Japanese electric motor maker Nidec said on Tuesday it had decided to sue founder Shigenobu Nagamori and eight other former executives for damages over suspected accounting irregularities that have put its stock market listing at risk. Besides Nagamori, the company …
Insurance software maker Guidewire said this week it would buy hyperexponential for $1.7 billion in cash and up to $400 million more if revenue targets are met, to expand into AI tools that help insurers assess price and risk. London-based …
Hackers targeting a currency trading platform claimed to have published customer information after failing to receive a $50 million ransom, adding to a wave of cyberattacks in Japan that have prompted the government to draw up emergency measures. GMO Internet …
Florida is suing the climate-risk modeling firm First Street Technology Inc., accusing it of penalizing state homeowners with risk scores based on flawed science. Filed Oct. 23, the lawsuit highlights growing pushback against the scores, which are intended to give …
Toyota is recalling 228,367 vehicles in the US over seat backs that may fail to stay secured in a crash, the U.S. National Highway Traffic Safety Administration said on Tuesday. Related: Toyota Recalling 105,800 US Vehicles Over Fire Risk Here …
The U.S. domestic cyber insurance market has nearly tripled in size since 2020, with endorsement policies accounting for the largest share of policy counts relative to premium. The observations come from a new report generated by the National Association of …
