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 …
Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals …
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 …
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 …
tanding on a dais at a General Motors truck engine plant in Flint, executive chief engineer Mark Dickens plays a recording of the company’s all-new V-8 revving up. “I never get tired of hearing the engine roar,” says Dickens, who …
A U.S. jury ruled that Apple owes San Diego-based Taction more than $5.7 billion for using its patented technology to power the haptic feedback in iPhones and Apple Watches. Apple said it would appeal the country’s largest such verdict to …
California is facing a potentially multi-billion-dollar flood threat as El Niño gathers strength in the Pacific Ocean. The warming El Niño phenomenon tends to unleash powerful storms in the Pacific, including atmospheric rivers, some of which are named the “Pineapple …
Slips, trips and falls are a leading cause of injuries and fatalities in the United States. As a result, the cost of these mostly avoidable tragedies results in significant personal and financial loss. To best manage claims, it is essential …
Production of Ford Motor’s best-selling F-150 pickup truck has been halted for nearly a week at a Detroit-area plant, according to a memo viewed by Reuters. All production crews at Dearborn Truck Plant were canceled starting Thursday, through Tuesday, September …
An Alabama jury will hear the state’s claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety, in the first case against the company to reach trial in …