In an era of heightened climate risks and evolving insurance dynamics, the traditional insurance model faces a conundrum. Insurers find themselves grappling with the aftermath of more frequent and severe storms, and struggling to collect adequate premiums while navigating stringent …
Investigations of cases where artificial intelligence (AI) is used to break the law will be streamlined under a new process approved by the U.S. Federal Trade Commission, the agency said on Tuesday. The move, along with other actions, highlights the …
The U.S. Food and Drug Administration (FDA) on Wednesday classified the recall of Philips’ medical imaging devices as most serious as their use could cause serious injuries or death. The Dutch medical devices maker started the process on Nov. 30 …
Honda Motor‘s American unit is recalling 2.54 million vehicles in the United States over risks of fuel pump failure, the first recall for the issue by the Japanese automaker. Honda previously recalled 628,000 U.S. vehicles in 2021 and 136,000 in …
Rite Aid Corp. must stop using facial recognition for the next five years as part of a privacy settlement with the US Federal Trade Commission, which said the pharmacy chain misused the technology to mistakenly tag consumers as shoplifters. In …
A group of 11 nonfiction authors have joined a lawsuit in Manhattan federal court that accuses OpenAI and Microsoft of misusing books the authors have written to train the models behind OpenAI’s popular chatbot ChatGPT and other artificial-intelligence based software. …
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose details about the size of the offering, but is reportedly …
Ardith Lindsey’s lawsuit accusing Citigroup Inc. of tolerating years of sexual harassment and assault against her struck a chord across Wall Street for many reasons, not least of which was her title: managing director. It’s typically the most senior rank …
Toyota Motor said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed. The recall covers 2020 through 2022 model year vehicles including various Avalon, …
The company holiday party holds inherent potential for drama and danger. Holiday parties have bounced back big-time post-pandemic. The 2023 Challenger Holiday Party Survey from Challenger, Gray and Christmas, Inc. found that 64.4% of companies will have in-person holiday parties …
