Author: completebodyneeds

California and 11 states sued to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would create a media behemoth with the power to raise prices in film and television. The lawsuit filed in Oakland federal court, threatens to derail Paramount CEO David Ellison’s bid to transform his company into a major rival of Netflix and Disney. States including New York, Arizona and Minnesota argued the deal would harm theaters and television distributors, raising prices for consumers and making wages less competitive for workers. “After this merger, for every dollar generated by wide-release theatrical films and basic…

Russia on Tuesday accused Ukraine of terrorism over its escalating attacks on shipping in the Sea of Azov, a route that handles about a quarter of its grain exports. Ukrainian drones hit 11 Russian vessels in the Sea of Azov overnight, Kyiv’s drone forces commander said. In a statement on Telegram, Robert Brovdi said the targets included five tankers, five dry cargo vessels and a tugboat, bringing the total number of vessels struck in the past nine days to 116. The report did not specify any attacks on grain ships. Industry sources, who spoke on condition of anonymity because of…

Twenty-six former employees of Meta Platforms have filed a lawsuit against the tech company, accusing it of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting people for mass layoffs. The lawsuit, filed in Oakland, California, federal court late Monday, says that the company relied on factors such as productivity and AI token usage when it began slashing thousands of jobs earlier this year, disadvantaging people who missed work because of medical conditions. Meta earlier this year said it planned to lay off 10% of its global workforce, or nearly 8,000 people, beginning…

RockRose Risk launched a “human-in-the-loop” assessments product to provide the algorithms need to price risk accurately in California. RockRose Risk, an insurance brokerage that offers property owners discounts for wildfire mitigation, launched its homeowners insurance product in California, which follows their commercial property product in California, Nevada, and Colorado. This marks the firm’s first entry into the residential market. The launch introduces Rosebud, an assessment rover equipped with cameras and lidar built to capture ground-level conditions that satellite imagery and ZIP-code models can’t see. The homeowner’s product is now available in Topanga, Grass Valley, and other California communities. Topics California…

The U.S. property/casualty industry posted its best underwriting profit and combined ratio in a decade in 2025, building upon the $1 trillion of total direct premiums written logged the prior year for the first time. According to a new report from industry financial strength rating agency AM Best, DPW grew 5% in 2025 to about $1.11 trillion. Overall, the industry’s combined ratio finished at 93 in 2025—an improvement of 3.6 points over 2024. After several years of booking underwriting losses, U.S. P/C insurers recorded underwriting income of about $23 billion in 2024 and then increased it another $38 billion to…

The chemical tanker Stolt Magnesium caught fire on Tuesday following the “explosion of an unidentified external device” as it was sailing in the Arabian Sea off the coast of Oman, according to its manager Stolt Tankers, the main unit of Norwegian shipping company Stolt-Nielsen. The incident occurred at 12:40 a.m. (2040 GMT on Monday) and caused a fire in the vessel’s engine room, it said in a statement. All of the vessel’s seafarers were safe and accounted for, it added, and the crew had begun fighting the fire. The United Kingdom Maritime Trade Operations had reported an incident 40 nautical…

Iran fired ballistic missiles at a U.S. air base in Jordan on Tuesday and the United States attacked Iranian targets for five hours in a battle for control of the Strait of Hormuz that has pushed up oil prices to four-week highs. U.S. forces launched waves of attacks for the third successive night after Iran said on Saturday it was closing the strait, prompting U.S. President Donald Trump to reinstate a blockade of Iranian shipping and propose charging a 20% fee to guard the vital waterway. The strikes have increased doubts that a memorandum of understanding (MoU) signed last month…

Two United Arab Emirates-linked supertankers came under attack while sailing “dark” through the Strait of Hormuz, threatening one of the main methods of getting non-Iranian crude to the global market during the war. A seafarer died and several were injured, Adnoc L&S, the shipping arm of the United Arab Emirates state oil giant, said in a statement. The nation’s defence ministry said Iran targeted two ships with cruise missiles. A third, smaller tanker also came under attack, maritime security companies said. The incidents are the latest in a string of attacks on commercial shipping that have shattered an interim peace…

NFP’s Clifford Named U.S. Brokerage and Account Management Leader Tom Clifford assumed an expanded leadership role as leader of U.S. brokerage and account management in the construction and infrastructure (C&I) group at NFP, an Aon company. Based in New York, Clifford will oversee the C&I brokerage strategy and relationships with insurers and wholesalers, as well as brokers and account management personnel for all construction P&C lines. He will also supervise the national account management strategy and enhance protocols for contractors and developer clients. He previously served as senior vice president, C&I, in NFP’s Northeast and Atlantic regions. Topics Construction Was…

Canada’s federal banking regulator warned the country’s largest financial institutions about the risks of Anthropic’s Claude Mythos and other advanced AI models, saying the new technology could increase cyber threats and reduce the time institutions have to identify and fix vulnerabilities, according to an email sent in April. The regulator, the Office of the Superintendent of Financial Institutions, sent the email to chief technology officers, chief information security officers, and chief risk officers across the financial industry, including the big banks and insurers, according to documents Reuters obtained through an access-to-information request. Regulators globally are trying to assess cybersecurity risks…