INSURANCE NEWS

Spain Reveals Details of Chain Reaction That Caused Outage

Spain’s most-detailed account yet of the missteps leading to April’s nationwide blackout failed to fully explain why the power grid was so unstable in the first place. Over 182 pages, including redactions that blot out the names of companies and …
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Brookfield’s Insurer Trims Private Credit, Citing Crowded Trade

Brookfield Corp.’s insurance unit has pulled back from investments in private credit as surging demand from rival bidders pushes yields down. Brookfield Wealth Solutions started to reduce its allocation to private credit six months ago, and is almost no longer …
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Former Ohio Doctor Loses Defamation Lawsuit Against Ex-Employers

A former Ohio doctor who was fired before being found not guilty on murder charges in the deaths of 14 patients lost a defamation lawsuit against his former employers on Monday, after a judge stepped in for a jury on …
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US Supreme Court Sets Test for Which Courts Can Hear EPA Cases

The U.S. Supreme Court established rules of the road on Wednesday to determine when lawsuits challenging actions by the U.S. Environmental Protection Agency related to air pollution and greenhouse gas emissions should be heard by regional appeals courts or an …
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Iran-Israel Conflict Spreads to Hacks on Banks, Crypto

The conflict between Israel and Iran is spilling over into the digital world, inflaming a decades-long campaign of hacks and espionage between two nations renowned for their cyber prowess. On Tuesday, a pro-Israel hacking group claimed responsibility for a disruptive …
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New Jersey High Court Allows Clergy Sex Abuse Grand Jury Opposed by Diocese

New Jersey can have a grand jury examine allegations of clergy sexually abusing children, the state’s Supreme Court ruled Monday, after a Catholic diocese that had tried for years to block such proceedings recently reversed course. The Diocese of Camden …
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Waymo Expands Robotaxi Services Into More Parts of San Francisco Bay Area

Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet unit said on Tuesday. The self-driving technology firm …
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Alex Jones Accused of Hiding Assets as Sandy Hook Families Seek Payment

The trustee overseeing Infowars host Alex Jones’ personal bankruptcy case is accusing the far-right conspiracy theorist of trying to shield more than $5 million from creditors, including relatives of victims of the 2012 Sandy Hook Elementary School shooting in Connecticut. …
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Viasat Identified as Victim in Sweeping Phone Hack Tied to China

Viasat Inc. is the latest US communications company identified as a victim of the sweeping surveillance hack blamed on the Chinese government that emerged during last year’s presidential campaign, according to people familiar with the matter. The breach of the …
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LA Mayor Lifts Downtown Curfew She Imposed During Protests

Downtown Los Angeles businesses hoped customers would return quickly after Mayor Karen Bass lifted a curfew she had imposed last week to prevent vandalism and break-ins during nighttime protests against President Donald Trump’s immigration crackdown. The protests, which have been …
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Justices Back Temporary Texas Nuclear Waste Storage Site

The US Supreme Court left intact a federal plan to store as much as 40,000 tons of highly radioactive waste at a temporary site in west Texas over the objections of local landowners and oil and gas operators. Voting 6-3, …
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Carnival Cruise Lines Not Liable for Teen’s Sexual Assault on Ship, Appeals Court Finds

Carnival Cruise Lines could not have foreseen a sexual assault on a teenager, despite a lack of security presence at the time, the sneaking of booze on to the ship by an alleged assailant, and reports of more than 100 …
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