Industry News
Police in the Netherlands have arrested a Dutch man on suspicion of cybercrime-related activities, according to the person’s employer and other people familiar with the matter. Pepijn van der Stap, 24, was arrested earlier this month and charged with involvement …
Via: Claims Journal
The Diocese of Buffalo, New York, has reached a settlement in which insurers will contribute $177 million to a fund to compensate victims of clergy sexual abuse. The insurers’ contribution is in addition to the diocese’s $150 million, bringing the …
Via: Claims Journal
A US appeals court on Tuesday upheld a ruling for information services company Thomson Reuters in its copyright dispute with former legal-research rival Ross Intelligence over Ross’ alleged misuse of copyrighted material to train an AI-powered legal search engine. The …
Via: Claims Journal
I had a conversation the other day that brought an Idaho Supreme Court decision from 2022 to my attention. If you’re interested, it’s Pena v. Viking Insurance Company of Wisconsin. This is a case about an injury sustained in an …
Via: Claims Journal
Hundreds of mom-and-pop investors lost more than $15 million in crypto and cash in fake artificial-intelligence stock trading schemes fueled by boosters in WhatsApp group chats, the Securities and Exchange Commission said Tuesday. The SEC filed two separate lawsuits against …
Via: Claims Journal
Gallagher Bassett named Frank Caruana vice president of AI solutions. Caruana will help shape a faster pace of innovation, clearer accountability and stronger platform to deliver a better client experience, the company says. AI Solutions is a new organization within …
Via: Claims Journal
The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It …
Via: Claims Journal
Hacked crypto exchange Bitget recorded roughly $463 million in net outflows in the 24 hours into Tuesday, as customers moved assets off the platform following last week’s $388 million theft. The surge came after Bitget began restoring withdrawals and marked …
Via: Claims Journal
CLARA Analytics has launched Agentic Intelligence, what the company calls “an end-to-end AI workforce” for complex casualty and workers’ compensation claims. The new product is built into the company’s CLARAty.ai platform, assigning a team of AI agents to individual claims …
Via: Claims Journal
Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation. A lawsuit filed in Connecticut federal court on …
Via: Claims Journal