Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers’ driving data to brokers who package it and then sell it to insurance companies. In a letter to FTC Chairwoman Linda Khan, Democrats Ron Wyden …
Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals” found in fire-stopping foam, Tyco has reached a tentative settlement with one of its insurance companies. “…We write jointly on …
At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico, California, which has burned 368,256 acres and now touches four counties. Containment on the Park Fire, which has 4,742 fighting …
A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3 billion ($3.9 billion), according to …
Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group. Brown & Brown acquired Quintes from the private investment firm Aquiline Capital Partners (which purchased a majority stake in Quintes …
TALLAHASSEE, Fla. (AP) — A judge issued a final order Friday to overturn a Florida law pushed by Republican Gov. Ron DeSantis that attempted to limit diversity and race-based discussions in private workplaces. U.S. District Judge Mark Walker previously ruled …
Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday. Steward filed for bankruptcy in May, putting all of its 31 hospitals up for sale in …
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secretary Steven Mnuchin), J.C. Flowers and …
The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report. …
Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday. James said the settlement in principle concerned …
