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At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based
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News
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California
4+ day, 2+ hour ago (292+ words) For the first time in three years, capacity is returning to the California homeowners insurance market. Those commitments are showing up in policy counts, not just press releases. After three years of pullback, the trend seems to be finally turning....
Intense Los Angeles Heat to Send State's Power Demand Soaring
5+ day, 2+ hour ago (404+ words) California faces a short but sharp rise in temperatures that will boost electricity demand as unusually warm nights offer little relief. Heat advisories will cover much of California’s coast and Central Valley, including the Bay Area and Los Angeles, through…...
Judge Nixes Uber's RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims
1+ week, 7+ hour ago (546+ words) By Andrew G. Simpson A federal judge in New York has dismissed a racketeering lawsuit by ride-sharing firm Uber against several injury law firms, doctors, and pain clinics alleging they conspired to extract inflated auto insurance claims payments through staged accidents,…...
OpenAI Agents Hijacked German Website in Previously Undisclosed AI Breakout
1+ week, 2+ day ago (741+ words) OpenAI officials learned of the incident weeks ago but kept it under wraps as executives grappled with the fallout from the July breach of the open source repository Hugging Face, the people said. During the Hugging Face breach, OpenAI agents…...
Pabst Offers $20K Reward for Missing Beer in California Truck Heist
1+ week, 2+ day ago (314+ words) Pabst Blue Ribbon wants its beer back, and it’s offering a reward to help that happen. Greig DeBow, the CEO of Pabst Brewing Co., said Wednesday that the company will pay up to $20,000 to anyone who provides new information that…...
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention
1+ week, 3+ day ago (368+ words) Lockton Insurance is among companies named in the NBA’s investigation into the Los Angeles Clippers’ circumvention of league salary cap rules to sign star Kawhi Leonard. Leonard and his then-business partner, Dennis Robertson, violated the league’s circumvention rules by pressuring…...
Judge Bars EPA Effort to Send California Vehicle Emissions Rules to Congress
1+ week, 3+ day ago (359+ words) A judge in Washington on Wednesday blocked the U.S. Environmental Protection Agency from sending landmark California vehicle emissions rules for a potential repeal to the Republican-controlled Congress. If the Trump administration is successful, it would bar California indefinitely from regulating tailpipe…...
PG&E to Defer $2 Billion of Work After California Shelved Fire Bill
1+ week, 4+ day ago (429+ words) PG&E Corp. plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California’s wildfire response didn’t do enough to protect…...
Report: Medical Service Costs in California Comp Rising With Payments, Utilization
1+ week, 5+ day ago (263+ words) Medical service costs in California workers’ compensation rose 5% last year on the back of growth in both average payments and utilization, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its Medical Service Cost Trends report,…...
California Lawmakers Adjourn Without Voting on Wildfire Bill
1+ week, 5+ day ago (450+ words) The California Assembly adjourned without passing a revamp of the state’s wildfire response, sending up shares in two key power utilities, PG&E Corp. and Edison International. The deal fell apart Tuesday as lawmakers prepared to leave the state capitol....