Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on Monday. Vesttoo – partly backed …
White House officials concerned by AI chatbots’ potential for societal harm and the Silicon Valley powerhouses rushing them to market are heavily invested in a three-day competition ending Sunday at the DefCon hacker convention in Las Vegas. Some 3,500 competitors …
The Motor Carrier Insurance Education Foundation (MCIEF) has named Jim Schoonover its new education director. He succeeds Tommy Ruke who founded the organization in 2013. Schoonover, whose mission will be to educate transportation industry insurance professionals, began as a school …
One of five Alabama tow truck operators charged with overcharging insurance companies will go to trial in April, almost four years after the men were hit with insurance fraud charges. Danny Williams, owner of Southport Towing, in Mobile, Alabama, was …
A towering North Carolina roller coaster that shut down in June due to a large crack in its support column reopened Thursday after a month of repairs and testing, the park announced on its website. Carowinds amusement park, which straddles …
The New Jersey Supreme Court has ruled in favor of a Roman Catholic school that fired a teacher who became pregnant out of wedlock. The high court found that where an employment decision is clearly based on the tenets of …
CIBA, headquartered in Glendale, Calif., named Andrew Aldorisio head of product development and a member of the executive management team. Aldorisio has more than 15 years of insurance experience, most recently as chief underwriting officer at Obsidian Insurance Holdings, Inc., …
A Black teacher and musician who says members of a white nationalist hate group punched, kicked and beat him with metal shields during a march through Boston last year has sued the organization. Charles Murrell III, of Boston, was in …
The Vermont Department of Financial Regulation reports that the large-scale data security breach of the MOVEit software has compromised the personally identifiable information of roughly 42,000 Vermonters and more than 38 million consumers nationwide. The breach occurred when CLOP Ransomware …
The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurer, allocated $585 million to New York employers last year through its dividends and return-of-premium programs. Every year, NYSIF returns funds to New York State businesses that exhibit …
