Class Action Numbers Dip in 2023, but Settlements Still Costing Billions January 11, 2024 By Jim Sams Class-action and government enforcement lawsuits continued to take a toll on corporate defendants in 2023, with ten $1 billion settlements...
Retail Mortgage Lender loanDepot Struggles With Cyberattack January 10, 2024 By Frank Bajak The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone...
Cummins Agrees to Record-Setting Engine Emissions Settlement January 10, 2024 By David Shepardson Truck engine maker Cummins agreed to settle a lawsuit filed Wednesday by the Justice Department and California and pay a...
Added Protection or Opportunity Lost? New Independent Contractor Rule Issued January 10, 2024 By Chad Hemenway The U.S. Department of Labor on Jan. 9 issued a final rule, more than a year in the making, on...
SEC Account Hack Renews Spotlight on X’s Security Concerns January 10, 2024 By Zeba Siddiqui and Raphael Satter The hack of the U.S. Securities and Exchange Commission’s official account on X on Tuesday renewed concerns about the social...
Extreme Weather and Misinformation Top Global Risks: World Economic Forum January 10, 2024 By Victoria Waldersee Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the next couple of...
Loss of Alaska Airlines Cockpit Recording Rekindles Industry Safety Debate January 10, 2024 By Valerie Insinna and David Shepardson The cockpit voice recorder data on the Alaska Airlines Boeing 737 MAX 9 jet which lost a panel mid-flight on...
MarketScout: 2023 US Commercial Composite Rate Up 4.56% January 10, 2024 According to the MarketScout Market Barometer, U.S. commercial property/casualty insurance rates rose 5.6% in the fourth quarter of 2023, resulting...
NCCI: Shifting Workplace, Costs Are Top Concerns for Workers’ Comp Execs January 10, 2024 A new survey finds ratings data, changes in the workplace and workforce, medical inflation and economic uncertainty are top of...
New Contractor Rule to Be Unveiled Soon That Could Upend Gig Economy January 9, 2024 By Daniel Wiessner and David Shepardson The administration of U.S. President Joe Biden will release a final rule as soon as this week that will make...