White House AI czar David Sacks defended President Donald Trump’s push to rein in state-level regulation of artificial intelligence over objections from Democrats, saying the move seeks to ease a growing compliance burden for companies. Under the directive signed by …
A new broker is now suing Howden US and a pair of former employees for allegations of poaching and theft of trade secrets. Last week Aon Risk Services Cos. filed suit in U.S. District Court for the Southern District of …
A gas explosion set off a major fire in a San Francisco Bay Area neighborhood last week after obliterating at least one home, blowing out windows and shaking nearby houses. Six people were taken to hospitals for injuries, fire officials …
A settlement paid by stocks rather than money is a covered loss that must be paid by an insurer, the Delaware Supreme Court has affirmed. The state’s high court agreed with a lower court’s ruling that the definition of “loss” …
Washington Insurance Commissioner Patty Kuderer fined ClearShare Health, Clearwater Benefits LLC, and three related companies $350,000 for selling unauthorized health insurance. Kuderer also ordered the companies to stop transacting unauthorized insurance, including selling ClearShare health plans in Washington. Clearwater Benefits …
Washington and the Pacific Northwest are facing multiple rounds of torrential downpours this week, raising flood risks in the region as residents are still grappling with last week’s historic rains. Heavy rain was peaking Monday in Washington, where as much …
The elevation of Greg Abel to replace Warren Buffett at the helm of Berkshire Hathaway will cap the rise of a native Canadian who won over the legendary investor for being committed to the company’s culture, long-term thinking, and an …
AIG announced it has received approval to proceed with the acquisition of Everest Group’s renewals in Germany, France, Italy, Netherlands, Spain and Ireland. The European Union deal is part of AIG’s $2 billion acquisition of Everest’s retail commercial insurance renewal …
The Federal Emergency Management Agency on Friday announced it would send $350 million in funding to localities and electric cooperatives for relief efforts following Hurricane Helene and Tropical Storm Debby. The announcement comes two months after Democratic U.S. Sen. Raphael …
India’s cabinet has approved sweeping changes to atomic energy laws and fully opened the insurance sector to foreign investors, two government sources said on Friday, key policy moves aimed at attracting billions of dollars in two critical sectors. India, which …