1 month ago
Donald Trump lost another bid to move a challenge to his New York criminal fraud conviction to a federal court as a judge said that payments to an adult film star don’t constitute an official act that would be covered …
Admin
1 month ago
The US Federal Trade Commission has been investigating whether Alphabet Inc.’s YouTube violated consumer protection laws when it suspended the accounts of users, according to people familiar with the probe. The antitrust and consumer protection agency has been probing YouTube …
Admin
1 month ago
Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at least $350 million in new loans if it heads into Chapter 11 bankruptcy, according to people familiar with the matter. …
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1 month ago
Quincy, Massachusetts-based Arbella Insurance Group has opened a Bedford, New Hampshire commercial lines office. The Bedford office gives Arbella its first official brick-and-mortar presence in the state, which the insurer says reflects the company’s growing New Hampshire business and its …
1 month ago
Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system, saying the technology could change the speed, scale and economics of an attack. …
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1 month ago
Inside a training center in southern China, more than 100 humanoid robots stand in neat rows. A dozen human trainers wearing headsets guide some of them through simple tasks – sorting crates, packaging noodles, making coffee. The humanoids are slow …
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1 month ago
When the typical Michigan home was built, Richard Nixon was president, US forces were withdrawing from Vietnam and “The Exorcist” would become the year’s highest-grossing film. While pop culture has changed dramatically since 1973, much of the state’s housing stock …
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1 month ago
In 2023, the Texas Legislature unanimously passed a law raising auto insurance costs for Texans by $1 to combat rampant catalytic converter theft. Three years later, a little-known state agency has devoted at least $30 million of that fee toward …
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1 month ago
Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their policies. Leading AI developers OpenAI, Anthropic and Meta …
Admin
1 month ago
Major tech companies including OpenAI, Anthropic, Microsoft, Alphabet and Amazon are calling for a society-wide defensive surge to defeat what they describe as an impending wave of hacks driven by artificial intelligence. In a joint letter issued Thursday, the companies …
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1 month ago
The downfall of an Australian property developer that borrowed heavily from non-bank lenders is stoking fears that cracks are starting to emerge in the nation’s A$200 billion ($144 billion) private credit market. Bathla Group, a major property developer in Sydney, …
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1 month ago
A Florida grand jury found that Republican Gov. Ron DeSantis’ administration “misappropriated” $10 million in taxpayer money it diverted to a charity connected to his wife, but the grand jury declined to file criminal charges due to a lack of …
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1 month ago
The Tampa Bay Rays won county approval Friday on a financing plan that will allow them to build a new stadium, a day after city officials approved their part for the $2.3 billion ballpark project that will replace the domed …
1 month ago
The Oregon Division of Financial Regulation is extending its order for insurers to suspend cancellations and nonrenewals for residents impacted by wildfires. The DFR issued a wildfire emergency order and bulletin in late July that was to expire. However, DFR …
1 month ago
A judge has granted a hearing to explore claims that a man wants to recant allegations of sexual abuse years ago by Penn State assistant football coach Jerry Sandusky. Sandusky, 82, has been serving a decades-long prison sentence since he …
Andrew G. Simpson
1 month ago
Aon plc early Monday confirmed a definite agreement to buy USI Insurance Services from private equity firm KKR for $17 billion. Aon said the deal bolsters its goal to target the U.S. middle market segment, building upon its 2024 acquisition …
Chad Hemenway
1 month 1 week ago
Some Illinois e-bike riders will need to carry insurance starting in 2027 under a law signed this week by Governor JB Prtizker. The new law requires riders of e-bikes and e-motors capable of traveling over 28 mph to have a …
Ezra Amacher
1 month 1 week ago
The Ross Fire has grown into one of the largest wildfires in the Dallas-Fort Worth area’s recorded history, scorching 85,000 acres across Palo Pinto and Jack counties in just three days. The fire, which began Monday near Palo Pinto, grew …
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1 month 1 week ago
Farm cooperative CHS Inc. and fertilizer producer OCP North America are proposing a $450 million phosphate fertilizer plant in Louisiana, bolstering domestic supplies as global conflicts have increasingly thwarted the flow of foreign crop nutrients. The proposed plant in Waggaman, …
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1 month 1 week ago
Inszone Insurance Services announced the acquisition of Aviza Insurance Agency. The acquisition expands Inszone’s footprint in Michigan, welcoming a respected, community-rooted agency with deep expertise in farm, agribusiness, commercial, personal lines, and benefits into the Inszone network. Founded in 1966 …