Perplexity AI Inc. was accused in a lawsuit of surreptitiously sharing the personal information of its users with Meta Platforms Inc. and Alphabet Inc.’s Google in violation of California privacy laws. As soon as users log into Perplexity’s home page, trackers are downloaded onto their devices, giving Meta and Google full access to the conversations between them and Perplexity’s AI Machine search engine, according to the proposed class-action complaint filed Tuesday in federal court in San Francisco. This allows Meta and Google “to exploit this sensitive date for their own benefit, including targeting individuals with advertising and reselling their sensitive…
Author: Awais
The Slack messages began arriving at 5:47 a.m. on a recent Monday. Three sales proposals had gone out the previous week and none of the team members had scheduled follow-ups. The reminders were crisp, professional and relentless — and they hadn’t been sent by a human. They came from Junior, an AI employee from the startup Kuse AI. Xiankun Wu, the company’s founder, is creating the kind of workplace that feels both inevitable and unsettling. He’s offering a new type of colleague who is entirely virtual and behaves uncannily like the most driven new hire you’ve ever worked with. Wu,…
Hopes for a swift end to the Middle East war faded on Thursday after U.S. President Donald Trump vowed more aggressive strikes on Iran, disappointing investors hoping for clearer signals of a way out of the month-long conflict. Stocks slid, oil prices surged and the dollar gained after Trump said military operations would be intensified in the next two to three weeks, offering no concrete timeline for ending hostilities that have sparked global energy supply chaos and threatened to send the world economy into a tailspin. “I can say tonight that we are on track to complete all of America’s…
Audrey Howell Kalepa, headquartered in New York City, appointed Audrey Howell as head of product. Howell will lead Kalepa’s product vision and strategy, driving innovation and AI advancements across the platform. Howell has over a decade of product leadership experience building technology products, previously serving as product manager at Palantir Technologies, vice president of product at Butterfly Network Inc., and head of product at Deep Origin. Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in your inbox every business day. Get the insurance industry’s trusted newsletter
A number of Baidu Inc.’s Apollo Go robotaxis suddenly stopped on the streets of China’s Wuhan city on Tuesday, trapping passengers in vehicles and raising concerns about the safety and reliability of autonomous driving technology. Wuhan police received multiple reports of Apollo Go vehicles stuck in the middle of roads and unable to move, authorities said in a Weibo statement. It’s unclear how many vehicles were affected, but police said a preliminary assessment indicates that the problem was due to a system fault. Officers worked with Baidu employees to respond to the situation, authorities said. Baidu didn’t respond to an…
After breaking all records last year, catastrophe bond market momentum persisted through the first-quarter of 2026, with a significant $6.7 billion of new risk capital analysed and tracked in the period, making Q1 2026 the second most active start to the year in the cat bond market’s history, Artemis’ new quarterly catastrophe bond market report shows.The Artemis Q1 2026 Catastrophe Bond and related insurance-linked securities (ILS) Market Report, available to download now, examines the cat bond and related ILS risk capital issued in the busy first-quarter and key trends from the period. The Artemis Q1 2026 catastrophe bond and related…
Hospitals in 16 states have sued the department, arguing a 2023 final rule underpays hospitals that treat a disproportionate number of low-income patients.
Kin Insurance, the direct to consumer insurtech, appears to have fixed on the target size for its new Hestia Re Ltd. (Series 2026-1) catastrophe bond issuance, we are told, with now $335 million of fully-collateralized named storm reinsurance protection sought from the deal, while pricing has lowered again for some of the notes on offer.Kin made its return to the catastrophe bond market in March for its fourth catastrophe bond under the Hestia Re program, with the company also expanding its target for coverage, with this Hestia Re 2026-1 cat bond set to become the first to provide the insurer with reinsurance…
The insurer had until the end of March to correct faulty data submissions or be hit with severe sanctions from the CMS. But regulators agreed to give Elevance more time to comply.
Consultancy Lane Financial LLC launches its new report on the catastrophe bond market with some good news, its analysis shows the outstanding market yield of non-impaired natural cat bonds is no longer as soft as it was at the end of 2025, but the firm also highlights that investor returns have been eroded by falling secondary market prices.In its last analysis report, Lane Financial said that 2026 began with a “historically” soft market for the insurance-linked securities (ILS) sector, as catastrophe bond multiples had declined resulting in a forecast for this year of a total return of just 6% after…
Eric Tennant with his wife, Becky, and daughter, Amiya.(Becky Tennant) Six months after a West Virginia man died following a protracted battle with his health insurer over doctor-recommended cancer care, the state’s Republican governor signed a bill intended to curb the harm of insurance denials. West Virginia’s Public Employees Insurance Agency enrolls nearly 215,000 people — state workers, as well as their spouses and dependents. The new law, which will take effect June 10, will allow plan members who have been approved for a course of treatment to pursue an alternative, medically appropriate treatment of equal or lesser value without…
Texas Attorney General Ken Paxton filed a lawsuit against Permian Basin Containers, LLC (“PBC”) and related entities for violations of Texas environmental laws and regulations after the company caused a catastrophic chemical fire in Odessa that endangered public health. Paxton sued PBC, its owners and operators, and related entities for failing to properly manage, contain, and remediate hazardous waste that was released into the environment in the wake of a massive fire at their facility on July 23, 2024. The fire caused explosions of chemical containers and released toxic substances into the air, soil, and groundwater. This contaminated properties and…
A 15-year-old student shot a teacher at a Texas high school and then fatally shot himself Monday, according to authorities, who were still investigating what led to the early morning attack. No other injuries were reported at Hill Country College Preparatory High School in Bulverde, a small but growing city near San Antonio. The teacher was taken to a nearby hospital. Comal County Sheriff Mark Reynolds said hours after the shooting that he did not know her condition. “What happened today is something no community ever wants to face, but we prepare for something that we hope never occurs,” Reynolds…
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Cities and Villages Mutual Insurance Company based in Wauwatosa, Wisconsin. The outlook of the FSR has been revised to stable from negative, while the outlook of the Long-Term ICR is negative. The Credit Ratings (ratings) reflect Cities and Villages’ balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management (ERM). The Long-Term ICR downgrade reflects…