Industry News
Illegal cyber activities accounted for around a third of all crimes recorded in some Asian countries, with scams the most widespread and financially damaging, according to a new Interpol report. The global policing agency’s latest cyber threat assessment cited the …
Via: Claims Journal
Two U.S. senators are asking the nation’s traffic safety regulator to examine Tesla’s self-published crash statistics for its “Full Self-Driving” (FSD) driver-assistance system, following a Reuters investigation last month that found the EV maker was exaggerating its safety claims. Democratic …
Via: Claims Journal
A federal judge on Wednesday returned Bayer’s proposed $7.25 billion settlement of Roundup lawsuits to Missouri state court, overruling the objections of some cancer victims who said the state court could not bind a nationwide class of people who allege …
Via: Claims Journal
Amazon.com Inc. is facing a possible lawsuit from the U.S. Federal Trade Commission that may lead to billions of dollars in civil penalties, over claims the e-commerce giant misled advertisers, according to people familiar with the matter. The FTC, which …
Via: Claims Journal
As the U.S. Gulf coast braces for flooding, there’s a moderate level 4 risk of severe thunderstorms across central Illinois and Indiana. The risk for Chicago is one notch lower, but in all 46 million people across parts of 11 …
Via: Claims Journal
A cyber extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company. FulcrumSec, …
Via: Claims Journal
A former Citigroup C.N executive alleged in a lawsuit that the bank fired her in retaliation for identifying regulatory and compliance risks that, according to a Financial Times report on Tuesday, were related to Citi’s efforts to court U.S. President …
Via: Claims Journal
While visiting family in St. Petersburg, Florida, in November 2024, I found myself walking down a quiet residential street in Shore Acres, a low-lying, bayfront neighborhood not far from where I grew up. Two months earlier, Hurricane Helene had sent …
Via: Claims Journal
Artificial intelligence has become a significant industry trend that is here to stay. Insurers no longer use AI as an experimental tool but instead have ingrained it into everyday insurance operations. Notably, carriers utilize AI for underwriting, pricing, claim intake …
Via: Claims Journal
A federal judge dismissed a lawsuit on Monday by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing trade secrets for chatbots. U.S. District Judge Rita Lin in San Francisco said xAI failed to show …
Via: Claims Journal