New York Sues Polymarket, Says It Ran Illegal Gambling Operation
New York’s attorney general sued Polymarket on Thursday, escalating her battle against prediction markets, an industry that she says violates state laws against illegal gambling. Attorney General Letitia James filed her petition nearly two months after bringing a similar case …
Texas Woman Pleads Guilty to Setting House on Fire
A Wharton County, Texas woman pleaded guilty to setting a house fire in July and was sentenced to 10 years deferred adjudication, the Texas State Fire Marshall Office announced. The Wharton County Sheriff’s Office arrested Rylie Bean in February at …
Louisiana Fortified Homes Program Receives $20M Investment
Louisiana Governor Jeff Landry announced this week that Louisiana is investing an additional $20 million in Fortified homes, bringing the total amount invested in state Fortified projects this year to $100 million. Landry announced that $20 million from the U.S. …
Florida Widower Sues Publix, Says Recalled Blueberries Caused Wife’s Death in June
A south Florida woman died after eating frozen blueberries that were later the subject of a recall, the woman’s husband alleges in a lawsuit naming Publix supermarkets and a food distributor. Richard Mullins, of Largo, near St. Petersburg, and his …
AM Best Revises Outlook to Positive for Iowa’s FMH
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Farmers Mutual Hail Insurance Company of Iowa and its reinsured affiliate, …
Ohio Medical Facility Sued for Religious Discrimination
The U.S. Equal Employment Opportunity Commission alleges in a lawsuit that an Ohio medical facility violated federal law by subjecting a Jewish orthopedic surgeon to unfavorable terms and conditions of employment and firing him because of his religion and race. …
Singapore Court Strips Control of Radiant World From Founder
A Singapore court appointed KPMG restructuring executives to take charge of Radiant World on Thursday, granting an application by creditor Mizuho Bank Ltd., which has accused the trader of alleged fraud linked to iron ore receivables. The decision removes Radiant …
TN Funeral Director, North Carolina Man Charged in Insurance Fraud Investigations
A grand jury in Tennessee this week indicted a funeral home owner on insurance fraud, theft, elderly exploitation and abuse-of-a-corpse charges after a months-long probe by the Tennessee Bureau of Investigation. Chadrick Mundy, 37, was booked into jail in Fentress …
Hellman & Friedman Explores Sale of Applied Systems at Up to $10B, Sources Say
Private equity firm Hellman & Friedman is exploring a sale of insurance software provider Applied Systems that could value the company at up to $10 billion, according to people familiar with the matter. The private equity firm is working with …
Hurricane Watch Posted on Hawaii’s Big Island as Nolo Approaches
A hurricane watch has been issued for Hawaii’s Big Island as Tropical Storm Nolo strengthens south of the island chain. Nolo, with top winds of 40 miles (64 kilometers) per hour was 500 miles south of Honolulu and on a …
Online Insurance Marketplace Insurify Blocks Meta’s Personal AI Agent Muse
Early this year, Insurify caused a stir when it began what was thought to be the first insurance app with ChatGPT’s Open AI. In fact, the news momentarily shook the S&P 500 Insurance index. On Sept. 23, the online insurance …
People Moves: Taylor Returns to Plymouth Rock Assurance as President and CEO
Boston-based Plymouth Rock Assurance Corp. named Chris Taylor as president and chief executive officer. He will lead Plymouth Rock’s Independent Agency Group, effective October 12. Taylor brings personal lines leadership experience to the role, most recently as vice president and …
This Week’s Northeast Disruption Puts Spotlight on Aging Air Traffic System
Communications failures that snarled hundreds of flights across the Northeast on Monday have put the spotlight back on the aging systems that air traffic controllers rely on in the U.S. Congress already handed the Federal Aviation Administration $12.5 billion last …
New Zealand Says China Is its Most Persistent State-Backed Cyber Threat
New Zealand’s cyber security agency said China was the country’s most persistent and capable state-backed cyber threat, as foreign actors targeted government agencies and organizations in sectors including health, education and information technology. The National Cyber Security Centre (NCSC), part …
Northeast Expecting Torrential Rains, Flood Risk as Coastal Storm Builds
A powerful coastal storm is building off the Northeast, threatening to bring torrential rain across parts of eastern Massachusetts and raising flood risks to New York City, New Jersey and Washington, DC into the weekend. The Nor’easter system is forecast …
Grid Operator E.ON Warns of Growing Risk of Attacks on Energy Infrastructure
Companies must prepare for successful attacks on critical power infrastructure as both physical and cyber threats continue to increase, the CEO of E.ON, Europe’s largest operator of energy grids, said on Thursday. “Attacks on our grids are increasing significantly,” Leonhard …
Indian Insurance and Bank Stocks Erase $14 Billion on Fee Cap Plan
PB Fintech Ltd. led a slide in shares of Indian insurers, distributors and lenders on Thursday, after the insurance regulator proposed caps on commissions and tighter management expenses. Temasek-backed platform operator PB Fintech sank a record 36%, the biggest slide …
OpenAI Agent Hacked Australian Government Health Website
An OpenAI model hacked an Australian government website earlier this year, marking one of the first known cyberattacks by artificial intelligence on a government database. The AI system gained unauthorized access to files on a website for reporting healthcare statistics, …
Tesla’s Automated Driving System Often Misreads Speed Limits: Belgian Safety Group
Tesla’s FSD automated-driving system frequently exceeded speed limits and attempted to overtake cyclists on streets where it’s prohibited, a road-safety advocacy group said, citing tests it conducted in Belgium. The Belgian group Johanna.be – which advocates for pedestrian and cyclist …
UN Chief Calls for AI Pact to Prevent Rise of Killer Robots
The secretary general of the United Nations stepped up his calls for regulation of AI to avert a dystopian future of rampant corporate power and killer robots. Antonio Guterres used his final address to world leaders at the UN General …
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