Los Angeles County sued State Farm, California’s largest home insurer, for alleged delays, denials and underpayments of property damage claims filed by victims of the massive January 2025 wildfires. Monday’s lawsuit, following a county investigation, alleges State Farm withheld money …
Officials struggled for years to curb high-speed crashes along a residential corridor cutting through Albuquerque, New Mexico, but simply punishing the lead-footed drivers didn’t seem to work. What ultimately did was rewarding the law-abiding ones with fewer red lights. The …
The U.S. Federal Trade Commission and a group of US states sued Amazon.com Inc. over claims the e-commerce giant systematically overcharged advertisers by more than $20 billion since 2019. The complaint filed Monday in Seattle federal court alleges Amazon ultimately …
Japanese automakers Nissan and Honda said on Monday they would jointly develop standardized electronic control units (ECUs) for software-defined vehicles (SDVs), deepening their collaboration on more advanced car technology. The companies plan to introduce an architecture incorporating the jointly developed …
The music publishing branches of Sony Music and Warner Music have sued Anthropic in California federal court for allegedly misusing their copyrighted song compositions to train its Claude AI models. Sony and Warner said in the complaint, filed on Friday, …
Kalshi Inc. has entered a partnership with The Weather Company to bolster the data it uses to settle contracts in rapidly growing weather and climate prediction markets. The prediction platform is seeking to establish market-implied probabilities as another source of …
For years, cyber insurance was treated as a niche product reserved for technology firms, financial institutions and e-commerce giants. When underwriters and claims teams assessed cyber exposure, the conversation centered on massive data breaches and enterprise-grade network overhauls. That framework …
Uber Technologies Inc. is rolling out a new safety feature that lets parents or guardians view a video livestream of their teenager’s ride. The feature uses the selfie camera on the driver’s phone and notifies an authorized guardian if a …
California legislators introduced a bill Saturday that would update the state’s wildfire response without shifting liability away from publicly traded utilities. The move comes after extended negotiations with Gov. Gavin Newsom’s administration, which had been advocating for measures that would …
KKR & Co. is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aon Plc for $17 billion, a significant exit for a unit that’s invested its balance sheet in long-term private equity …