JPMorgan Agrees to Pay $290 Million to Settle Epstein Case June 12, 2023 By Hannah Levitt and Ava Benny-Morrison JPMorgan Chase & Co. agreed to pay $290 million to settle a lawsuit alleging it knowingly benefited from former client...
Branch CEO Lekas Announces Layoffs, Cites Inflation, Loss Costs June 12, 2023 By Elizabeth Blosfield Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by co-founder and CEO Steve...
Bad Press, Claims Issues, Halt on New Business Giving Industry Another Black Eye? June 12, 2023 By William Rabb It’s no secret that the U.S. property/casualty insurance industry does not always enjoy a sterling reputation among consumers. As one...
Judge Rejects 3M Effort to Resolve Earplug Lawsuits in Bankruptcy June 12, 2023 By Dietrich Knauth A U.S. judge on Friday dismissed the bankruptcy of 3M subsidiary Aearo Technologies, rejecting an effort to resolve nearly 260,000...
Coinbase Suit May Finally Send Crypto Debate to Supreme Court June 9, 2023 By Martina Barash and Chris Dolmetsch The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court...
Companies Face Less Pressure for Climate and Social Reforms June 9, 2023 By Ross Kerber Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as...
Farmers CEO Reverses Course to Require Hybrid Work Schedule for Employees June 9, 2023 By Chad Hemenway New Farmers Group CEO Raul Vargas has reversed a prior company decision to allow most workers to do their jobs...
Climate Change and Homeowners’ Insurance Are on a Collision Course June 9, 2023 By Leslie Kaufman A summer that has already seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched...
Survey: Younger Generations More Tolerant of Fraud June 9, 2023 By Allen Laman A significant number of Americans ages 44 and younger show a high level of tolerance for insurance fraud, according to...
Supreme Court Limits Reach of Federal ID Theft Law June 9, 2023 By Andrew G. Simpson The U.S. Supreme Court yesterday narrowed when identity theft can be included as part of federal criminal charges. In the...