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Global insurance broker Marsh announced the launch of Stratus, a property insurance exchange designed to address the complex operational risks of large digital infrastructure projects as they move from construction into operation. Such projects include data centers and associated critical …

The US Northeast and Mid-Atlantic, including New York City, face another round of thunderstorms, increasing flood risks and transportation woes, with even the slight chance of a tornado. Flood watches will cover New York’s five boroughs, as well as stretching …

Insurers are aiming for a bigger slice of the market for significant risk transfers this year as banks step up their use of the hedging instruments. Firms expect to participate in about 50% more SRTs than in 2025, according to …

AI agents created by OpenAI broke into the company’s own systems during internal tests and in some cases tried to conceal their behavior, the company said in a report published Wednesday. The findings are likely to sharpen concerns about increasingly …

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 Meta …

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 …

Artificial intelligence labs and cybersecurity firms are reconsidering the way they test advanced AI models after models from at least three firms jumped onto the open internet and breached real-world victims. Cybersecurity specialists are debating whether they should connect the …

A judge dismissed a suit by Elon Musk’s X Corp. that sought to block a New York law requiring social media companies to disclose how they deal with hate speech, extremism and disinformation, ruling that “the First Amendment poses no …

Fire and medical officials have issued warnings about a supplement offered to Western wildland firefighters who have been exposed to toxic chemicals while battling some of the country’s biggest blazes. The supplement glutathione, given through an IV or an inhaler-like …

Alliant Insurance Services added Rebecca Ellis as assistant vice president within its employee benefits group in the Rocky Mountain region. Ellis will partner with employers throughout the Western region to develop strategic employee benefits and total rewards programs. Ellis’ background …

Andrew Riexinger joined Alliant Insurance Services as vice president within its employee benefits group in New Jersey. He will work with employers throughout the Northeast, providing employee benefits brokerage and consulting services, including financial underwriting, claims analysis, plan design, and …

A Connecticut woman has been arrested and charged with illegally collecting workers’ compensation benefits worth $19,082 from her employer Waterbury hospital while she was allegedly working another job as a home health aide. The Chief State’s Attorney reported that Tashia …

Things became all-too familiar for Kimya Williams after storms rumbled through Gary, Indiana, earlier this month leaving big chunks of the mostly-Black city in the dark for two weeks. The power outage reminded the 50-year-old of what she experienced in …

Social media giant Meta will pay over $1 billion to Texas and implement sweeping protections for children as part of a settlement with the state, Attorney General Ken Paxton announced Wednesday. The settlement comes as Meta, the company behind Facebook …

The world’s top container shipper MSC Mediterranean Shipping Co. has suspended new bookings to and from Russia’s Novorossiysk port with immediate effect after one of its vessels was attacked by a drone. The decision follows a recent strike on the …

Iran’s military said it reached a revenue-sharing agreement with Oman on the Strait of Hormuz, as Tehran and Washington’s standoff over control of the crucial waterway continues. “Agreements have been reached regarding each country’s share of the strait’s waters as …

A Hong Kong court declined to remove PricewaterhouseCoopers International Ltd. from a multibillion-dollar lawsuit brought by China Evergrande liquidators against the firm and its Hong Kong and mainland Chinese affiliates. Deputy High Court Judge Patrick Fung said the evidence PwC …

A South Carolina restaurant chain has paid more than $718,000 in back wages and penalties after federal investigators found that the company had failed to pay overtime to workers and allowed managers to dip into the tip pool. Company leadership …

Meta Platforms Inc. said it agreed to pay up to $18 billion in landmark settlements to resolve allegations from multiple US states that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Key parts of …

Alabama’s attorney general said the state had opened an investigation into OpenAI after its models hacked technology company Hugging Face last month, raising concerns about how artificial intelligence firms control their powerful systems. Here are a few details: Last week, …