The University of California is suing a number of insurance firms for refusing to pay out on cyber policies nearly 10 years after hackers breached data on millions of patients at its health system.
Category: Show on Homepage
ChatGPT Creator OpenAI Sued for Theft of Private Data in ‘AI Arms Race’
ChatGPT creator OpenAI Inc. is stealing “vast amounts” of personal information to train its artificial intelligence models in a heedless hunt for profits, a group of anonymous individuals claimed in a lawsuit seeking class action status.
‘Climate Washing’ Lawsuits Jump As More Activists Challenge Corporate Claims, Report Shows
Climate washing” litigation has risen sharply in the last two years as environmental groups and governments grow frustrated with corporate claims about their contribution to tackling climate change, a report published on Thursday showed.
NJ Takes $393M to End ‘Forever Chemical’ Pollution Lawsuit
New Jersey agreed to a $393 million settlement with a South Jersey chemical company to pay for the cleanup of decades of PFAS pollution around its Gloucester County site.
States Clamp Down on Freight Trains, Fearing Derailments and Federal Gridlock
Spurred on by train derailments, some states with busy criss-crossing freight railroads are pursuing their own safety remedies rather than wait for federal action amid industry opposition and questions about whether they even have authority to make the changes.
Climate Risk a Major Challenge for Insurance Industry, Treasury Says
Climate-related risks are becoming an increasing challenge for insurers, the U.S. Treasury Department said, urging state regulators to step up their so-far “limited” efforts to address the issue.
Zywave Survey: Insurance Buyers Want Tailored Products, Regular Communication with Brokers
Nearly three-quarters of employers say they are either satisfied or very satisfied with the services their insurance brokers provide, but they have high expectations on coverage and communication, according to Zywave’s 2023 Brokers Services Survey.
NYC Gets $25M for E-Bike Charging Stations, Looking to Prevent Deadly Battery Fires
After a series of fires involving faulty e-bike batteries including a recent blaze that claimed four lives, New York City officials announced Sunday that they are receiving a $25 million emergency grant from the federal government to fund scores of charging stations citywide.
NFP Acquires the Benefits Business of FinTrust Insurance and Benefits, Inc.
NFP, a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor, announced it has acquired the employee benefits solutions business of FinTrust Insurance and Benefits, Inc. (FinTrust).
California Insurance Wholesalers Association Announces Lloyd’s as New Education Partner
The California Insurance Wholesalers Association (CIWA), a professional trade association focused on California E&S insurance wholesalers, carriers and supporting entities, is pleased to announce a premier partnership with Lloyd’s as the association’s first education sponsor.