Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes May 7, 2024 By William Rabb An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward...
Google Trial Wraps Up as Judge Weighs Landmark US Antitrust Claims May 6, 2024 By Mike Scarcella Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully...
SEC Warns Robinhood That Its Crypto Business Faces Lawsuit May 6, 2024 By Austin Weinstein and Rick Green The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business...
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech May 6, 2024 By Susanne Sclafane Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with...
Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’ May 6, 2024 By Chad Hemenway While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss...
GSK, Boehringer Put Profits Over User Safety, Zantac Jury Told May 6, 2024 By Jef Feeley Drugmakers GSK Plc and Boehringer Ingelheim GmbH prioritized profits over consumer safety by hiding the cancer risks of their once-blockbuster...
Biden Vetoes Bid to Repeal US Labor Board Rule on Contract, Franchise Workers May 6, 2024 By Daniel Wiessner President Joe Biden followed through on Friday on his vow to veto a Republican-backed measure that would have repealed a...
Appeals Court Rejects Climate Change Suit by Young Oregon Activists May 6, 2024 By Gene Johnson A federal appeals court panel last week rejected a long-running lawsuit brought by young Oregon-based climate activists who argued that...
Extreme Weather Is Driving More US Power Outages, Studies Show May 3, 2024 By Kendra Pierre-Louis For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when...
Binance Crypto Founder Zhao Sentenced to Four Months in Prison May 3, 2024 By Deborah Bloom and Jonathan Stempel Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty...