INSURANCE NEWS
Business Lobby Struggles to Thwart SEC Cybersecurity Disclosure Rules
Business lobbyists are struggling to soften new US Securities and Exchange Commission rules that require publicly traded companies to quickly disclose cybersecurity breaches. The Justice Department is planning to issue guidance by December on how firms can get exemptions fromthe …
Tesla Investors to Get About $12,000 Apiece in Musk’s SEC Deal
A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share …
Why Is Japan Releasing Treated Radioactive Water and Is it Safe?
Japan began pumping more than a million metric tons of treated radioactive water from the destroyed Fukushima Daiichi nuclear power plant on Thursday, a process that will take decades to complete. The water was distilled after being contaminated from contact …
Two British Teens and Their Audacious Hack of Nvidia, Grand Theft Auto and Uber
At 9 p.m. on Sept. 22 last year, a group of City of London police officers waited outside room M15 at the Travelodge Bicester, a one-star budget hotel in Oxfordshire, England, for the right moment to bust in. On the …
Another Metals Trading House Says It Has Been Hit by a Nickel Fraud
Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble. The latest example, detailed in lawsuits in London and Singapore, is separate from the $600 million alleged fraud …
Wildfires Ravage Louisiana Amidst Record Heat and Drought
BATON ROUGE, La. (AP) – Hundreds of wildfires are burning in Louisiana, as triple-digit temperatures continue to scorch parts of the state amid little chance of relief because of the lack of rain in the forecast. While many of the …
Tornado Cash Founders Charged by US in Money Laundering Scheme
Two founders of Tornado Cash, a cryptocurrency mixing service that has been under scrutiny by various US agencies for more than a year, were charged with helping launder more than $1 billion for clients that included a North Korean cybercrime …
US Sues SpaceX, Alleges Hiring Discrimination Against Asylum Seekers, Refugees
The U.S. Justice Department sued Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum seekers and refugees in hiring. “The lawsuit alleges that, from at least September 2018 to May 2022, SpaceX routinely discouraged asylees …
Michigan Court of Appeals Upholds Decision Striking Down State Water Rules on PFAS Chemicals
DETROIT (AP) – The Michigan Court of Appeals has upheld a decision striking down state water rules designed to limit exposure to household and industrial chemicals known as PFAS, which are commonly referred to as forever chemicals. The rules, however, …
How Aerial Imagery and AI are Helping Florida’s Insurers with Climate Change and Fraud
Residents of Southeastern states like Florida will be looking ahead to the heart of hurricane season with trepidation. With climate change bringing storms that are wetter, slower and more prone to intensifying rapidly, insurers are struggling to assess risk and …
Five Hurt, One Critically, When Wall Collapses at Construction Site
One person was critically injured and four others were hurt when a wooden wall at a home under construction in Massachusetts collapsed on them Wednesday morning, authorities said. The construction workers were trapped in the collapse in Bedford at about …
Deadly Heat Wave Sweeps Central US, Threatening Power Grid and Straining Resources
AUSTIN, Texas (AP) – Deadly heat that has gripped Texas for much of the summer has spread into other parts of the central U.S. this week where it is forecast to stay for days, with triple-digit temperatures buckling roads, straining …