FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal February 27, 2024 By Leah Nylen and Jaewon Kang The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons...
People Moves: Heaton Named Chief Operating Officer of Markel Group February 27, 2024 Markel Group Inc., headquartered in Glen Allen, Virginia, named Mike Heaton as executive vice president and chief operating officer. Heaton...
MGM Resorts Says Regulators Probing September Cyberattack February 27, 2024 MGM Resorts International disclosed that state and federal regulators were probing a cyberattack on its systems that took place in...
US Pharmacy Outage Triggered by ‘Blackcat’ Ransomware at UnitedHealth Unit: Sources February 26, 2024 By Raphael Satter and Christopher Bing Hackers working for the ‘Blackcat’ ransomware gang are behind the outage at UnitedHealth’s technology unit that has snarled prescription deliveries...
Verisk’s Annual Profit Forecast Falls Short Amid Spending Uncertainty February 26, 2024 Verisk Analytics forecast 2024 adjusted profit below market estimates last Wednesday, as the broader data and analytics industry grapples with...
Risk Models Behind Insurance-Linked Securities Are Getting a Lot Harder to Crack February 26, 2024 By Gautam Naik and Sheryl Tian Tong Lee As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on...
GM’s Cruise Prepares to Resume Robotaxi Testing After Halt February 26, 2024 By Julia Love and David Welch General Motors Co.’s Cruise autonomous driving unit is nearing the resumption of robotaxi testing in the coming weeks, with Houston...
Warren Buffett Says Berkshire ‘Built to Last’ Though Eye-Popping Gains Are Over February 26, 2024 By Jonathan Stempel Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long...
GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts February 26, 2024 By Susanne Sclafane Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant...
Agents, Brokers Achieve Record Annual Growth in 2023 February 26, 2024 The independent insurance agent and broker channel posted an organic growth rate of 10.3% in 2023 — the highest annual...