Reddit Sues Perplexity, Others Over Alleged Data Scraping
Reddit Inc. sued Perplexity AI Inc. and three other companies over alleged data scraping from the discussion site without permission, a sign of the growing demand and value of original data in the burgeoning AI industry. Three data scraping companies …
Rotting Apple: Berkley Explains Property Market, Company Appetite
Analysts trying to reconcile third-quarter premium jumps reported by line of business for W.R. Berkley Corporation with the CEO’s opening remarks during an earnings conference call this week may well have been confused. “That bloom is off the rose,” President …
Authorities Investigating Death of Rail Conductor Struck by Train in Montana
Authorities were investigating the death of a rail conductor who was hit by a passing train in Montana, the National Transportation Safety Board said. The conductor worked for BNSF Railway, the agency said in a post on the social media …
Iowa Man Charged With Public Adjusting Without a License
An Iowa man has been charged with one count of acting as an adjuster without a license—a class D felony—following an investigation by the Iowa Insurance Division’s Fraud Bureau. According to criminal complaints filed by the Iowa Insurance Division’s Fraud …
What to Know About Recovery Efforts in Alaska Following Storm
The mass evacuation by military aircraft of hundreds of residents from Alaska villages ravaged by the remnants of Typhoon Halong is complete, and officials and local leaders are turning attention to trying to stabilize damaged infrastructure and housing where they …
Airline Emergency Landing in Utah Likely Caused by Weather Balloon Collision
A United Airlines plane appears to have collided with a weather balloon while cruising over Utah at 36,000 feet last week, fracturing layers of its windshield and forcing an emergency landing. A California company called Windborne Systems said it started …
Kansas Man Sentenced for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee county man has been sentenced to 12 months of probation for insurance fraud. William Owens, age 71, pleaded guilty in Cherokee County District Court to one felony count of insurance fraud. Owens …
Chubb Books Record P/C Underwriting Income, Combined Ratio in Q3
Insurer Chubb booked third quarter net income 20.5% higher than a year ago at $2.8 billion—with record P/C underwriting income of $2.26 billion. Underwriting income was 55% more than the same quarter last year, and the combined ratio was also …
Why Eating a Burger in Houston Is Less Climate-Friendly Than in Chicago
Beef is notoriously bad for the environment. Just how bad depends a lot on where in the US you eat it. The carbon footprint of a burger is bigger in Houston than San Francisco, and in Dallas compared with Chicago, …
Homeowners Facing Big Deductibles? Mission Says it Has a Buyback Plan for That
It’s not unusual in today’s housing market to own a home valued at $1 million or more. It’s also not that rare for the insurance coverage on a high-end home to carry a $100,000 wind deductible. Mission, a group of …
New York Construction Firm to Pay $1.4M to Workers for Violating Their Rights
A New York City construction firm will pay $1.5 million to settle charges that it violated state workers’ compensation laws, retaliating against injured workers, and failing to address sexual harassment in the workplace. New York Attorney General Letitia James announced …
Florida Jury Awards Jack Nicklaus $50M in Defamation Suit vs. His Former Company
A south Florida jury on Monday awarded golfing legend Jack Nicklaus $50 million in a lawsuit in which he charged that his former company and business partners tried to harm his reputation. The Palm Beach Circuit Court jury did not …
World Acquires Wisconsin’s Green Bay Insurance Center
World Insurance Associates announced that it acquired the business of Green Bay Insurance Center of Green Bay, Wisconsin. Terms of the transaction were not disclosed. Founded in 1968, Green Bay Insurance Center is a full service agency located in Green …
Rockford Mutual Launches Commercial Auto in Michigan
Rockford Mutual Insurance Company (RMIC) announced the official launch of commercial auto coverage in Michigan, effective immediately. With this latest addition, RMIC now offers a complete suite of commercial insurance products to Michigan independent insurance agents, reinforcing our commitment to …
Louisiana Judge Invalidates Permit for LNG Facility, Orders Review of Climate Impact
A Louisiana judge has tossed out a key permit for a liquefied natural gas facility that won approval from President Donald Trump’s administration, ordering a state review of how the facility’s planet-warming emissions would affect Gulf Coast communities vulnerable to …
Florida AG Issues Criminal Subpoenas for Roblox, Says Platform Puts Children at Risk
Two weeks after the Kentucky attorney general filed suit, Florida Attorney General James Uthmeier said his office is issuing criminal subpoenas to Roblox Corp., calling the video gaming platform a “breeding ground for predators” that puts children at risk. In …
State Officials Say New Rules, Delays for FEMA Grants Put Disaster Response at Risk
State officials on the front lines of preparing for natural disasters and responding to emergencies say severe cuts to federal security grants, restrictions on money intended for readiness and funding delays tied to litigation are posing a growing risk to …
New Hampshire Youth Centers Seeking Coverage for Child Abuse Claims Sue Insurer
Two New Hampshire nonprofits that ran youth facilities for the state are suing their insurer seeking defense and indemnity coverage for child abuse lawsuits filed against them. Philadelphia Indemnity Insurance Co., the insurer for Mount Prospect Academy and the Vermont …
Amazon Says All Cloud Services Restored After 15-Hour Outage
Amazon Web Services, the world’s largest cloud provider, resolved the issues that plagued its services for about 15 hours on Monday, an episode that highlighted how much of the internet is dependent on the operations of a single company. In …
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot
The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more on a niche bond market …
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