Trump Blames Minnesota Cyberattack on Governor, Not Iran
President Donald Trump blamed Minnesota state officials with whom he has feuded for cyberattacks on multiple water systems there, despite reports that officials suspected Iranian involvement in the disruptions. The New York Times, citing U.S. and state officials, reported that …
Florida Woman Sentenced in $6 Million Force-Placed Insurance Scheme
A south Florida woman who was once a licensed insurance producer has been sentenced to spend more than three years in prison and forfeit assets after she pleaded guilty to a leading role in a $6 million property insurance and …
Supply Chain Insurance Is ‘Must-Have’ Cover During Geopolitical Tensions: GlobalData
Supply chain insurance is seen by businesses as a must-have protection during periods of geopolitical tensions — in order to safeguard their daily commercial operations, according to GlobalData, the London-based data and analytics company. Supply chain insurance (41.1%) is the …
NHTSA Probes 1.2 Million Tesla Vehicles Over Suspension Failure Risks
he National Highway Traffic Safety Administration said on July 31 it has opened a preliminary investigation into about 1.2 million Tesla vehicles over reports of suspension failures that could cause a loss of vehicle steering control. The regulator said its …
Deadly Flooding in West Virginia Finds Prevention Plans Unaddressed
At least two West Virginians are dead, dozens of homes are damaged and communities across north central West Virginia are left picking up the pieces in the wake of another major flood. Just a decade ago, a massive flood prompted …
Japan Earthquake Halts Auto and Chip Plants, Testing Supply Chain Resilience
The 7.1-magnitude quake that struck southern Japan this week has brought many car and semiconductor factories in the area to a halt, but hopes are high that disruptions will be less severe than a similar-sized temblor that rocked the region …
Anthropic AI Models Hacked Three Organizations During Tests
nthropic PBC said its artificial intelligence models breached three organizations during cybersecurity tests that went awry, a little more than a week after its chief rival, OpenAI, disclosed a similar incident. Anthropic said in a blog post Thursday that it …
Police Am-Bush Catches 74 Drivers Using Cell Phones
Someone must have challenged the Dunellen Borough (New Jersey) Police Department to get creative with traffic enforcement. As the department reported on Facebook, an officer conducted a distracted driving enforcement detail on a “highly-trafficked, pedestrian-heavy” downtown area on Wednesday of …
Former Insurance Agent Sentenced to Jail for Fraud, Again
A Baltimore County judge has sentenced Michael C. Okolo of Pikesville, Maryland, to six months incarceration for 10 counts of insurance fraud for acting as an insurance agent without a license. According to Attorney General Anthony G. Brown, the jury …
Climate Change Made ‘Fire Weather’ in France, Spain More Likely
Climate change made the weather that fueled Europe’s recent wildfires at least twice as likely in France and at least 20 times as likely in Spain, scientists at the World Weather Attribution group said on Friday. The global climate is …
French Insurer AXA’s Profit Rises 2% as Expected, Confident on Outlook
AXA SA reported first half profit higher than the same period a year ago, as the Paris-based insurer assesses the impact of wildfires currently affecting France and Spain. The French insurance group’s underlying earnings came in up 2% to €4.5 …
Mapfre Acquires Stake in Insurtech Tuio; Bolsters Commitment to AI, Digital Innovation
Just a week after revealing a $1.5 billion deal to acquire U.S.-based Safety Insurance Group, Spain’s Mapfre has announced a deal closer to its European roots—taking a 38.9% stake in the Spanish insurtech Tuio. The Tuio stake strengthens Mapfre’s commitment …
State Farm to Begin Issuing Dividend Payments to Louisiana Drivers
State Farm Mutual Auto will soon begin issuing $136 million in dividends to Louisiana drivers. The carrier informed the Louisiana Department of Insurance that eligible customers will receive an email between early August and early September asking them to select …
Texas Ban on Several THC Products Goes Into Effect
Texans’ access to a variety of hemp-derived THC products will significantly narrow on Friday. Texas will ban several hemp-derived THC cannabis products, including those containing delta-8 and delta-10 THC variants, punishing people in possession of them with jail time and …
Musk’s xAI Sues Minnesota Over Ban on Nudification Technology
Elon Musk’s company xAI has sued Minnesota over the state’s first-in-the-nation law that bans “nudification” technology on websites and apps, potentially providing a test for how far states can go in constitutionally regulating the use of artificial intelligence. Musk’s company …
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal
Grant Thornton’s US arm has agreed to buy rival CBIZ Inc. in a deal that could reach $5 billion, making it one of the largest professional services acquisitions in recent years. After the deal closes in the fourth quarter this …
Cyber Firm Wiz Says Flaw Could Have Exposed Thousands of Microsoft Cloud Customers
Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers. Wiz said in a post on its website that a now-patched vulnerability in a key Microsoft …
Insurers Are ‘Actively Evaluating’ New Catastrophe Risks as Europe Burns
Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly, …
US Diners Avoid Restaurants as Cyclosporiasis Fears Cut Lettuce Sales
U.S. consumers are steering clear of some restaurant chains and buying less lettuce in grocery stores as a multistate outbreak of a parasitic disease fuels confusion over what is safe to eat, according to foot traffic data and industry sources. …
Edison Says Its Equipment Likely Associated With 2025 LA Fire
Edison International CEO Pedro Pizarro told investors “no other viable alternatives have appeared” to explain what caused a massive wildfire in the Los Angeles area last year other than equipment owned by the company’s Southern California utility. The company now …
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