INSURANCE NEWS
AI’s Urgent Need for Power Spurs Return of Dirtier 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 …
Crypto Crime Spills Over From Behind the Screen to Real-Life Violence
A man says he was tortured for weeks in a New York townhouse. Another in Paris was held for ransom and his finger cut off. A couple in Connecticut were carjacked, beaten and thrown into a van. All, authorities allege, …
Trump’s Attack on DEI Hits UK as Corporate Sponsors Abandon LGBTQ Pride
The Trump administration’s attack on US diversity, equity and inclusion policies is reverberating across the Atlantic, with corporations abandoning sponsorships of Britain’s Pride festivals, threatening key funding for events this summer. Three quarters of more than 100 Pride organizers have …
Burning Cargo Ship Carrying 3,000 Vehicles Abandoned off Alaska
The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday. The 22 crew members were safely …
Microsoft Offers to Boost European Governments’ Cybersecurity for Free
Microsoft is offering free of charge to European governments a cybersecurity program, launched on Wednesday, to bolster their defenses against cyber threats, including those enhanced by artificial intelligence, it said. After a surge in cyberattacks in Europe, many linked to …
EU Sees Progress in US Talks Despite Trump’s Steel Tariff Hike
The European Union and the US are headed in the “right direction” in trade talks, though new American levies on steel and aluminum imports aren’t helpful if both sides want to maintain momentum, Maros Sefcovic said after meeting with US …
China Calls for France to Help Resolve Trade Differences With EU
China called on France to help resolve trade differences with the European Union, as Beijing seeks to shore up ties with the bloc amid simmering tensions with the US. “It is normal to have differences in bilateral economic and trade …
Ex-Police Officers Plead Guilty to Conspiring in Auto Insurance Fraud Scheme
Two former police officers have pleaded guilty to federal charges in connection with an auto-insurance fraud scheme, according to U.S. Attorney for Maryland Kelly O. Hayes. Michael Anthony Owen, Jr., a former Prince Georges County officer, pled guilty to falsification …
Trucordia Gains $1.3B Investment From Carlyle to Propel Growth
Trucordia today announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle’s Global Credit platform. The investment values Trucordia at $5.6 billion, and it will reduce the company’s debt relative to equity while simplifying its governance …
Canadian Wildfires Cause Unhealthy Air Quality in Midwest
Smoke from Canadian wildfires carried another day of poor air quality south of the border to the Midwest, where conditions in parts of Minnesota, Wisconsin and Michigan were rated “very unhealthy” on Tuesday. The fires have forced more than 27,000 …
Texas Wants to Kill a Cannabis Boom It Accidentally Helped Stoke
Texas is on the cusp of banning all recreational THC products after lawmakers passed a bill to reverse the unintended effects of hemp laws that led to a boom in shops selling gummies, joints, vapes and drinks that create a …
Iowa Amusement Park Settles Lawsuit Over 11-Year-Old’s Drowning in 2021
An Iowa amusement park’s former operator has agreed to pay an undisclosed amount to settle a lawsuit filed by the family of an 11-year-old boy who drowned on a water ride in 2021. A company that previously owned Adventureland park …