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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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Opponents of a first-of-its-kind bill (SB 1047) in California aimed at regulating major developers of artificial intelligence outnumbered supporters of the measure by 3 to 1, according to analysis by the state’s Senate. Although those 150 artificial intelligence companies, trade groups and other entities and individuals failed to kill the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, their opposition reflects AI’s emergence as the central front in the ongoing battle between states and the tech industry, after years of fighting over data privacy and other issues.
And it’s not too surprising that SB 1047 drew so much attention, given that California is a national leader in tech policy and home to 35 of the world’s top 50 AI companies.
“They need to get their positions heard in Sacramento, because what Sacramento does will shape so many other states,” said Thad Kousser, a professor of political science at the University of California San Diego. (PLURIBUS NEWS)
The Federal Trade Commission reported this month that fraud losses associated with bitcoin ATMs, or BTMs—similar to regular ATMs but allowing users to buy or send bitcoin and other cryptocurrencies instead of dollars—have risen 1,000% since 2020, exceeding $65 million in the first six months of this year. BTMs are vulnerable to malware attacks, allowing hackers to steal funds or manipulate transactions. (CNBC, FEDERAL TRADE COMMISSION)
Facebook and Instagram parent company Meta released new parental control features for Texas-based users to comply with HB 18, the Securing Children Online Through Parental Empowerment Act, which was enacted in 2023 and went into effect on Sept. 1. The law was intended to restrict kids’ access to harmful online content, including material promoting self-harm or substance abuse, as well as to give parents more control over their children’s online activity. (TEXAS TRIBUNE)
—By SNCJ Managing Editor KOREY CLARK
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