National News

Beware! Thanksgiving Risks to Watch

Thanksgiving seems like the safest of holidays. No fireworks, no green beer, no candles burning brightly next to tinsel-covered kindling. Just eat your dinner, take a nap and call it a day. And yet, Thanksgiving is among the most dangerous …

Corporate America Is Rethinking Diversity Hiring as Legal Challenges Rise

The same conservative activists who helped gut race-related college admissions at the US Supreme Court have now set their sights on corporate diversity programs, barraging airlines, tech giants and law firms with lawsuits and complaints. And they’re already having an …

Binance Was Used to Funnel Money to Hamas, Other Militant Groups

In February 2019, Binance Holdings Ltd.’s then-Chief Compliance Officer Samuel Lim acknowledged that the cryptocurrency exchange was being used to funnel money to Hamas, explaining to a colleague that terrorists normally sent “small sums.” Hamas could “barely buy an AK47 …

AM Best: Number of P/C Gross Impairments Falls in 2022; No Net Impairments

Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, property/casualty insurers performed well in 2022, according to the latest report on the long-term impairment rates of U.S.-domiciled insurance companies. The report released earlier this …

Markets/Coverages: CFC Upgrades Packaged Cyber Cover, Services for SMEs

Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses. Brokers selling CFC’s professional liability policies can offer SME clients add-on cyber cover that now includes broad cybercrime coverage, as well as giving SMEs …

Judge Finds Evidence That Tesla, Musk Knew About Autopilot Defect

A Florida judge found “reasonable evidence” that Tesla Chief Executive Elon Musk and other managers knew the automaker’s vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Judge Reid Scott, …

Thanksgiving Cargo Theft Threat ‘Extremely High’: CargoNet

The threat of cargo theft activity this Thanksgiving is “extremely high” and “unlike any recent year,” according to CargoNet. CargoNet, a Verisk product, has tracked a sharp increase in year-over-year theft reports. Since November 2022, the average number of reports …

X Corp. Loses Fight to End FTC Privacy Oversight

X Corp. failed to persuade a federal judge to curb the US Federal Trade Commission’s close watch over the social media platform’s data privacy policies and block the agency from questioning company owner Elon Musk. US Magistrate Judge Thomas Hixson …

Tesla Launched its Own Car Insurance. These Drivers Say it’s a Lemon.

In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla, finding the initial $93 monthly premium “really reasonable.” Sixteen days later, as he drove along the Capital Beltway to his …

Schools Look to Improve Cybersecurity, but Many Vulnerable to Ransomware

Some K-12 public schools are racing to improve protection against the threat of online attacks, but lax cybersecurity means thousands of others are vulnerable to ransomware gangs that can steal confidential data and disrupt operations. Since a White House conference …

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