Oliver Wyman Agrees to Buy A&D Consulting Firm Avascent October 18, 2022 Oliver Wyman announced it entered into an agreement to acquire Avascent, an aerospace and defense management consulting firm focused on...
U.S. Treasury Proposes Climate Data Collection Rule for P/C Insurers October 18, 2022 U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related risks from property and...
Women Are Quitting Executive Roles at Faster Rate Than Ever: Report October 18, 2022 By Kelsey Butler and Matthew Boyle Women are leaving the top ranks of companies at higher rates than ever before — as female employees remain less...
Ride-Hailing Firm Lyft Hikes Service Fee for Rides as Insurance Costs Rise October 18, 2022 By Nivedita Balu Lyft Inc. is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs,...
People Moves: Canopius Hires Liberty Mutual’s Johnson as CUO U.S., Bermuda; AXA XL Promotes McKinley to Casualty Leader for N. America Construction October 17, 2022 Canopius Hires Liberty Mutual’s Johnson as CUO U.S. and Bermuda Canopius Group, a global specialty re/insurer, announced it has hired...
Berkshire Hathaway and Alleghany Corp. Receive Regulatory Approvals for Merger October 17, 2022 Warren Buffett’s Berkshire Hathaway Inc. and Alleghany Corp. announced that all regulatory approvals relating to the proposed $11.6 billion acquisition...
Credit Suisse Pays $495M to Settle Legacy Case in U.S. October 17, 2022 By John Revill Credit Suisse has agreed to pay $495 million to settle a case related to mortgage-linked investments in the United States,...
Series of Tesla Fires in Florida Linked to Saltwater Damage From Hurricane Ian October 17, 2022 By Lillianna Byington A Florida senator is calling for action from the Transportation Department and automakers after a series of electric vehicle fires...
5 Years On, Key #MeToo Voices Take Stock of the Movement October 17, 2022 By Jocelyn Noveck and Maryclaire Dale Once again, disgraced mogul Harvey Weinstein sits in a courtroom, on trial in Los Angeles while the reckoning the accusations...
Hacker Gets $50 Million in Heist of DeFi’s Mango October 17, 2022 By Olga Kharif The community of decentralized-finance application Mango DAO on Saturday got back a portion of about $100 million stolen this week...