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SC Proposes Rate Cuts for Some Credit Property Insurance South Carolina’s Department of Insurance plans to cut the rates for some credit property insurance, which lenders sometimes require to protect...
States Eying Higher Electricity Rates for Data Centers At least a dozen states are considering ways to make data centers pay more for their power, with evidence mounting that data center demand is driving...
Evers Vetoes Insurance Reg Exemption for Direct Primary Care Doctors Wisconsin Gov. Tony Evers (D) vetoed a bill ( SB 4 ) that would have exempted primary care doctors who provide care to patients who...
A few months ago we reported on state legislation targeting “predictive pricing,” the use of “data analytics, machine learning and algorithms to anticipate market demand and adjust prices...
CA Regulators Complete Review of Wildfire Risk Model California’s Department of Insurance has completed a review of the state’s first wildfire catastrophe model, which property/casualty insurers...
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The National Highway Traffic Safety Administration (NHTSA) sent a letter to the Massachusetts attorney general’s office last week giving the state the go-ahead to enforce the right to repair law voters approved there in 2020. That notification was a U-turn for the agency, which in June instructed automakers not to comply with the Massachusetts law, saying the “open data platform” it called for could place cars sold in the state at risk of being taken over by hackers. (WIRED)
Nvidia reported second quarter revenue of $13.51 billion, an 88% increase from the second quarter of 2022, and said it expected revenue of about $16 billion in the current quarter, a 170% increase over the same period last year. The revenue surge highlights the strength of the generative AI boom and demand for the company’s graphics processing units in particular. (CNBC)
Two victims of stalking have filed a proposed class-action lawsuit against Tile Inc. and Amazon in U.S. District Court for the Northern District of California alleging the Tile tracking device, used to determine the whereabouts of missing keys or a purse, was marketed “both explicitly and implicitly for the purpose of tracking people—particularly women.” Amazon partnered with Tile in 2021 to improve its Sidewalk tracking network, which the suit alleges “made the Tile tracker vastly more effective, and therefore vastly more dangerous.” (INSURANCE JOURNAL)
—Compiled by SNCJ Managing Editor KOREY CLARK
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