Microsoft, Cyber Firms Pursue Changes After CrowdStrike Outage September 13, 2024 By Jake Bleiberg Microsoft Corp. said it’s building an alternative for cybersecurity companies that now utilize the deepest layer of its operating system...
Carlyle’s Sedgwick Valued at $13.2 Billion in Investment Deal With Altas September 13, 2024 Carlyle-owned claims management company Sedgwick said on Thursday it had secured an investment from private equity firm Altas Partners via...
OpenAI, Nvidia Executives Discuss AI Infrastructure Needs With Biden Officials September 13, 2024 By Mackenzie Hawkins and Ari Natter OpenAI Chief Executive Officer Sam Altman and Nvidia Corp. CEO Jensen Huang met with senior Biden administration officials and other...
Venture Capital Fund Ends Grant Program for Black Women After Lawsuit September 13, 2024 By Nate Raymond An Atlanta-based venture capital fund on Wednesday agreed to stop operating a program that awarded grants to small businesses run...
Buffett’s Insurance Leader Ajit Jain Sells Large Part of Berkshire Stake September 13, 2024 By Jonathan Stempel Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway BRKa.N, sold more than half of his Class...
TD to Pay $28 Million for Sharing Inaccurate US Consumer Data September 13, 2024 By Christine Dobby Toronto-Dominion Bank will pay almost $28 million in fines and restitution after the Consumer Financial Protection Bureau said the lender...
Supreme Court’s Zeal to Curb Agency Power Looms in New Term September 13, 2024 By Greg Stohr Fresh off a blockbuster US Supreme Court decision that rolled back the power of federal agencies to regulate business, big-government...
Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B September 12, 2024 By Chad Hemenway Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to...
Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share September 12, 2024 By Chad Hemenway For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S...
Mastercard Agrees to Buy Cyber-Defense Firm for $2.65 Billion September 12, 2024 By Paige Smith Mastercard Inc. agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card...