Binance Was Used to Funnel Money to Hamas, Other Militant Groups November 22, 2023 By Allyson Versprille In February 2019, Binance Holdings Ltd.’s then-Chief Compliance Officer Samuel Lim acknowledged that the cryptocurrency exchange was being used to...
AM Best: Number of P/C Gross Impairments Falls in 2022; No Net Impairments November 22, 2023 Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, property/casualty insurers performed well in...
Markets/Coverages: CFC Upgrades Packaged Cyber Cover, Services for SMEs November 22, 2023 Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses. Brokers selling CFC’s professional...
Judge Finds Evidence That Tesla, Musk Knew About Autopilot Defect November 22, 2023 By Dan Levine A Florida judge found “reasonable evidence” that Tesla Chief Executive Elon Musk and other managers knew the automaker’s vehicles had...
Thanksgiving Cargo Theft Threat ‘Extremely High’: CargoNet November 22, 2023 The threat of cargo theft activity this Thanksgiving is “extremely high” and “unlike any recent year,” according to CargoNet. CargoNet,...
X Corp. Loses Fight to End FTC Privacy Oversight November 21, 2023 By Malathi Nayak X Corp. failed to persuade a federal judge to curb the US Federal Trade Commission’s close watch over the social...
Tesla Launched its Own Car Insurance. These Drivers Say it’s a Lemon. November 21, 2023 By Steve Stecklow, Koh Gui Qing and Norihiko Shirouzu In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla,...
Schools Look to Improve Cybersecurity, but Many Vulnerable to Ransomware November 21, 2023 By Alanna Durkin Some K-12 public schools are racing to improve protection against the threat of online attacks, but lax cybersecurity means thousands...
US Is Seeking More Than $4 Billion From Binance to End Case November 21, 2023 By Chris Strohm, Allyson Versprille and Olga Kharif The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution...
NHTSA Probes Hyundai, Kia Recall Into 6.4 Million Vehicles Over Fire Risks November 21, 2023 By David Shepardson U.S. auto safety regulators on Monday said they had opened a probe into 16 separate recalls issued by Hyundai and...