Tesla Fails to Block Its First Jury Trial Over Fatal Crash May 12, 2022 By Malathi Nayak Tesla Inc. can’t escape a trial over claims the automaker is responsible for the death of a Florida teenager who...
Court Says Musk Recklessly Tweeted ‘Funding Secured’ for Taking Tesla Private May 11, 2022 By Hyunjoo Jin A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless,...
Major League Baseball Settles Wage Suit by Minors’ Players May 11, 2022 Major League Baseball said it’s settling a complaint by minor league players about “poverty” wages, avoiding a trial with hundreds...
D&O Market Has Most Profitable Year Since 2014 but Results May Be an Anomaly May 11, 2022 By Chad Hemenway The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014 but results have to be...
Riding the Wave of InsurTech 3.0: What It Takes to Not Just Survive, But Thrive May 11, 2022 By Elizabeth Blosfield As the InsurTech industry approaches the next wave of innovation, experts say this could mean navigating rough waters. “I believe...
Face-Scanner Clearview Agrees to Limits in Court Settlement May 11, 2022 By Kathleen Foody Facial recognition startup Clearview AI has agreed to restrict the use of its massive collection of face images to settle...
Biden Administration Asks U.S. Supreme Court to Shun Bayer Weedkiller Appeal May 11, 2022 By Lawrence Hurley and Ludwig Burger President Joe Biden’s administration on Tuesday asked the U.S. Supreme Court not to hear Bayer’s bid to dismiss claims by...
Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’ May 11, 2022 By William Rabb For the first time in more than a decade, workers’ compensation claims frequency, outside of COVID-19 illness claims, increased in...
Inflation, Ukraine War Seen as Chief Financial Risks May 10, 2022 By Howard Schneider High inflation, volatility in stock and commodity markets and the war in Ukraine have emerged as the chief risks to...
Elephant Insurance Reports Data Breach May 10, 2022 Virginia-based direct-to-consumer personal lines insurer Elephant Insurance reports that it experienced a cyber incident beginning in late March and as...