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Trafigura lawyers accused Prateek Gupta of having had a history of fraudulent dealings before he allegedly organized a $600 million metals scam with the commodity group, as the Indian businessman gave evidence for the first time on Wednesday. Gupta acknowledged …

OpenAI defended itself against a lawsuit accusing ChatGPT of coaching a 16-year-old to kill himself, saying the chatbot directed the teenager to seek help more than 100 times. In a court filing Tuesday, the artificial intelligence startup called the death …

Insurers in the UK detected £1.16 billion (US$1.5 billion) worth of fraudulent insurance claims in 2024 – a 2% increase from £1.14 billion reported during the previous year, according to the Association British Insurers. Insurers uncovered at least 98,400 fraud-related …

Pennsylvania Gov. Josh Shapiro and leaders of Philadelphia’s mass transit agency said Monday that the system is fully complying with federal orders to take measures to help prevent fires in an aging electric railcar model that is heavily used in …

Allianz SE is in talks about potential job cuts at its assistance and travel insurance subsidiary Allianz Partners as it seeks to use more artifical intelligence. The cuts will likely affect call center positions, the person said, declining to be …

Africa Specialty Risks (ASR), a re/insurance group that focuses on developing markets, announced the launch of Lloyd’s Syndicate 2454 in South Africa. Based in Sandton, ASR’s syndicate underwriters will underwrite insurance and reinsurance risks in South Africa and neighboring countries, …

The Trump administration’s latest attempt to isolate Nicolás Maduro’s government further complicates day-to-day operations for foreign oil companies in Venezuela, experts say. On Monday, the administration designated Cartel de los Soles as a foreign terrorist organization that it says is …

Poland’s deputy prime minister said he expects Russia to escalate its sabotage activities in the country following an explosion on a busy rail route to Ukraine for which authorities blame Moscow. Krzysztof Gawkowski told Bloomberg News that the NATO member’s …

This year’s Atlantic hurricane season was marked by contrasts, according to the National Oceanic and Atmospheric Administration (NOAA). From intense bursts of activity to relative calm, the season will end on November 30 with activity falling within the agency’s predicted …

Mark Zuckerberg and other Meta Platforms Inc. directors agreed to a $190 million settlement of claims they failed to rectify repeated violations of Facebook users’ privacy and improperly engineered an accord to shield the billionaire chief executive officer from personal …

Old Republic National Title Insurance Co., one of the largest title insurers in Florida, did not fraudulently transfer assets from a bankrupt subsidiary, and the bankruptcy court did not err in excluding an expert’s valuation testimony, a federal appeals court …

The U.S. Department of Labor has cited a fresh-cut vegetable processing company for willfully and repeatedly violating safety requirements after a worker was fatally injured while cleaning and sanitizing a machine. The department’s Occupational Safety and Health Administration (OSHA) cited …

NFP named Tom Gillingham president, commercial risk, expanding his executive leadership across NFP’s commercial property/casualty programs and wholesale businesses. Based in Seattle, Washington, Gillingham joined NFP in 2017 as part of NFP’s acquisition of EverGuard Insurance Services Inc. Since 2020, …

In February 2024, a Los Angeles County jury awarded $2.34 million to an 84-year-old nursing home resident named Betsy Jentz, finding that the facility had violated her rights on 132 occasions, at times leading to serious injuries. Six months later, …

Rapidly growing e-commerce and last-mile delivery services have contributed to significant increases in crashes, traffic, workplace injuries and air pollution, according to a report from New York City Comptroller Brad Lander. The report estimates that roughly one-in-three New Yorkers receives …

In the insurance world, uncertainty is expensive. For community banks seeking Directors and Officers liability coverage, that uncertainty has traditionally translated into premiums that fail to fairly distinguish between well-governed institutions and their less disciplined peers. But a technological revolution …

Washington Insurance Commissioner Patty Kuderer ordered Thin Blue Line Benefits to stop selling insurance in Washington after investigators found the company had been operating without the required state license,. The OIC began investigating the Texas-based company in July after receiving …

New Jersey-based insurance broker World Insurance Associates reports that it acquired the business of Mossbrook & Hicks Insurance Agency of Cape May Court House, New Jersey on August 1, 2025. Terms of the transaction were not disclosed. The personal and …

Hackers have struck elite US universities in recent weeks, pilfering sensitive data from donors and making off with students’ information in a string of digital heists that only add stress to schools already besieged with political pressure. Harvard University, Princeton …

Hackers have struck elite US universities in recent weeks, pilfering sensitive data from donors and making off with students’ information in a string of digital heists that only add stress to schools already besieged with political pressure. Dartmouth College, Harvard …