Elon Musk has recently filed antitrust claims against OpenAI, challenging its transition to a for-profit organization. This move has garnered the support of U.S. antitrust regulators, including the Department of Justice (DoJ) and the Federal Trade Commission (FTC). These regulatory bodies have
The current state of U.S. insurance regulations is a testament to the hard work and dedication of state insurance regulators and legislators. These civil servants play a crucial role in protecting consumers and maintaining a competitive market. However, there are areas where modernization and
The recent lawsuit and settlement involving Texas property management companies—Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC—have brought to light significant issues regarding disability discrimination. The U.S. Equal Employment Op
The Global Federation of Insurance Associations (GFIA) recently held its general assembly in Cape Town, South Africa, where it appointed Stephen Frank as its new president. Frank, who has over 20 years of experience in the financial services sector and has been the CEO of the Canadian Life and
The Prudential Regulation Authority (PRA) has proposed new regulations requiring large British life insurers to report their liquidity positions daily during market crises. This move comes in response to the information gaps identified during financial turmoil triggered by the global COVID-19
In a significant shift for California's insurance market, Farmers Insurance has announced it will resume offering multiple types of policies after a period of limiting new contracts and halting several insurance lines. This change comes as Farmers aims to ease the ongoing insurance crisis in
