EquiLend Restores Some Services After Cybersecurity Incident February 5, 2024 Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week...
Report: Top AI Trends for Insurers in 2024 Include Claims, Other Insurance Processes February 5, 2024 Insurers are prepared for artificial intelligence to move beyond task automation and machine learning to advanced uses in 2024, a...
Hedge Funds’ Mega Returns Set Off Demand Spiral for Catastrophe Bonds February 5, 2024 By Sheryl Tian Tong Lee and Gautam Naik As hedge funds rake in record profits in one of the riskiest corners of the debt market, the products behind...
Liberty Mutual to Eliminate 250 Positions February 2, 2024 By Chad Hemenway Liberty Mutual has confirmed it is eliminating about 250 positions, or 0.5% of its global workforce, as it continues implementing...
Crash Tests Indicate Nation’s Guardrail System Can’t Handle Heavy Electric Vehicles February 2, 2024 By Margery A. Beck Electric vehicles that typically weigh more than gasoline-powered cars can easily crash through steel highway guardrails that are not designed...
NHTSA Upgrades Probe Into Tesla Power Steering Loss February 2, 2024 By David Shepardson U.S. safety regulators have upgraded their probe into Tesla TSLA.O vehicles over power steering loss to an engineering analysis –...
Weekly Q4 2023 Earnings Wrap: The Hartford, The Hanover, Markel, and Selective February 2, 2024 By Chad Hemenway The Hartford said fourth quarter net income available to common stockholders increased 30% to $766 million. The insurer ended the...
Appeals Court Overturns $366M FedEx Race Bias Verdict February 2, 2024 By Jonathan Stempel A federal appeals court on Thursday threw out a $366.2 million verdict against FedEx in a case brought by a...
Cargo Thefts Up 59%, Misdirection Top Threat: CargoNet February 2, 2024 There were 692 reported thefts of cargo across the United States and Canada in the third quarter of 2023, a...
Cloudflare Says State-Backed Hackers Tried to Burrow Into its Global Network February 2, 2024 By Raphael Satter Internet firm Cloudflare said in a statement on Thursday that an advanced group of hackers tried to burrow deep into...