Insurance
OpenAI Says Musk’s xAI Filed Secrets Suit to ‘Bully’ Ex-Workers
OpenAI Inc. says a lawsuit accusing it of stealing technology from xAI is just Elon Musk’s latest attempt to distract attention from the failures of his own generative artificial intelligence company. “Unable to match OpenAI’s innovation, xAI has filed this …
Read More White Mountains Insurance to Sell Unit to CVC in $1.75 Billion Deal
White Mountains Insurance said on Friday it would sell a controlling interest in insurance distribution platform Bamboo to European private equity firm CVC in a deal that values the company at $1.75 billion. Shares of Hamilton, Bermuda-based White Mountains jumped …
Read More More NC Outer Banks Homes Collapse into Surf as Hurricanes Stay Far Offshore
Six unoccupied houses along North Carolina’s Outer Banks have collapsed into the ocean as Hurricanes Humberto and Imelda rumble in the Atlantic, the latest private beachfront structures to fall as sea levels rise due to global warming. Five of the …
Read More Howden Acquires Insurance Broker Gott & Wynne in North Wales
Howden, the London-based insurance intermediary group, announced the acquisition of Gott & Wynne Ltd., a property-casualty insurance broker based in Llandudno, North Wales, specializing in both personal and commercial lines. This acquisition gives Howden its first branch in North Wales …
Read More Georgia Farmers Should Get $531M in Helene Aid But the Deal’s Not Done Yet
The wait continues for Georgia farmers who need more aid after Hurricane Helene, even as state and federal officials in other states announce agreements. The U.S. Department of Agriculture and Georgia Agriculture Commissioner Tyler Harper this week announced Georgia farmers …
Read More Trump Halts $2 Billion for Chicago Transit in Shutdown Play
White House Budget Director Russell Vought announced the withholding of more than $2 billion for transportation projects in Chicago, the latest move by the Trump administration to use the shutdown as leverage to shrink the federal government. Vought said in …
Read More Large Fire Erupts in Jet Fuel Unit at Chevron’s LA Refinery
A large fire erupted in a jet fuel production unit at Chevron’s El Segundo refinery near Los Angeles on Thursday, disrupting supply in California’s isolated energy market. Chevron’s second-biggest refinery in the United States, the El Segundo facility supplies a …
Read More Blast Blew 20-Story Chunk Out of Bronx Apartment Building
An explosion at a New York City apartment building blew off a massive chimney that ran up the side of the high-rise, leaving residents to wait for clearance to return to their apartments as officials investigate what caused the blast. …
Read More Two Delta Jets Collide While Taxiing at New York’s LaGuardia Airport
Two Delta Air Lines Inc. regional jets collided at low speed while taxiing at New York’s LaGuardia Airport on Wednesday night, causing minor injuries to one flight attendant and prompting regulators to open an investigation. Both planes were CRJ-900 aircraft …
Read More Net-Zero Banking Alliance Folds After Mass Exodus by Members
The Net-Zero Banking Alliance is to cease operations after a vote to wind up the group which had already lost many of its members amid allegations from some U.S. lawmakers that membership breached antitrust regulations. The alliance, set up in …
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