Industry News
The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively new considering her predecessor, Washington Commissioner …
Via: Claims Journal
The $320 million hack of the Bitcoin-linked Liquid Network is another dent to crypto’s reputation as the industry tries to convince banks and institutional investors that digital assets can become part of mainstream financial infrastructure. The damage extends beyond the …
Via: Claims Journal
Hurricane Lowell passed west of Hawaii, where heavy rains may cause hundreds of millions of dollars of damage. Lowell, with top winds of 105 miles (169 kilometers) per hour, edged west of Kauai but is still dropping heavy rain, as …
Via: Claims Journal
I have been writing about the insurance risks of intoxicating hemp products since 2021, when delta-8 THC gummies first started showing up in convenience stores and gas stations across the country. Back then, our message to the cannabis, hemp and …
Via: Claims Journal
Tesla Inc. rolled out the Cybercab for its robotaxi service almost two years after the driverless car was unveiled, advancing Elon Musk’s futuristic vision while drawing fresh scrutiny from U.S. auto regulators. The closed-door launch in Austin last week was …
Via: Claims Journal
British police have a stout task ahead: recovering 70,000 pints worth of stolen Guinness. Two trailer truckloads of the famously creamy dark beer valued at 115,000 pounds ($155,000) were stolen from a depot near Liverpool in northwest England, the Cheshire …
Via: Claims Journal
BASF sued Apple on Thursday, accusing the iPhone maker of infringing the German chemical company’s patented face authentication technology in many iPhone and iPad models. In its complaint, BASF’s trinamiX unit said it spent the last decade developing technology to …
Via: Claims Journal
The Seattle Times and Newsday sued OpenAI and Microsoft on Friday, alleging in federal court that the tech companies copied the newspapers’ journalism without permission to train their AI systems. The suit in the U.S. District Court for the Southern …
Via: Claims Journal
The FBI is investigating a potential breach of an ID verification company that may have exposed scans of millions of Americans’ driver’s licenses, a bureau spokesperson told Bloomberg News on Thursday. Access to the data of more than 160 million …
Via: Claims Journal
Dry air, a stable atmosphere and storm ripping wind shear are suppressing every system that emerges, fulfilling predictions that a strong El Niño will make it a quiet hurricane season.
Via: Claims Journal