FTC Is Preparing Potential Antitrust Case Against Amazon February 6, 2023 By Leah Nylen and Spencer Soper The US Federal Trade Commission is preparing a possible lawsuit against Amazon.com Inc. that could be filed as soon as...
Tech Trends Unpacked at Insurtech Summit February 6, 2023 By Allen Laman A new event recently brought insurtech experts together to explore trends and share tips. On Jan. 20, industry groundbreakers, forward-thinking...
Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets February 6, 2023 By Jody Godoy A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors...
People Moves: DUAL Hires Chief Risk Officer, Actuarial Lead; Allianz Nabs Chubb COO to Head N.A. Financial Lines February 3, 2023 DUAL Hires Chief Risk Officer and Actuarial Lead DUAL North America, Inc., based in Naples, Florida, has hired Ranjit Jaswal...
FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal February 3, 2023 By Jonathan Stempel A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a...
Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close February 3, 2023 By Jody Godoy A lawyer for Tesla Inc. shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding...
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh February 3, 2023 Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and...
U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION February 3, 2023 By Eric Beech The U.S. Commodity Futures Trading Commission said on Thursday that as a result of the ransomware attack on ION Trading...
Workers Comp Insurtech Pie Transitions to Full-Stack Carrier February 3, 2023 Small-business workers compensation provider Pie Insurance has completed its transition to a full-stack carrier. Effective Jan. 1, the company said...
Amazon Fined for Worker Safety Violations in Three States February 3, 2023 By Spencer Soper US federal workplace safety regulators fined Amazon.com Inc. more than $60,000 for putting warehouse employees at risk for lower back...