Amazon Asks Judge to Dismiss FTC Lawsuit, Says No Consumer Harm Shown December 11, 2023 By Diane Bartz Amazon.com asked a federal court on Friday to dismiss a U.S. government antitrust lawsuit which accuses the company of using...
NRA to Have Surprising Defender in Supreme Court Free Speech Case: the ACLU December 11, 2023 By Philip Marcelo In a case of politics making strange bedfellows, the National Rifle Association will be represented by frequent nemesis the American...
Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators December 8, 2023 By Leah Nylen The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may...
Boy Scout Abuse Claims Fund Shouldn’t Pay $21M in Lawyers’ Fees, Judge Says December 8, 2023 By Randall Chase The judge presiding over the Boys Scouts of America’s bankruptcy has rejected a $21 million fee request from attorneys hired...
US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months December 8, 2023 U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result,...
People Moves: Newbold Named President of Verisk Extreme Event Solutions; Rudnick Division Manager of FM Global’s AFM December 8, 2023 Verisk, headquartered in Jersey City, N.J., named Rob Newbold president of Extreme Event Solutions. Current President Bill Churney will retire...
US, UK Say Russia Targeted Officials in Political Cyber Campaign December 8, 2023 By Ellen Milligan, Ryan Gallagher and Katrina Manson The US and UK have launched a coordinated effort to disrupt a longtime alleged Russian government hacking campaign aimed at...
Regulatory Battles In Personal Lines Ahead; Allstate May Drop Customers December 8, 2023 Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push...
Costs of Small Business Cyberattacks Are Down But Frequency Is Up, Says Hiscox December 7, 2023 The less-than-encouraging news: Only a third (33%) of US small businesses consider cyber risk high or very high. The somewhat...
Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re December 7, 2023 Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural...