U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology. Key questions remain unanswered: Will it work? …
Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal finishes his term on …
UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook. In a proposed class action filed …
The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with greater frequency to explore coverage solutions for businesses amid expanding risks. The magnitude of the YoY growth peaked at 30% …
More than one in five people prescribed extended-release painkillers such as OxyContin developed an addiction within a year, according to a newly released study mandated by the US Food and Drug Administration. The study, repeatedly delayed by more than a …
Aspen Insurance Holdings Ltd. is telling prospective investors it expects to price its initial public offering at $30 per share, the midpoint of its price range, according to people familiar with the matter. The Bermuda-based reinsurer’s IPO, consisting of 11 …
A federal jury in California has ordered Israeli firm NSO Group to pay more than $167 million in punitive damages to Meta Platforms for installing malware on its WhatsApp messaging app six years ago. Spyware vendor NSO Group must pay …
Alphabet Inc.’s Google should be forced to sell off two of its businesses that help websites buy, sell and serve online advertising after a judge found the company illegally monopolized those markets, the Justice Department said. The company should be …
Delta Air Lines must face a proposed class action by passengers who said it refused to offer full refunds after delaying or canceling their flights following a massive computer outage last July, a federal judge ruled on Tuesday. U.S. District …
Berkshire Hathaway shareholders on May 3 rejected a resolution requiring the company to report on risks from its subsidiaries’ race-based initiatives, one of seven proposals tied to diversity, artificial intelligence and other issues that were voted down. Shareholders also voted …
