New York law recognizes a claim against insurance companies for breach of the implied covenant of good faith and fair dealing, specifically where the insurance company’s handling of a claim frustrates the policy’s purpose and results in damages beyond the …
California Insurance Commissioner Ricardo Lara is proposing changing regulations to prohibit insurance companies from using a driver’s marital status as an optional factor when setting private passenger automobile insurance rates. Related: California Governor Signs Act to Create Smoke Damage Presumption …
US government agencies are tracking cyber threats against nearly 20 shipping vessels around the world, according to US officials familiar with the situation. The Coast Guard has asked for advance notice if any of those ships plan to come into …
A contractor and a south Florida condominium property manager have been charged in a kickback scheme. Richard Thomas Murray, 62, head of AP Construction Solutions, of Pompano Beach, was charged last week with providing $186,000 to Carlos Jose Mejia, property …
Rogue AI agents from OpenAI hijacked Hugging Face user accounts and probed the site itself for vulnerabilities as early as May, nearly two months before the July breach of the open-source repository drew global attention, according to researchers who reviewed …
The U.S. House Financial Service Committee on Sept. 16 advanced a bill to limit the authority of the Consumer Financial Protection Bureau, which the insurance industry said has crept over the years into insurance regulation. Within the Consumer Financial Protection …
U.S. solar panel maker First Solar Inc said on Sept. 16 it would withdraw a patent infringement complaint before the U.S. International Trade Commission and instead focus on pursuing lawsuits in federal court against rivals over a leading solar technology. …
AXA SA Chief Executive Officer Thomas Buberl called on France’s next president to address the country’s debt mountain with structural reforms and rejected a far-left plan to cancel bonds as “dangerous.” The euro area’s second-biggest economy is under intense scrutiny, …
The European Union will set up a “climate insurance alliance” to help pay for losses as global warming increases the frequency and intensity of droughts, floods and wildfires. European Commission President Ursula von der Leyen announced the initiative as part …
Ukraine is examining whether additional insurance cover for ships carrying food exports could help revive seaborne trade disrupted by Russian attacks on vessels and port infrastructure, a farm lobby group and a major farmers’ union said on Wednesday. Since the …