Higher Auto Claims, More Frequent Accidents Continue to Outpace Premium Hikes December 12, 2023 As claim severity rises, US personal auto results are on the decline, according to AM Best’s latest Market Segment Report....
SEC Says Its Binance Case Should Advance Despite DOJ Settlement December 12, 2023 By Chris Strohm The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US...
Hackers Stole About $1.7 Billion This Year From Crypto Projects December 12, 2023 By Olga Kharif The amount of funds crypto projects lost to hackers has declined by about half to around $1.7 billion so far...
Musk Can’t Escape Investor Suit Over Flip-Flop on Twitter Buyout December 12, 2023 Elon Musk must face a Twitter investor lawsuit that accuses him of fueling uncertainty about his proposed buyout in an...
Apple-Backed Study Finds Rise in Data Breaches as iPhone Maker Defends Encryption December 12, 2023 By Stephen Nellis In the first nine months of 2023, U.S. data breaches increased by 20% compared to the full year 2022, according...
Bernie Madoff Is Long Gone. The Lawyers Are Going Strong December 12, 2023 Long before cryptocurrency and Sam Bankman-Fried, the biggest name in corporate fraud was Bernie Madoff. Fifteen years after the FBI...
Microsoft Agrees to Union Contract Terms Governing Its Use of AI December 11, 2023 By Josh Eidelson Microsoft Corp. has agreed to union contract language governing its use of artificial intelligence, creating an avenue for workers to...
US Commercial Lines Survey Results Show Aggregate Increase of 6.1% in Q3: WTW December 11, 2023 U.S. commercial insurance prices increased 6.1% in the third quarter, maintaining an upward trend. According to the latest results from...
Trump Allies Attack Corporate ‘Bigotry’ Against White Men December 11, 2023 By Emily Birnbaum One complaint accuses Macy’s Inc. of discriminating against White men. Another levels that allegation against BlackRock Inc. A third points...
Starbucks Says It Wants Union Talks, Agreements in 2024 December 11, 2023 By Josh Eidelson and Daniela Sirtori Starbucks Corp. said it reached out to the union representing hundreds of its stores to try to end an impasse...