Insurance software maker Guidewire said this week it would buy hyperexponential for $1.7 billion in cash and up to $400 million more if revenue targets are met, to expand into AI tools that help insurers assess price and risk. London-based …
Japanese electric motor maker Nidec said on Tuesday it had decided to sue founder Shigenobu Nagamori and eight other former executives for damages over suspected accounting irregularities that have put its stock market listing at risk. Besides Nagamori, the company …
The U.S. Federal Trade Commission and 20 states sued Dollar General Corp. on Monday, alleging the discount retailer routinely charged customers more than the prices displayed on shelves or in advertisements. Dollar General, which operates more than 21,000 stores, overcharged …
Novo Nordisk A/S lost a bid in a U.S. court to temporarily block Eli Lilly & Co. from using advertisements that claim its drugs are more powerful, a setback to Novo as it battles to regain a larger share of …
Insurance Journal’s Risky Future series is hosting the “AI Tools for Fraud Detection and Compliance” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance carriers, SIU teams, compliance officers, claims leaders, and more. This event will …
Tropical Cyclone Arnab is expected to hit India’s east coast on Wednesday, marking a break in an otherwise calm season that’s been subdued by a severe El Niño. Arnab is currently 859 kilometers (534 miles) southwest of Kolkata, packing top …
Rimkus named Chris Rayasam CEO and president. Rayasam, who will also join the board of directors, will be in charge of Rimkus’ reinforcement of its global forensic engineering capabilities, which include vehicle accident reconstruction and digital forensics, and he will …
Rimkus named Chris Rayasam CEO and president. Rayasam, who will also join the board of directors, will be in charge of Rimkus’ reinforcement of its global forensic engineering capabilities, which include vehicle accident reconstruction and digital forensics, and he will …