carmen Liao acted for the developer.
CNET
01-08-2025
- Automotive
- CNET
Tesla to Pay $243M After Jury Finds It Partly Liable for Fatal Autopilot Crash
Table of Contents Tesla to Pay $243M After Jury Finds It Partly Liable for Fatal Autopilot Crash A federal jury in Florida has found Tesla to be partly liable for a fatal car crash that occurred in 2019 involving its self-driving feature Autopilot. Elon Musk's electric vehicle company must now pay $243 million in damages as a result of the judgment, multiple reports Friday said. Prosecutors filed charges back in 2022 alleging that the driver didn't brake in time when approaching a T-intersection while driving his Tesla Model S with Autopilot active, and as a result killed two passengers in the car he collided with. A Tesla spokesperson told TechCrunch Friday that the verdict is "wrong" and will "set back automotive safety and jeopardize Tesla's and the entire industry's efforts to develop and implement life-saving technology." Tesla plans to appeal, according to the statement. Tesla didn't immediately respond to CNET's request for comment. In California, Tesla is currently in the courts for another case involving Autopilot, where the state DMV is suing for allegations of false advertising and misleading customers. The California DMV alleges that Tesla is misrepresenting the capabilities of its advanced driver assistance systems by naming them "Full Self-Driving" and "Autopilot," and is seeking a 30-day suspension of Tesla's license to sell vehicles in the state.
Yahoo
01-08-2025
- Automotive
- Yahoo
Tesla must pay $240M+ for deadly 2019 car crash: What to know
A jury found Tesla (TSLA) and its Autopilot driver assistant to be partly liable for a fatal car crash in Florida in 2019. The company has been ordered to pay out over $240 million in damages. Market Domination Overtime host Josh Lipton breaks down the details. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. That's a big blow for Tesla. The company is ordered to pay millions of dollars over a fatal autopilot crash from 2019. A federal court jury finds Tesla's autopilot driver assistance feature was partially liable in the 2019 crash that killed one person and left another injured. In a complicated verdict, the jury found Tesla 33% to blame for that 2019 Florida crash. The jury determined that the Tesla driver was 67% responsible for the crash and awarded 42.5 million to compensate the victims for their losses, as well as 200 million in punitive damage against Tesla. Lawyers for the plaintiffs say that the verdict holds quote, Tesla and Musk accountable for propping up the company's trillion dollar valuation with self-driving hype at the expense of human lives. In 2019, the driver of a Tesla relied on the car's autopilot driver assistance system, when both the driver and the car failed to stop at a red light, driving through an intersection, striking an SUV, and killing a passerby. In a statement issued by Tesla, the electric vehicle manufacturer saying the verdict was wrong, and it plans to appeal the verdict quote, given the substantial errors of law and irregularities at trial. Tesla says the verdict is an attempt to set back the automotive space and autonomous driving. Related Videos IPO market heats up: These 4 names prepare to go public next Trump's economy is looking shaky: What to expect going forward Fed in a 'horrible situation' with dual mandate 'at a crossroads' Microsoft's Q4 report is 'even better than it seems,' analyst says Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Verge
01-08-2025
- Automotive
- The Verge
Tesla to pay more than $200 million in damages after being found partly liable for fatal Autopilot crash
A federal jury in Florida found Tesla partly liable for a deadly 2019 crash involving Tesla's Autopilot driver assist software, according to reports from The New York Times and CNBC. Tesla has been ordered to pay $200 million in punitive damages and about $43 million in compensatory damages, CBS News reports. It's a rare loss in court for Tesla over Autopilot, which has been linked to hundreds of crashes and dozens of deaths by the National Highway Traffic Safety Administration. The company won two jury trials in 2023 resulting from lawsuits alleging that Autopilot was to blame for crashes, and last year, a lawsuit challenging Tesla's claims about Autopilot was dismissed by a federal judge. The loss also comes as Tesla is starting to test its robotaxi service in Austin and Bay Area — though in the latter location, it arguably isn't a robotaxi service just yet. Tesla's Autopilot feature is designed to control a vehicle's steering and brakes; however, some argue that the EV-maker has misled drivers about its cars' capabilities. The California Department of Motor Vehicles, for example, has accused Tesla of falsely advertising its Autopilot and Full-Self Driving capabilities as autonomous driving features. During the trial, which started in July, plaintiffs argued that Tesla's driver-assist software was at fault for causing a crash that killed 22-year-old Naibel Benavides. While driving in Key Largo, Florida, Tesla owner George McGee crashed into Benavides' vehicle after bending over to grab a phone that he had dropped. McGee told the jury he thought Autopilot 'would protect him and prevent a serious crash if he made a mistake,' according to the NYT. 'Today's verdict is wrong and only works to set back automotive safety and jeopardize Tesla's and the entire industry's efforts to develop and implement life-saving technology,' the company said in a statement to the NYT. The company plans to appeal. Posts from this author will be added to your daily email digest and your homepage feed. See All by Jay Peters Posts from this topic will be added to your daily email digest and your homepage feed. See All Electric Cars Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Tesla Posts from this topic will be added to your daily email digest and your homepage feed. See All Transportation
