Yearly Archives: <span>2023</span>

Iceland’s Volcanic Eruption Is Dramatic. But It Won’t Cool the Planet.

A volcanic eruption on Iceland’s Reykjanes Peninsula sent lava flowing through a 4-kilometer (2.5-mile) crack in the Earth’s crust. The eruption began in earnest on Monday and occurred near the evacuated fishing town of Grindavík, with lava shooting into the …

Pulitzer-Winning Authors Join OpenAI, Microsoft Copyright Lawsuit

A group of 11 nonfiction authors have joined a lawsuit in Manhattan federal court that accuses OpenAI and Microsoft of misusing books the authors have written to train the models behind OpenAI’s popular chatbot ChatGPT and other artificial-intelligence based software. …

Apollo-Owned Aspen Insurance Files for IPO in US

Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose details about the size of the offering, but is reportedly …

Citi Suit Raises #MeToo Claims at Wall Street’s Top Levels

Ardith Lindsey’s lawsuit accusing Citigroup Inc. of tolerating years of sexual harassment and assault against her struck a chord across Wall Street for many reasons, not least of which was her title: managing director. It’s typically the most senior rank …

Toyota Recalling Over 1 Million Vehicles Over Potential Air Bag Issue

Toyota Motor said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed. The recall covers 2020 through 2022 model year vehicles including various Avalon, …

Company Party Tips: Be Joyful, Not Liable

The company holiday party holds inherent potential for drama and danger. Holiday parties have bounced back big-time post-pandemic. The 2023 Challenger Holiday Party Survey from Challenger, Gray and Christmas, Inc. found that 64.4% of companies will have in-person holiday parties …

30 Florida Counties Join Suit Against Tax-Bill-Based Home Hardening Program

Tax collectors in more than 30 Florida counties have joined a lawsuit against a home-hardening and energy efficiency program, arguing that it misleads homeowners and saddles them with huge property tax bills. The Florida PACE Funding Agency has pushed back, …

Latin American Wealth Flocking to Miami, Boosting Real Estate Investments

Latin America’s wealthiest investors are taking their fortunes to Miami at one of the fastest clips in history, with some fleeing regional turmoil and others lured by yields higher than they can find at home. For JPMorgan Chase & Co. …

Storm in Northeast Take 5 Lives; Causes Power Outages, Floods, Road Damage

Just days before the Christmas holiday, people across the northeastern U.S. were mopping up Tuesday after a major storm dumped torrential rains and brought damaging winds from Pennsylvania to Maine, as some rivers in the region rose even higher. At …

California Workers’ Comp Report Shows Written Premium Nearing Pre-Pandemic Levels

A new report from the Workers’ Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14% above the previous year. The WCIRB’s Quarterly Experience Report is an update on California statewide insurer experience as of September 30, …