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 …
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 …
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 …
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 …
– 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 …
Alphabet Inc. has agreed to pay £260 million ($354 million) to settle a U.K class action accusing the U.S. firm of abusing its dominance and charging excessive commissions to app developers. The claim alleged Google imposed “excessive and unfair” commissions …
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 …
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 …
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 …