INSURANCE NEWS
Apple Sues OpenAI for Trade Secret Theft in Pivotal Case
Apple Inc. sued OpenAI for trade secret theft, accusing the artificial intelligence startup and its hardware chief of engaging in a coordinated campaign to steal information about upcoming products. The iPhone maker said in a suit Friday that OpenAI encouraged …
UK to Directly Regulate Cloud Service Providers to Protect Stability of Financial Sector
Britain has designated cloud service providers Microsoft, Google, Amazon and Oracle as critical third-party suppliers to its financial sector, bringing them under direct regulatory oversight. The move is aimed at strengthening the resilience of financial firms by reducing the risk …
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers Starts This Week
A few years before the more-recent spate of Florida insurance carrier insolvencies, a workers’ compensation insurer known as Guarantee Insurance Co. was declared insolvent in 2017—a rarity in the usually profitable workers’ comp line of business. Regulators blamed owner Steve …
Company Ordered to Remove Thousands of Wind Turbine Blades in Texas
A Texas district court this week issued a temporary injunction against a wind turbine recycling company that has stockpiled thousands of wind turbine blades at two facilities in Sweetwater. The temporary injunction orders Global Fiberglass Solutions to immediately cease accepting …
Business Moves: MGA Fusion Specialty Acquired by UK Asset Manager Arrow Global; Arthur J. Gallagher Acquires Canada’s Wilson M. Beck Insurance Services
MGA Fusion Specialty Acquired by Asset Manager Arrow Global Arrow Global Group (Arrow), a UK-based investment manager specializing in private credit and real estate, announced its subsidiary Arrow Global Insurance (AGI) has acquired Fusion Specialty Group, a specialist managing general …
Arthur J. Gallagher & Co. Acquires Kansas-Based Med James
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Overland Park, Kansas-based Med James, Inc. Terms of the transaction were not disclosed. Med James is a …
Dedicated Volunteers in Nashville Relay Calm, Straight-Talk Info During Dtorms
Anyone who has watched an episode of “9-1-1: Nashville” could be forgiven for thinking the city is constantly beset by tornadoes that turn outdoor concerts into scenes of carnage and blow scooter-riding tourists onto the tops of water towers. That …
DOL Proposes $3.5M in Fines for Safety Violations at Texas Chemical Facility
The U.S. Department of Labor has proposed more than $3.5 million in fines against three companies after federal inspectors determined they failed to protect workers during post-emergency response cleanup after a chemical spill at the BWC Terminals industrial facility in …
Specialty Farmers Adapt Harvests to Extreme Heat
Even as the sun started to set, the day’s heat was still hanging in the air as Annie Woods walked back out to harvest squash and zucchini on her 50-acre farm. Prolonged and intense heat is part of a climate …
NHTSA Warns 463,000 Kia Owners to Park Outside Over Fire Risks
The U.S. National Highway Traffic Safety Administration urged owners of 463,000 Kia crossover SUVs to park outdoors because of fire risks until new recall repairs are completed. Kia said it would recall 463,000 Telluride crossovers in the U.S. from the …
Planned Texas Data Centers Could Emit More Greenhouse Gases Than Many Countries
Omaira Garcia didn’t realize life on her small ranch in Abilene was about to change forever until clouds of dust — kicked up by a mysterious construction next door — began to engulf her home. The Air Force veteran said …
US Files Proposed Deal With Keystone Pipeline Owner Over 2022 Kansas Rupture
The U.S. Justice Department said on Friday it had filed a proposed settlement with the owner and operator of the Keystone oil pipeline to resolve Clean Water Act violations related to a 2022 rupture in Kansas. Keystone ships Canadian crude …