National News

Wind Farm Developer Settles for $125M over Scrapped Offshore Projects

Danish wind farm developer Orsted will pay New Jersey $125 million to settle claims over the company’s cancellation of two offshore wind farms last year — a little over a third of what the company once was required to pay. …

The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and Insurers

Last year while I was out of town, a roofing company showed up at my home and told my wife there had been a hailstorm recently, so they were visiting impacted neighborhoods and providing free inspection services. She let them …

FBI Takes Down Massive Global Army of Zombie Computer Devices

The FBI said it has dismantled what is likely the world’s largest botnet — an army of 19 million infected computers — that was leased to hackers for cybercrimes. The botnet, which was spread across more than 190 countries, enabled …

Visa, Mastercard to Pay $197 Million to Settle Consumer ATM Fee Lawsuit

Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ lawyers revealed the proposed accord on Wednesday in …

American Airlines Sued for Removing Black Passengers From Flight

American Airlines was accused in a lawsuit on Wednesday of race discrimination for temporarily removing three Black men from a flight from Phoenix, Arizona, to New York City. In a complaint filed in federal court in Brooklyn, the plaintiffs said …

Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry

The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The …

Texas Storm Leaves Thousands of Homes Without Power: Weather Watch

More than half a million electricity consumers are still without power in Texas and over one thousand flights were canceled after powerful storms charged along the Rio Grande late Tuesday. Across parts of Texas, and mostly in the east, 500,789 …

Most EVs in the U.S. Are Still Being Shipped to the Same Few States

As the US car market swiftly and steadily goes electric, the Volkswagen ID.4 remains near the front of an increasingly crowded field. Americans bought nearly 6,200 of them in the first three months of this year. But if you want …

How GenAI is Improving Claims Efficiency and Customer Experience

Just over one year into the generative artificial intelligence (GenAI) revolution, businesses in virtually every industry have been grappling with how, exactly, to convert the sizzle around the technology into real-world, practical applications that drive quantifiable results. While the hype …

Cencora Notifies Individuals About Data Stolen Earlier This Year

U.S. drug distributor Cencora has notified affected individuals that their personal and highly sensitive medical information was stolen during a cyberattack and data breach earlier this year, the company said on Friday. The company, formerly known as AmerisourceBergen Corp, had …

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