National News

Viewpoint: Cyber Insurance Market Themes to Look Out for in 2024

After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s luck, I wanted to have another roll of the dice in offering my thoughts on cyber insurance themes to look …

OpenAI Claims New York Times Isn’t ‘Telling the Full Story’ in Suit

OpenAI publicly addressed a lawsuit from the New York Times in a strongly worded blog post on Monday, saying the newspaper’s complaint was “not telling the full story” about its use of Times data. The suit, filed in December, claims …

SCOTUS Declines to Hear Exxon, Koch Industries Appeal on Venue in Climate Case

The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into …

Airlines Cleared to Inspect Grounded Boeing Jets After Mid-Air Incident

A delay in the inspection of grounded Boeing jets ended on Monday after U.S. officials retrieved a panel that blew off an Alaska Airlines 737 MAX 9 airliner and shares in the planemaker sagged on concerns over the troubled jet …

J&J to Pay $700 Million to Settle States’ Talc-Marketing Probe

Johnson & Johnson has tentatively agreed to pay about $700 million to resolve an investigation by more than 40 US states of claims that it wrongfully marketed its talc-based baby powder by not warning about possible health risks, according to …

Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership

Specialty MGA Rokstone of the Aventum Group announced a significant enhancement to its North American marine operations. Allianz Commercial has committed a $25 million facility to Rokstone. This latest deal will provide Rokstone’s North American wholesale Marine Specialty business, led …

Majesco Acquires Decision Research Corp. Insurance Software Business

Majesco, a cloud insurance software provider for the insurance business, announced it has acquired the Decision Research Corporation (DRC) business. DRC, based in Philadelphia-based, is an SaaS-based insurance software company. It offers enterprise rating for large insurers, a reinsurance product, …

FEMA Adds Nearly $620M to Reinsurance Program

FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program’s financial risk to the private reinsurance market as part of its 2024 reinsurance placement. The 2024 reinsurance placement covers portions of NFIP losses above …

Microsoft, OpenAI Hit With New Lawsuit by Authors Over AI Training

OpenAI and its financial backer Microsoft were sued on Friday in Manhattan federal court by a pair of nonfiction authors who say the companies misused their work to train the artificial-intelligence models behind the popular chatbot ChatGPT and other AI-based …

Google Must Bargain With YouTube Worker Union, US Labor Board Rules

Alphabet Inc’s Google violated U.S. labor law by refusing to bargain with a union representing contract workers for YouTube Music, a federal agency has ruled. The National Labor Relations Board (NLRB) in a decision on Jan. 3 rejected claims by …

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