regulations News

Meta Settles with Australia’s Privacy Watchdog Over Cambridge Analytica Suit

Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privacy watchdog said on Tuesday, closing long-drawn, expensive legal proceedings for the Facebook parent over the Cambridge Analytica scandal. The Office of the Australian Information Commissioner had alleged …

Wall Street Firms to Pay $470M to Settle With Regulators Over Texting

Another group of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission said in statements on …

Biden Signs Sweeping Executive Order Regulating Artificial Intelligence

President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim. The lengthy executive order, released …

Europe Mulls New Tougher Rules for Artificial Intelligence

The European Union is considering new legally binding requirements for developers of artificial intelligence in an effort to ensure modern technology is developed and used in an ethical way. The EU’s executive arm is set to propose the new rules …

How Drones Are Accelerating Digital Transformation in the Insurance Industry

Somewhere in central Michigan, a pickup truck drives into a sleepy suburban neighborhood. An autonomous drone takes flight off the truck’s flatbed and, nearly silently, heads a half-mile east, slowing above a mid-20th century craftsman home that has clearly suffered …

Southern Illinois Village at Risk if no FEMA Levee Approval

PRAIRIE DU ROCHER, Ill. — The fate of a Mississippi River levee that’s awaiting a decision on federal accreditation could put a southern Illinois village at risk of destructive flooding, the village president says. If the levee in Prairie du …

Lessons from Fintech Applied to Insurtech

I’ve seen this story before. Having worked in fintech since 2005, I witnessed the fintech wave forming, cresting, and eventually crashing into the financial ecosystem. If there is a fraternal twin to banking, it’s the insurance industry. Both industries are …

Fatal Lion Attack Nets 3 ‘Serious’ Violations for Center

RALEIGH, N.C. — North Carolina labor officials have cited an animal sanctuary for safety violations after a lion fatally mauled a 22-year old intern last December. The state Occupational Safety and Health Division issued a citation Thursday for three “serious” …

New Tool for Comparing Workers’ Comp Laws Across U.S. and Canada

A tool for researching and understanding the distinctions among workers’ compensation laws in all U.S. states and certain Canadian provinces is now available from the International Association of Accident Boards and Commissions (IAIABC) and the Workers Compensation Research Institute (WCRI). …

President Signs Pipeline Safety, Airport Security Laws

President Barack Obama has signed legislation to toughen oil and gas pipeline regulations and another to ease airport security procedures for members of the military on official travel. The president signed the legislation Tuesday as part of a post-holiday, back-to-business …