OpenAI has asked a federal judge to dismiss parts of the New York Times’ copyright lawsuit against it, arguing that the newspaper “hacked” its chatbot ChatGPT and other artificial-intelligence systems to generate misleading evidence for the case.
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U.S. Government May Sue PacifiCorp for Nearly $1B in Wildfire Costs
The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern California, though the company is trying to negotiate a settlement.
FTC Sues to Block Merger of Grocery Giants Kroger and Albertsons
The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
Signers National Acquires Two Niche Agencies
Signers National, a group of premier insurance companies dedicated to servicing key client segments across the United States, today announced the acquisition of two agencies, Affiliated Insurance Agents and Ballantyne Insurance Group. These agencies will continue their work under the Lamb Insurance Services banner.
Florida Condo Prices Drop as Insurance Crisis Deepens
Sales of condos in Florida have plummeted in January even as prices fall amid high costs of home insurance, according to real estate platform Redfin.
Biometric Privacy Settlements Spark Insurance Coverage Battles
Companies that have settled lawsuits for millions of dollars under the Illinois Biometric Privacy Act are now having to battle their insurance providers to get their costs reimbursed.
MGM Resorts Says Regulators Probing September Cyberattack
MGM Resorts International disclosed that state and federal regulators were probing a cyberattack on its systems that took place in September and caused a $100 million hit to the company’s third-quarter results.
How Selling Insurance Became One of the Worst Jobs in California
Harper’s job used to be to find good policies on home and auto plans for his clients. Now he breaks bad news: Rates are going up, coverage has been cut, and policies have been canceled.
Buffett’s Berkshire Posts Record Profit on Insurance, Investment
Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose.
Allianz CEO Eyes Rising Threats as Weather Losses Dent P/C Segment
Natural catastrophe losses hit the 2023 property/casualty profit for Allianz SE in 2023 but the group reported higher income in all of its segments, while watching rising economic, technology and geopolitical threats, its chief executive officer said.