Edison Rejects Blame for LA Fire Tied to Tower Idle Since 1971
Edison International’s Southern California utility is urging a Los Angeles judge not to find the company liable for property damages from a 2025 Los Angeles wildfire that destroyed more than 9,400 buildings. Southern California Edison argued in a court filing …
OpenAI Plans to Spend Over $30 Billion on Georgia Data Center
OpenAI plans to spend tens of billions of dollars on a massive new data center near Savannah, Georgia as part of the ChatGPT maker’s push to keep up with surging demand for artificial intelligence software. The startup has contracted with …
Fitch Warns AI Market Correction Emerging as Major Global Credit Risk
The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and unprecedented AI spending may be running ahead of uncertain future …
Can Captive’s Hands-On Vetting of Bars Provide Answer to SC Liquor Liability Crisis?
For almost eight years now, South Carolina bars, restaurants and music venues have faced a sobering situation brought on by a 2018 state law that requires at least $1 million in liquor liability coverage: Pay unaffordable premiums or shut their …
As US Residential Solar Industry Craters, Florida Bucks Trend
While the residential solar market is collapsing nationwide after President Donald Trump ended a popular tax credit in December, one state is proving to be a surprising exception: Florida. A big reason why is a sweeping permitting law that took …
Formula 1 Parent Reaches $3M Settlement in Las Vegas Grand Prix Tickets Suit
Formula 1 parent company Liberty Media, which also promotes the Las Vegas Grand Prix, has agreed to a settlement of about $3 million to end a class-action lawsuit brought by spectators regarding the inaugural 2023 race. The opening-night practice session …
AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’
Ratings analysts at AM Best see the pending acquisition of Safety Insurance Group by Mapfre as “strategically compelling” as the carriers have complementary geographic and product profiles. Last week Safety, a property/casualty insurer in Massachusetts and New England, announced it …
Powerful Quake Hits Southern Japan, Workers Missing After Shopping Mall Blast
A 7.1-magnitude earthquake hit Japan’s southern Kumamoto prefecture on Tuesday, knocking out power to thousands of homes, rupturing roads and leaving some trapped and others presumed dead inside a partially collapsed shopping mall. Speaking to reporters from her office in …
eBay Settles Couple’s Harassment, Stalking Claims for $55.7 Million
After six years of civil and criminal charges and proceedings, online shopping company eBay and several former executives will pay a total of $55.7 million to settle claims over a relentless cyberstalking and harassment campaign targeting a Massachusetts couple. In …
Australia’s Origin Energy Says About 900,000 Customers’ Data Accessed in Breach
About 900,000 current and former Origin Energy Ltd. customers had their data accessed in a security breach, the latest in a string of cyberattacks on major Australian companies and essential-service providers. It began examining a possible threat in early July, …
Google Rivals Line Up Seeking Damages After Record $1 Billion EU Fine
A decades-long crackdown on Google’s business practices in Europe is entering a costly new phase, as the loss of the first case brought against it under new EU legislation opens the door to a wave of private lawsuits demanding up …
Tankers Divert to Egypt as Houthi Threat Upends Red Sea Trade
Empty supertankers are heading to Egypt’s Mediterranean port of Sidi Kerir to collect Saudi crude as observable traffic at the kingdom’s key Red Sea export hub dwindles following threats from Houthi militants. At least eight very large crude carriers are …
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban
Zurich Insurance Group AG let go of more than 12 employees amid enforcement proceedings by the Swiss regulator Finma, Chief Executive Officer Mario Greco said. The regulator also imposed a sales ban on some policies in Zurich’s corporate life and …
AI Finding Twice as Many Cyber Flaws in 2026 as It Did in 2025
The number of software security flaws discovered in popular technology products in 2026 is on pace to roughly double the tally of vulnerabilities that surfaced in 2025, an explosion driven by increasingly capable artificial intelligence systems. The US National Vulnerabilities …
EPA Says Power for Data Centers Can Sidestep Pollution Laws
Power sources providing electricity only to data centers and not the public grid may not be subject to federal pollution laws, the U.S. Environmental Protection Agency said July 27. The EPA said if the power plants are not supplying electricity …
NHTSA Rejects Petition Seeking Tesla Door-Release Defect Probe
The U.S. National Highway Traffic Safety Administration has denied a petition seeking a defect investigation into the emergency mechanical door release on about 180,000 Tesla Model 3 vehicles. NHTSA said the petition did not present evidence of a likely safety-related …
Rapidly Expanding Howden Says Miami to Be Americas Headquarters
Howden, the international brokerage that made a much-talked-about entrance into Florida last year with the alleged poaching of more than 200 Brown & Brown employees, now plans to make the state its headquarters for the Western Hemisphere. “Miami is one …
Johnson & Johnson Announces $5.5 Billion Settlement of Talc Lawsuits
Johnson & Johnson said on July 27 it would pay an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer, in a landmark deal that could end a …
NYC Halts Construction at 222 Broadway Office-to-Residence Tower
New York City’s Department of Buildings issued a stop-work order at a Manhattan office tower that’s being converted into apartments weeks after authorities evacuated one of the largest residential conversions due to structural concerns. Officials visited 222 Broadway as part …
Police Detained 15-Year-Old After Deadly Shooting in Seattle
Seattle Mayor Katie Wilson said police detained a 15-year-old suspect after a Sunday shooting in which three people were killed and others were wounded. At least two people exchanged gunfire at the event, Wilson said in a news conference Monday …

