New York City Faces Flood Risks From Thunderstorms
The U.S. Northeast and Mid-Atlantic, including New York City, face another round of thunderstorms, increasing flood risks and transportation woes, with even the slight chance of a tornado.
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08, 2026
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08, 2026
Glassdoor: Adjusters Dislike, Fear AI More Than Others
Claims adjusters hate AI the most, a new report shows. A report on how workers feel about AI shows the insurance sector, and claims adjusters in particular, feel anxious about AI. The report from Glassdoor shows most workers feel a …
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08, 2026
Meta Settlement Opens New Front in Global Fight Over Social Media Harm
Meta’s move to restrict teenagers’ use of social media in the U.S. shows companies have tools to better protect young people online, Australian officials said on Thursday, while in the Philippines, an official said the U.S. company had pledged to …
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08, 2026
LA Fire Zone Set to Get $3 Million Homes Funded by Muni Bonds
More than a year after wildfires devastated Pacific Palisades, a nonprofit is advancing a plan to tap the public debt market to create housing in the slow-to-recover Los Angeles wealthy enclave. Uplifters Foundation plans to build new $3 million houses …
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08, 2026
As AI Agents Go Rogue, Cyber Insurers Are Adapting Their Policies
– Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their policies. Leading AI developers OpenAI, Anthropic and …
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08, 2026
Court OKs Bank of America’s $72.5 Million Settlement With Epstein Accusers
A federal judge said on Thursday he would grant final approval to Bank of America’s $72.5 million class-action settlement with women who accused the second-largest U.S. bank of facilitating their sexual abuse by the late financier Jeffrey Epstein. U.S. District …
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08, 2026
Insurers Want a Bigger Slice of the Bank Risk Transfer Boom
Insurers are aiming for a bigger slice of the market for significant risk transfers this year as banks step up their use of the hedging instruments. Firms expect to participate in about 50% more SRTs than in 2025, according to …
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08, 2026
Brazil Seeks $97 Million From App Discord Over User Protections
Brazil’s government is seeking 500 million reais ($97.1 million) in damages from chat app Discord Inc. in a local lawsuit, while also demanding that the platform strengthen protections for children and women and comply with Brazilian law. The Justice Ministry …
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08, 2026
PwC International Can’t Exit Evergrande Case, HK Court Rules
A Hong Kong court declined to remove PricewaterhouseCoopers International Ltd. from a multibillion-dollar lawsuit brought by China Evergrande liquidators against the firm and its Hong Kong and mainland Chinese affiliates. Deputy High Court Judge Patrick Fung said the evidence PwC …
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08, 2026
KKR to Pay $250 Million to Resolve DOJ Merger Filing Lawsuit
Private equity giant KKR & Co. has agreed to pay $250 million to resolve a civil antitrust case filed by the U.S. Justice Department alleging the investment firm intentionally withheld documents from government-required merger reviews on more than a dozen …