Utah-based Trucordia announced it has acquired Charles River Insurance, an independent insurance agency based in Framingham, Massachusetts that serves the greater Boston and central Massachusetts regions. Charles River Insurance provides personal, commercial, life and health insurance. It has a second …
Trucordia Expands in New England With Acquisition of Charles River Insurance Read More »
Royal Bank of Canada denies claims that it fostered a “boys’ club” environment at its US capital-markets business, disputing allegations that the firm engaged in sex-based discrimination against female bankers and offered unequal pay and promotions to women. In a …
Royal Bank of Canada Denies Claims of ‘Boys Club’ Culture, Bias Against Women Read More »
On the hunt for cheap and fast strategies to prevent deadly wildfires, utilities across the US and Europeare contracting with a handful of artificial intelligence startups to map wildfire risk along thousands of miles of power lines, picking out individual …
Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes Read More »
Heavy rainfall has unleashed deadly floods across Southeast Asia, damaging crops and stranding tourists, with more downpours expected into early next week. Flooding in southern Thailand has killed at least 13 people and swamped around 800,000 households and rubber- and …
Deadly Floods Hit Southeast Asia as More Rain Forecast Read More »
Insurers putting money into one of private credit’s hottest trends will face fresh oversight from the EU’s financial stability watchdog, under new proposals to bridge the gap between member states on a deal to revamp Europe’s securitization market. Denmark, which …
Insurers’ Investment in Synthetic Risk Transfers Face Fresh Scrutiny Under EU Proposals Read More »
A Credit Suisse unit in Bermuda lost its UK court fight to topple a $600 million damages award to sanctioned Georgian tycoon Bidzina Ivanishvili. The Privy Council — the top tribunal for cases brought in many British territories — dismissed …
Credit Suisse Fails to Topple $600 Million Rogue-Banker Bill Read More »
Thanksgiving is the No. 1 day of the year for home cooking fires in the U.S., and leaving food unattended is the leading cause, the Red Cross reported. According to the National Fire Protection Association, cooking accounts for 80% of …
Thanksgiving No. 1 Day of the Year for Cooking Fires in US Read More »
When accountants at mid-tier firm Moore Kingston Smith began using artificial intelligence to speed up their work, profit margins jumped. Colleagues in another team running checks against corporate fraud created a report for customers in two hours, something that previously …
How AI Could Reboot Britain’s Services-Heavy Economy Read More »
Binance Holdings Ltd. faces a lawsuit claiming the cryptocurrency platform “knowingly facilitated” crypto transactions by Hamas before the group attacked Israel on Oct. 7, 2023, killing 1,200 people and taking 250 hostages. More than 300 victims and family members of …
Binance Faces Lawsuit by Hamas Victims Under Anti-Terrorism Law Read More »
While insurance consumers may be warming up to artificial intelligence, 68% say they believe the insurance company gets most of or all the benefits of AI adoption. AI is becoming more ingrained and accepted as part of the insurance industry’s …
Insurance Customers Skeptical About AI Processes and Benefits Read More »
