A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial …
For years, artificial intelligence researchers have warned of ways the technology could wipe out humanity: AI bots could design an unstoppable disease, unleash a nuclear war, or transform all of Earth into paper clip factories, as one thought experiment goes. …
The US Senate on Sept. 30 blocked legislation requiring state utility regulators to consider whether large electricity users, including data centers, should bear the incremental costs of power infrastructure built to serve them and thus ease the burden on households. …
Sedgwick named Courtney Welton global chief legal officer, general counsel and corporate secretary. Welton will serve as a member of the executive leadership team and help guide the company’s legal strategy, governance, regulatory compliance and risk management efforts. Welton has …
UnitedHealth Group Inc. must defend itself against a slimmed-down lawsuit by a major shareholder that alleges investors were deceived about financial transactions that boosted earnings, a federal judge ruled. U.S District Judge Jeffrey Bryan said Wednesday that the California Public …
A decision by the Georgia Supreme Court this month may have opened the door to more subrogation claims against law enforcement agencies that cause damage to property during non-emergency police procedures. In a case involving helicopter rotor-wash damage to a …
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) of Lloyd’s insurer Beazley, effective today. Beazley shares were suspended this morning from the London Stock Exchange with delisting planned for Oct. 2. Under the terms of the deal (known …
Europe’s insurance and pensions watchdog warned extreme heat is adding to the risks the two industries face. The European Insurance and Occupational Pensions Authority said multiple coverage areas are likely to be impacted as temperatures rise, including medical costs and …
A vast majority of Americans favor requiring artificial intelligence companies to meet independent safety benchmarks for their models, even if those standards mean slowing development of the technology, according to a new poll. Against a backdrop of growing global anxiety …
Taiwan Semiconductor Manufacturing Co. is weighing a new campus in Texas that would add tens of billions of dollars in new investment to the company’s multiyear expansion into chipmaking in the US. The go-to chipmaker for Nvidia Corp. and Apple …