Auto Insurance Results ‘Historically Bad’ in 2022: S&P May 12, 2023 In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a...
Climate Change Not ‘Serious Risk’ to Financial Stability, Fed’s Waller Says May 12, 2023 By Howard Schneider Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it...
People Moves: CFC Grabs Phillips From Resilience to Lead Cyber Practice May 11, 2023 Specialty insurance provider CFC announced today it has appointed Michael Phillips as Cyber Practice Leader. In this newly created role...
Peloton Recalls Two Million Exercise Bikes For Seat Issue May 11, 2023 Peloton Interactive Inc will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the...
Facebook Fails in Bid to Get Cambridge Analytica Lawsuit Tossed May 11, 2023 By Jef Feeley A judge ruled Facebook founder Mark Zuckerberg and other former directors of the social-media company must face claims they turned...
NCCI Names Fick New Board Chairman, Elects Other Board Members May 11, 2023 The National Council on Compensation Insurance has elected Brandon Fick as its new board chairman, replacing Lisa Corless. Fick is...
J&J, Cancer Victims Ordered to Start Mediation in Bankruptcy May 11, 2023 By Steven Church A federal judge ordered a new round of settlement talks between Johnson & Johnson and lawyers who spurned the company’s...
Altria Agrees to $235 Million Settlement to Resolve Juul-Related Cases May 11, 2023 By Brendan Pierson Altria Group Inc said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of...
Could Wearables Capture Well-Being? May 11, 2023 By Icahn School of Medicine at Mount Sinai Applying machine learning models, a type of artificial intelligence (AI), to data collected passively from wearable devices can identify a...
Hyundai and Kia Thefts Keep Rising Despite Security Fix May 10, 2023 By Tom Krisher Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their...