Buffett’s Oregon Utility Says Fire Lawsuits Pose Shutdown Risk September 8, 2025 By Peter Blumberg PacifiCorp says litigation massive wildfires in 2020 that exposed the company to billions of dollars in damages jeopardizes its ability...
Sedwick Norway CEO Sivertsen Also Named CEO of Sedgwick Sweden September 8, 2025 Dan Sivertsen, CEO of Sedwick Norway, is set to also become the CEO of Sedgwick Sweden. The change is effective...
Insured Losses in Texas Exceeded $47 Billion in 2024 September 8, 2025 Insured losses exceeded $47.2 billion in Texas last year—a 4.2% increase over 2023, according to a new property/casualty market report...
With Storms, Flooding and Potential FEMA Cuts, Parametric Flood Is on the Rise September 8, 2025 By William Rabb With inland flooding, storm surge losses and government cutbacks on the rise, parametric flood insurance may finally be having a...
Anthropic Reaches $1.5 Billion Author Copyright Settlement for AI Downloads September 5, 2025 By Shirin Ghaffary, Annelise Levy (Bloomberg Law) and Aruni Soni (Bloomberg Law) Anthropic PBC will pay at least $1.5 billion plus interest to resolve an authors’ copyright lawsuit over the AI company’s...
FTC to Review AI Chatbot Risks With Focus on Privacy Harms September 5, 2025 By Josh Sisco and Leah Nylen The U.S. Federal Trade Commission plans to study the harms to children and others of AI-powered chatbots like those offered...
Maryland Moves to Deny Liability Limit Sought by Ship Manager in Key Bridge Collapse September 5, 2025 By Andrew G. Simpson The manager of the cargo ship that caused the collapse of Baltimore’s Key Bridge in March 2024 should be denied...
Google Hit With $3.45B EU Antitrust Fine Over Adtech Practices September 5, 2025 By Foo Yun Chee Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) EU antitrust fine on Friday for anti-competitive practices in its lucrative...
Canada to Stall Electric Vehicle Rules as Carney Seeks to Boost Auto Sector September 5, 2025 By Brian Platt and Derek Decloet Canada is delaying a plan to force automakers to hit minimum sales levels for electric vehicles by 2026, a concession...
Hundreds of Workers Detained in Immigration Raid at Hyundai’s Billion-Dollar Georgia Facility September 5, 2025 By Hyonhee Shin and Shinhye Kang About 450 people at Hyundai Motor Co.’s $7.6 billion Georgia facility were detained following an investigation into employment practices, causing...