INSURANCE NEWS
Reddit Sues Anthropic, Says AI Company Exploited User Data
Reddit Inc. sued artificial intelligence firm Anthropic, saying it has used the social media company’s content without permission to train its AI models. The lawsuit, which was filed Wednesday in San Francisco Superior Court, alleges that Anthropic attempted to access …
Supreme Court Spares US Gun Companies From Mexico’s lawsuit
The U.S. Supreme Court on Thursday spared two American gun companies from a lawsuit by Mexico’s government accusing them of aiding illegal firearms trafficking to drug cartels and fueling gun violence in the southern neighbor of the United States. The …
After $66M Florida Boat Crash Award, Judge Says TPA Can’t Halt Claims Adjustments
South Florida residents will likely remember Aaron Hirschhorn, the successful Miami entrepreneur who launched a dog-sitting service then won a big investment for a stem-cell therapy for dogs when he appeared on the “Shark Tank” TV show in 2019. Hirschorn …
Napa Town That Once Rode out Emergencies with Diesel Gets Clean-Power Backup
For residents of this quaint tourist town on the northern edge of Napa Valley, the threat of wildfire is seldom out of mind. The hillside bears burn scars from a 2020 fire that forced all of Calistoga to evacuate, and …
LA County to Pay $2.7M to Teen Attacked in ‘Gladiator Fights’
Los Angeles County agreed to pay $2.7 million to a teenager who was attacked by at least six other young people at a juvenile detention center in so-called “gladiator fights” that were allegedly facilitated by probation officers. The boy’s beating …
Monarch E&S Acquires Market Finders in New Mexico
Monarch E&S Insurance Services acquired Market Finders Inc. in Albuquerque, New Mexico. MFI is a managing general agent and wholesale broker founded in 1971. MFI specializes in both personal and commercial lines, including transportation risks. The company is led by …
Minnesota’s The Builders Group Goes Live on Insurity’s Workers Comp Suite
Insurity, a provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers’ Comp Suite. This milestone signifies the completion of a deployment that …
People Moves: RT Specialty Tabs David Derigiotis to Lead New Detroit Office
RT Specialty, a wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty, announced that it has opened an office in Detroit and hired David Derigiotis as EVP and office president. Derigiotis joins RT …
Deadly Flash Flooding Claims Life in Dallas As Severe Weather Hits Central U.S.
One person has died after severe weather tore through parts of the central U.S., including heavy rain in Dallas, a tornado that touched down in the Kansas City area and flash flooding in Kansas that forced firefighters to rescue dozens …
BlackRock Escapes Texas Oil-Boycott List After ESG Retreat
BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run investment accounts — which manage …
AI’s Need for Power Spurs Return of Dirty Gas Turbines
If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch rival Meta …
Chinese Hacked US Telecom a Year Before Known Wireless Breaches
Corporate investigators found evidence that Chinese hackers broke into an American telecommunications company in the summer of 2023, indicating the country’s attackers penetrated the US communications system earlier than publicly known. Investigators working for the telecommunications firm discovered last year …