General Motors will pay $220 million to settle allegations that it illegally sold drivers’ private behavior and location data to brokers, who then sold the information to insurers that used it to set and sometimes increase rates. The settlement, announced …
HSBC Holdings Plc is looking to offload credit risk on data center loans to insurers as demand for artificial intelligence-related finance continues to grow. The bank is holding preliminary discussions with insurers about a series of project finance deals, some …
Justin Stoneman has been in the trucking industry for 27 years, operating out of central Michigan’s agricultural heartland. Hauling grain and fertilizer around the Midwest, his 12-odd tractor trailers generated more than $3 million in annual revenue during their best …
New York is enacting farther-reaching restrictions on companion chatbot behavior, as states increasingly move to protect children who use artificial intelligence, regulate how employers deploy AI systems and push developers to prevent an AI-caused catastrophe. Legislation signed Wednesday by Gov. …
Barclays Plc is looking to buy default protection on more than $10 billion of debt to finance artificial intelligence infrastructure in a bid to create capacity for more lending as hyperscaler funding needs soar. The London-based lender has been assessing …
Nippon Dynawave Packaging Co. faces $77,800 in fines after an employee nearly became engulfed in hot pulp while attempting to shut off a valve at the company’s Longview, Washington mill. The Washington State Department of Labor & Industries cited the …
Pennsylvania Governor Josh Shapiro this week signed legislation meant to improve homeowners’ understanding of potential flood risk during the home-buying process. The new law (House Bill 1704) will require sellers to inform buyers about their home’s flood risk. Under the …
General Motors will pay $220 million to settle allegations that it illegally sold drivers’ private behavior and location data to brokers, who then sold the information to insurers that used it to set and sometimes increase rates. The settlement, announced …
Lyft is paying $1.8 million in civil penalties to resolve allegations that it violated California privacy and unfair competition laws by failing to let consumers opt out of the sale or the sharing of their personal information. The settlement also …
A growing source of cyber insurance claims is wrongful data collection. Even though the cost of these claims individually is generally low, their rising frequency should be of concern to underwriters and policyholders. California has now narrowed one of the …