Wells Fargo Must Face Lawsuit Over Sham Job Interviews July 30, 2024 By Jonathan Stempel A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring...
Microsoft Reports Outage of Some Office and Cloud Services July 30, 2024 By Brody Ford and Charles Gorrivan Updated: July 30, 3 p.m. EDT Microsoft Corp. said it has started to resolve an outage affecting its Azure cloud...
Cowbell Secures $60M Series C Funding From Zurich July 30, 2024 Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed...
Insurance Comparison Site The Zebra Buys Marble July 30, 2024 Personal lines insurance comparison site The Zebra said it has acquired Marble, a digital platform for managing and saving on...
Public D&O Price Decreased 5.2% in Second Quarter, Says Aon July 30, 2024 The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter,...
Nationwide Plans 5% Reduction in Employee Headcount July 30, 2024 By Chad Hemenway Insurer Nationwide said late last week that it is reducing its headcount by about 5% over the next year. “We...
Senators Call on FTC to Investigate Automakers’ Sale of Driving Data July 29, 2024 Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers’ driving data to brokers who...
Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation July 29, 2024 By Insurance Journal Staff Reports Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals”...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 July 29, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...
Indivior Reaches $86 Million Opioid Settlement With 16 States July 29, 2024 By Jonathan Stempel Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction...