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Bankman-Fried Was ‘Math Nerd’ Who Overlooked Risk Management

Sam Bankman-Fried’s lawyer laid out his defense case at his fraud trial on Oct. 4, portraying the 31-former billionaire as a “math nerd” who overlooked risk management in building his FTX exchange, but did not steal customer money. Bankman-Fried has …

National Security Agency Is Starting an Artificial Intelligence Security Center

The National Security Agency is starting an artificial intelligence security center – a crucial mission as AI capabilities are increasingly acquired, developed and integrated into U.S. defense and intelligence systems, the agency`s outgoing director announced Thursday. Army Gen. Paul Nakasone …

Federal Judge Dismisses Lawsuit Alleging Discrimination in Texas A&M Faculty Fellowship Program

A federal judge has dismissed a lawsuit brought against Texas A&M University claiming a faculty fellowship program at the flagship in College Station discriminated against white and Asian male candidates. In a decision published Friday, U.S. District Judge Charles Eskridge …

Iowa Farmers Eligible for $5 per Acre Discount on Spring Crop Insurance Premiums for Planting Fall Cover Crops

Iowa farmers and landowners who plant fall cover crops will soon have the opportunity to apply for a $5 per acre discount on their spring crop insurance premiums, Iowa Secretary of Agriculture Mike Naig announced. Farmers and landowners may start …

MGT Partners Acquires CM Select Insurance Company in Wisconsin

MGT Partners LLC acquired CM Select Insurance Company from Church Mutual Holding Company Inc. The deal is subject to approval of regulatory filings. CM Select will be rebranded as MGT Insurance and operate as a tech-enabled risk solutions platform focused …

Trump Civil Trial Day 3: Trump Appeals Pre-Trial Ruling; Judge Chides Lawyers

A judge overseeing Donald Trump’s civil fraud trial pounded his fists in frustration with the former U.S. president’s lawyers on Wednesday for what he described as redundant and “ridiculous” cross-examination of a witness. The heated exchange occurred on the third …

New York City Subway Flood-Protection Projects Behind Schedule, Audit Says

Some projects designed to make New York City’s transit system more resilient in severe weather are behind schedule or over budget, according to an audit released on the same day that flash floods forced the closing of several subway lines. …

As Trial Opens, FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage

Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment of legal costs. The suit …

California Workers’ Comp Written Premium in 2022 Was Near Pre-Pandemic Level

Written premium in 2022 was 14% higher than 2021 and almost at the pre-pandemic level – an increase was driven by higher employee wage levels and the economic Recovery, according to a new report out on Wednesday from the Workers’ …

Ex-Tesla Factory Worker Loses Bid in California for New Trial in Race Bias Case

A Black former factory worker for Tesla lost his bid on Wednesday for a third trial in his race discrimination lawsuit against the electric carmaker, after a California federal judge rejected his claims that the company’s lawyers had engaged in …

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