Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter. Point72 Asset Management informed investors on Wednesday that it had been attacked, …
A Broward County jury on Thursday exonerated the Simpson Thacher & Bartlett law firm, finding the large New York firm’s lawyers were not negligent in the downfall of Patriot National, the Florida insurance services firm that went bankrupt a decade …
Ignite Specialty Risk, the London-based managing general agent, has launched operations in Sydney, Australia, led by Lucinda Stormont-Sainsbury. “Australia is an important strategic market for Ignite and establishing our Australian operations marks a significant milestone in our international growth,” commented …
Old Republic International Corporation announced that John Paulk has been appointed Chief Operating Officer of Old Republic Excess & Surplus, reporting to Ralph Sabbagh, President. In making this announcement, Craig Smiddy, Old Republic International’s President and Chief Executive Officer, noted, …
Chinese firm Moonshot’s latest artificial intelligence model broke out of a cyber-testing environment, researchers said, in the latest incident that raises concerns about how well AI companies control their technology. Moonshot’s Kimi K3 was able to find its way out …
Illinois Governor J.B. Pritzker this week signed legislation that gives the state’s insurance department authority to object rates it deems are excessive, inadequate, or unfairly discriminatory. HB 4273 and SB 714 allow the Illinois Department of Insurance to review homeowners …
The U.S. Department of Labor has recovered thousands in back wages and assessed penalties after a federal investigation revealed child labor, minimum wage, and overtime violations by the operators of three La Panaderia Bakery & Café locations in San Antonio. …
President Donald Trump this week criticized Texas for being anti-data centers, just days after Republican Gov. Greg Abbott paused industry-wide approvals until the companies provide the state with more information on things like power and water use. “I saw Texas …
A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children’s wellbeing. Judge …
Two former Volkswagen AG engineers denied charges they made a combined $300,000 trading on secret information about the German carmaker’s planned $5 billion joint venture with electric-vehicle maker Rivian Automotive Inc. The engineers, Michael Stamp and Marcus Plank, both in …