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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …