Industry News
Tata Electronics said on Monday it had detected a recent “cybersecurity incident,” after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group. The ransomware group has posted more …
Via: Claims Journal
A fatal collision involving a Tesla Inc. sedan is under federal investigation after an electric vehicle slammed into a home in Texas, killing a woman inside. The U.S. National Highway Traffic Safety Administration said Monday that it has opened a …
Via: Claims Journal
The level of investment into data centers globally may soon make it necessary for insurers involved to begin selling securitization products to spread the risk among a broader pool of investors, according to Zurich Insurance Group AG. “I do anticipate …
Via: Claims Journal
Thirteen people were killed and dozens injured after an explosion at Qatar’s massive Ras Laffan liquefied natural (LNG) gas complex which occurred as workers were restarting operations halted after an Iranian attack in March. Authorities said a ‘technical accident’ occurred …
Via: Claims Journal
Carlyle Group Inc. is unveiling a new framework for portfolio risk so that asset values reflect the insurance implications associated with severe weather shocks. The $475 billion Washington-based firm says the current standard — whereby money managers are reactive rather …
Via: Claims Journal
President Donald Trump last week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor’s time in the White House for a prior increase. In a Monday post on Truth Social, …
Via: Claims Journal
No offense to the members of the media, but the media tends to blow this stuff up. That’s how Jim Williamson, president and chief executive officer of insurer and reinsurer Everest Group Ltd., prefaced his answer to a question about …
Via: Claims Journal
The chairman of the U.S. Federal Energy Regulatory Commission said moves to help AI data centers accelerate hook ups to the country’s electric grids reflect a new and more interventionist approach by the regulator. FERC on Thursday approved a series …
Via: Claims Journal
Eurocommerce, the European retail association whose members include Amazon, H&M, Inditex, and Ikea, is asking EU tech chief Henna Virkkunen to exempt AI-generated advertisements from the bloc’s new regulation requiring disclosure of AI use. The European Union AI Act, which …
Via: Claims Journal
Howden is being sued again, this time by IMA Financial Group. IMA said in a federal lawsuit filed in U.S. District Court in Oregon that its former employer, Alexander Hamilton, allegedly conspired with Howden US to “orchestrate the coordinated resignation …
Via: Claims Journal