Industry News
Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Late last week, Canada-based …
Via: Claims Journal
Executives are questioning the value of an MBA in the AI-era. Some 86% of the more than 1,000 U.S. financial services executives surveyed by consulting firm PricewaterhouseCoopers LLP say they think AI training is more valuable than an MBA for …
Via: Claims Journal
Hundreds of structures have been destroyed and tens of thousands have been evacuated, as wildfires rip through eastern Washington.
Via: Claims Journal
Twin City Fire Insurance Co. said it is not obligated to cover a Virginia employer’s $10 million punitive damages penalty for racial bias because the company’s behavior was found by a jury to be intentional. The employer, Society for Human …
Via: Claims Journal
Chrysler-parent Stellantis said Friday it will recall just over 1.5 million Ram 1500 pickup trucks worldwide over a seat belt issue. The recall covers 2019–2026 Ram 1500 vehicles that may have been built with a second-row center or second-row driver …
Via: Claims Journal
A German court ruled on Friday that AI music firm Suno violated copyrights and has to disclose illicit revenue, part of a wider legal battle by artists and publishers against technology firms. The Munich-based regional court said Suno did not …
Via: Claims Journal
Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers. Wiz said in a post on its website that a now-patched vulnerability in a key Microsoft …
Via: Claims Journal
Trucking and logistics stocks are poised for their worst month in more than a year, weighed down by mounting concerns over a recent legal decision that can hurt industry brokers, alongside disappointing earnings. A gauge for the group — the …
Via: Claims Journal
U.S. auto safety regulators opened an investigation into Tesla Inc.’s most-popular models after a series of complaints by drivers over the sudden failure of suspension in their vehicles. The National Highway Traffic Safety Administration has received 156 reports of apparent …
Via: Claims Journal
Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly, …
Via: Claims Journal