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A federal judge declined on Wednesday to block an effort by President Donald Trump to eliminate diversity, equity and inclusion initiatives by companies that do business with the US government. US District Judge Adam Abelson in Baltimore, Maryland, said that …

More than 345,000 homes and businesses across California are facing potential power cuts this week during what’s expected to be a days-long onslaught of dangerous fire weather conditions. With drying winds forecast to blow through much of the state through …

SageSure One is expanding its California homeowners insurance offerings. The new product, from Olympus Insurance Co., provides up to $20 million in total insurable value. The non-admitted HO5 homeowners product is designed for higher-value California homes, with coverage beginning at …

Cornell University suspended parties at fraternity houses until next year and is giving state police a role in investigating reports of sexual assault on campus in the school’s latest response to outrage over its handling of a gang rape allegation. …

The Sherry-Netherland was sued by a unit owner who claims construction has shrouded her Central Park-facing terrace in scaffolding for the past six years. Lucia Isabel Alonso Espinosa said in a lawsuit filed Friday that the storied Fifth Avenue co-op …

A cargo ship sank in the Strait of Hormuz after a strike that sparked a fire and the evacuation of crew members, the Maritime and Port Authority of Singapore said. The GFS Pride was damaged in a strike by “unknown …

US chipmaker Nvidia has pledged $250 million worth of computing resources to Britain over five years, to fund AI security research, bolstering the country’s ambitions to become a global center for AI governance and security. While Britain is not home …

The Trump administration’s embrace of legal liability to enforce artificial intelligence safety sets the stage for future conflicts over who foots the bill when AI models go rogue: the companies that design the systems or the people that deploy the …

Ukrainian drones hit Russia’s biggest data center on Wednesday, part of a series of attacks appearing to target Moscow’s ambitions to develop Russian artificial intelligence capabilities on a par with those from the US and China. The strike on the …

Six Flags Entertainment Corp. has temporarily closed 10 rides at seven of its amusement parks, and the Georgia insurance commissioner’s office and local police are investigating after a man fell to his death from a roller coaster. Cobb County Police …

Liberty Mutual Insurance said it has an agreement to acquire Austral Seguradora, a top-five Brazilian surety provider headquartered in Rio de Janeiro. Upon completion of the transaction, Liberty Mutual said it will be one of the largest surety providers in …

The Illinois Department of Agriculture (IDOA) is offering its insurance discount program for cover crops for the eighth year. The program, called Fall Covers for Spring Savings Program, encourages cover crop acres not supported by other state or federal incentives. …

Ministers of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC participating countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels – over one third of the commodity value, impeding efficient movement …

Kroger Co. plans to cut more than one-third of its corporate headcount as the grocer seeks to simplify operations and compete more effectively under new Chief Executive Officer Greg Foran. The Cincinnati-based company will eliminate about 3,000 roles across various …

The average cost of a business interruption claim is nearing $1 million, an upward trend that appears to have several causes. A new report shows BI losses are being pushed up by natural catastrophes, growing risk in supply chains, rising …

Insurers are withdrawing coverage for climate-driven risks and increasingly passing on losses to governments and homeowners, according to a report published by UK-based nonprofit Inside Track. The warning adds to concerns voiced publicly by others in the industry. Last month, …

Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. will acquire a stake in IDBI Bank Ltd. for 528.78 billion rupees ($5.6 billion), making it the biggest foreign investment in India’s rapidly growing financial services sector. Fairfax Financial will own 60.72% …

The International Monetary Fund and World Bank on Oct. 14 released a framework for tackling cyber-enabled fraud, as the Thai government underlined the mounting cost of online scams that have roiled the region. The framework, known as the Bangkok Blueprint …

Missouri Attorney General Catherine Hanaway has filed a suit against Temu, an e-commerce platform based largely in China, alleging the company uses aggressive and misleading data collection practices that harm Missouri residents’ privacy. Temu incorporates misleading pricing, false statements about …

Super regional carrier Frankenmuth Insurance announced that it began expanding into Virginia late last year. Frankenmuth is now writing all commercial insurance lines for small businesses, mid-sized companies, and large commercial accounts in the state, through a select group of …