INSURANCE NEWS
Michigan Suit Alleges Teacher Humiliated Student for Refusing Pledge of Allegiance
The American Civil Liberties Union filed a lawsuit Wednesday on behalf of a 14-year-old student who said a teacher humiliated her for refusing to stand for the Pledge of Allegiance in protest of U.S. support of Israel’s war in Gaza. …
France Orders Extra 800,000 Cars off Road Over Takata Airbag Scandal
France is ordering an extra 800,000 cars with Takata airbags to be taken off the road, two weeks after a woman died in the northeastern town of Reims from injuries related to a faulty airbag. The move is the latest …
Pennsylvania Senior Citizens Warned of Financial Scam
State officials in Pennsylvania are warning consumers after a scam was reported involving someone posing as a Commonwealth employee. The reported scam uses a fake email to target older citizens and request money through licensed financial institutions to receive a …
Meta Fends Off Authors’ Copyright Lawsuit Over AI
A federal judge ruled on Wednesday for Meta Platforms against a group of authors who had argued that its use of their books without permission to train its artificial intelligence system infringed their copyrights. U.S. District Judge Vince Chhabria, in …
Visa Defeats New York Man’s Proposed Class Action Over Gift Card Scam
Visa defeated a proposed class action lawsuit on Monday by consumers who accused the world’s largest card payments network of failing to warn that its prepaid “Vanilla” gift cards were susceptible to being drained by thieves. U.S. District Judge Gregory …
People Moves: Covéa Group Names Petit CEO as Derez Becomes Chairman; Howden UK & Ireland Appoints Kennedy to Succeed Shuker as CEO
The Board of Directors of Covéa Group, the French mutual insurer, has appointed Maud Petit as chief executive officer, while Thierry Derez has been named chair of the Board of Directors. Derez succeeds Michel Gougnard who has been named vice …
EU Revamps Regulations for Expanding Space Market
The European Commission on Wednesday put forward the EU Space Act, a long-awaited overhaul of regulations affecting its fast-growing space industry. The legislation aims to create a single market for firms offering space services in the bloc while boosting efforts …
Cyberattack on UK Health Firm Contributed to Patient Death
A cyberattack that caused disruption at hospitals in London last year contributed to the death of a patient, health officials have confirmed for the first time. The incident occurred after a Russian hacking gang in June 2024 targeted Synnovis, a …
Billionaire Richard Li’s FWD Group Seeks to Raise $442 Million in Hong Kong IPO
Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday. The pan-Asian insurer is offering 91.3 million shares at HK$38.00 …
Heat Wave Threatens Power Output and Wildfires Across Europe
Europe’s heat wave is intensifying, fueling wildfires across the Mediterranean and threatening to curb electricity generation from both nuclear and hydropower plants. Temperatures in Spain are forecast to hit 39C (102F) on Wednesday, but could climb further to 42C next …
Cargo Theft Up 27% in 2024 With Continued Rise Expected: NICB
Tariffs, enhanced technology to defeat law enforcement along with profitability of criminal enterprises, and geopolitical circumstances have led to an increased threat to the global supply chain, according to the National Insurance Crime Bureau (NICB). Within the past 18 months, …
Microsoft Sued by Authors Over Use of Books in AI Training
Microsoft has been hit with a lawsuit by a group of authors who claim the company used their books without permission to train its Megatron artificial intelligence model. Kai Bird, Jia Tolentino, Daniel Okrent and several others alleged that Microsoft …