The U.S. National Highway Traffic Safety Administration said on Thursday it has opened a preliminary probe into 114,922 Rivian vehicles over an issue with the rear toe link. The issue relates to the company’s R1S and R1T electric vehicles. The …

Palm Beach can count on its billionaires to keep picking up the tab for schools, firefighters and parks if Florida slashes property taxes. Many other local governments will have a tougher time making up the difference. After more than a …

A U.S. appeals court on Thursday overturned a $59 million verdict that medical device maker Insulet won against Korean rival EOFlowfor allegedly stealing trade secrets related to its insulin-pump technology. The Washington-based U.S. Court of Appeals for the Federal Circuit …

Cruise operator Carnival Corp said on May 27 it had detected a cybersecurity incident involving a compromised account of an employee in April, leading to the leak of certain personal information of individuals, including names, addresses and government-issued identification numbers. …

Luminor Risk, a managing general agent specializing in the U.S. excess and surplus property market, announced its official launch on May 28 with backing from investment and technology firm D.E. Shaw group. Luminor was co-founded by three underwriting leaders: Matt …

A Texas board has suspended the nursing license of Camp Mystic’s co-director in a scathing order that accused her of not helping children evacuate during last year’s catastrophic floods that killed 25 girls and two teenage counselors. It’s one of …

Texas Attorney General Ken Paxton added WhatsApp to the growing list of companies he has accused of violating Texans’ data privacy, announcing a lawsuit against the messaging app and its parent company, Meta, last week. The lawsuit states WhatsApp is …

CNN on Thursday filed a lawsuit against Perplexity in New York federal court, alleging the AI search engine provider is unlawfully distributing its copyrighted content, marking the latest legal tussle between the AI firm and a news publisher. The complaint …

Traffic through the Strait of Hormuz appeared all but deserted on Thursday as commercial operators remain wary of renewed military escalation.No commercial vessels were spotted transiting the waterway Thursday morning as tensions spiked following a second round of US strikes …

After bypassing the April 1 deadline and engaging in weeks of debate and compromise, New York lawmakers have agreed on a $268.5 billion budget that includes auto insurance reforms championed by Gov. Kathy Hochul that are intended to reduce auto …

Florida Governor Ron DeSantis unveiled a much-awaited proposal to gradually eliminate property taxes on the vast majority of primary homes in the state, a measure that would transform the way the state finances itself. DeSantis proposed lifting the exemption on …

Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1987, which is planned to commence underwriting on July 1, 2026, subject to appropriate regulatory approvals. With capacity to support the …