A federal judge in Delaware on Tuesday said that a former competitor of Thomson Reuters was not permitted by U.S. copyright law to copy the information and technology company’s content to build a competing artificial intelligence-based legal platform. U.S. Circuit …
Thomson Reuters Wins AI Copyright ‘Fair Use’ Ruling Read More »
The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25 billion (US$2.2 billion), according to the Insurance Bureau of Canada, quoting statistics issued by Catastrophe Indices and Quantification Inc. (CatIQ). …
Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster Read More »
The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage. Tuesday’s proposed class action …
Edison Utility Faces Shareholder Lawsuit Over LA Wildfires Read More »
The European Union is reviewing the extent to which companies can be held liable for environmental and human rights breaches in their supply chains, ahead of a package designed to remove red tape from the bloc’s ESG regulatory framework. The …
EU Weighs Easing Corporate Liability Under Toughest ESG Law Read More »
Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in early 2024. He delivered the grain before both companies declared bankruptcy, leaving him short C$165,000 ($113,487.86) they owed. Now Prybylski …
Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net Read More »
Tropical Cyclone Zelia has strengthened off Western Australia and is expected to cross the coast on Friday near the nation’s major iron ore export hub, bringing heavy rain and damaging wind gusts. Zelia is forecast to intensify further as it …
Cyclone Zelia Strengthens Off Australia’s Major Iron Ore Hub Read More »
Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy transition as part of its climate change and carbon reduction goals, Environment Minister Peng Chi-ming has said. Although most countries …
Taiwan Environment Minister Eyes Insurance Funds to Help With Green Transition Read More »
UniCredit SpA has expanded its holding in Italy’s largest insurer, potentially giving Chief Executive Officer Andrea Orcel more influence in future deals. Orcel said Tuesday during UniCredit’s fourth-quarter earnings call that the bank now controls more than 5% in Assicurazioni …
UniCredit Raises Generali Stake as CEO Orcel Seeks Deals Influence Read More »
The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial rule requiring thousands of public companies to disclose the threats their businesses face from risks related to the climate and …
US SEC Will Not Defend Climate Rule in Court Read More »
Municipal bonds sold by the state of Florida are poised to become much scarcer. That’s because Governor Ron DeSantis plans to pay down $1.7 billion of tax-supported debt as part of his budget proposal for the fiscal year that begins …
Cash-Flush Florida Seeks to Retire $1.7 Billion of Debt and Prepare for Storms Read More »
