Insurance

Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Late last week, Canada-based …

South Korea’s Personal Information Protection Commission has fined telecoms company KT Corp. 54 billion won ($37.43 million) for a leak of customer personal information, the commission said on Thursday [July 30]. Hackers stole more than 16,600 KT mobile service customers’ …

The National Highway Traffic Safety Administration said on Aug. 3 that some older Ford cars and SUVs pose unreasonable safety risks because the timing belt may fail and cause them to lose power or engines to seize. The U.S. auto …

An Alabama city, long plagued with budget shortfalls, charges of corruption and a dwindling tax base, has lost its liability insurance coverage amid an ongoing financial and leadership crisis. Local and state news sites reported that the Alabama Municipal Insurance …

Hundreds of structures have been destroyed and tens of thousands of people have been evacuated, as wildfires rip through eastern Washington state in what Spokane Mayor Lisa Brown called “the worst natural disaster our region has faced.” As of about …

American Family Mutual Insurance Co. has agreed to buy all outstanding shares of specialty insurer Bowhead Specialty Holdings for about $1.2 billion in cash. Under the terms of the transaction, each Bowhead stockholder will receive $34 per share in cash, …

Homeowners can now obtain insurance quotes from Plymouth Rock Home Assurance through a “natural” conversation with ChatGPT, the artificial intelligence chatbot created by OpenAI. The insurer claims it creates a “faster, simpler, and more accessible way to shop for coverage.” …

Europe’s biggest rivers, vital arteries for the region’s heavy industries, are drying up after the region was seared by a series of heat waves. As water levels in the Rhine and Danube fall toward record lows, that’s starting to disrupt …

Amgen Inc. experienced a cyber incident that involved the theft of patient information and proprietary data stored in cloud servers, it said in a filing July 31, the latest large healthcare company to suffer a data breach. The drugmaker is …

OpenAI has discovered other instances in which autonomous agents have escaped containment as the company expands its investigation of the hacking incident at tech firm Hugging Face that drew global attention this month, two people familiar with the matter said …