Cybersecurity Labeling for Smart Devices Aims to Cut Hacking Vulnerabilities July 20, 2023 The Biden administration and major consumer technology players on Tuesday launched an effort to put a nationwide cybersecurity certification and...
Twitter Again Sued Over Severance Pay, Bias During Layoffs July 19, 2023 By Daniel Wiessner Twitter Inc. on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500...
Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments July 19, 2023 By David French Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private...
Utility Investors Wary of Exposures After Buffet’s PacifiCorp Held Liable for Wildfires July 19, 2023 By Joel Rosenblatt Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become...
US Auto Safety Regulators Open Special Probe Into Fatal Tesla Crash July 19, 2023 By David Shepardson U.S. auto safety regulators are opening a special crash investigation into a fatal accident in California involving a 2018 Tesla...
China Poses ‘Alarming’ Threat to US Power Grid, Lawmakers Told July 19, 2023 By Ari Natter China represents an increasing threat to the US power grid, lawmakers were told Tuesday during a hearing in which they...
Estee Lauder Hit by Cyber Attack, With Some Business Operations Disrupted July 19, 2023 Cosmetics maker Estee Lauder on Tuesday said a hacker had obtained some data from its systems, with the cyber incident...
J&J Must Pay $18.8M to California Cancer Patient in Baby Powder Suit July 19, 2023 By Brendan Pierson Johnson & Johnson’s must pay $18.8 million to a California man who said he developed cancer from exposure to its...
Crypto Ransomware Attacks Rise in First Half of 2023: Chainalysis July 18, 2023 By Elizabeth Howcroft Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged...
Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best July 18, 2023 Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as...