Insurance
Governor Calls on Flood-Weary Vermonters to ‘Stick Together’
Vermont’s governor said Wednesday that the latest storms to hit the state have undone much of the cleanup and recovery work from its last major bout of flooding only weeks ago, and he called on residents to “stick together” amid …
Read More AI Startup Suno Says Music Industry Suit Aims to Stifle Competition
AI music startup Suno is pushing back against the world’s biggest record labels, saying in a court filing that a lawsuit they filed against the company aims to stifle competition. In a filing Thursday in federal court in Massachusetts, Suno …
Read More Orion180 Launches Homeowners Insurance in Ohio
Orion180 has announced its expansion into the Buckeye State. According to a press release, the company now offers homeowners insurance services and coverage in Ohio through Orion Select Insurance Co., Orion180’s admitted insurance carrier. Orion180 also operates in Alabama, Arizona, …
Read More Hong Kong Hits AIA With Record Fine for Anti-Money Laundering Lapses
AIA Group Ltd. was subject to a record fine of HK$23 million ($2.9 million) by the Insurance Authority for anti-money laundering oversight, as the city’s regulators steps up scrutiny of the industry. An on-site inspection by the regulator found “technical …
Read More Tesla Registers Insurance Brokerage in China, National Corporate Database Shows
Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to gain approval to sell insurance products in the …
Read More Suspected Chinese Hackers Hit Taiwanese Research Center
A hacking group believed to be linked to the Chinese government stole passwords and documentsfrom a Taiwanese government-affiliated research center that specializes in computing, cybersecurity researchers at Cisco Systems Inc. said Thursday. The attackers used a kind of malicious software …
Read More BNP Paribas in Talks to Buy AXA Investment Managers for €5.1 Billion
BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro zone’s biggest bank said on Thursday. For BNP, such …
Read More Microsoft Azure Attack Shows Persistence of Blunt Hacking Tool
The recent outage on Microsoft Corp.’s cloud-computer platform demonstrated the persistence of an older, blunt-force style of cyberattack. It’s called a distributed denial-of-service attack, DDoS for short, and it works by directing massive amounts of junk internet traffic at a …
Read More ‘Impossible’ Weather Increasingly Blamed on Climate Change
Today may be the day when the impossible becomes possible—based on the number of headlines in recent days saying pretty much that. A slew of recent articles this week focus on studies and research reporting on how unlikely the weather, …
Read More Apple Asks Judge to Toss Antitrust Lawsuit
Apple on Thursday asked a U.S. judge to dismiss a lawsuit by federal and state antitrust regulators accusing it of illegally monopolizing the smartphone market, saying the case would have a judge redesign its popular iPhone. The Justice Department, 19 …
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