Safeco to Take Personal Lines Renewal Business of Main Street America November 13, 2024 By Chad Hemenway Liberty Mutual’s Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time...
Supreme Court Lets Stand Ruling Curbing Bid-Rigging Prosecutions November 12, 2024 By Greg Stohr The US Supreme Court left intact a ruling that curbs the Justice Department’s ability to use federal antitrust law to...
Chipotle Shareholders Sue Over Fallout From Skimping on Portion Sizes November 12, 2024 By Jonathan Stempel Chipotle Mexican Grill was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions,...
Meta’s Zuckerberg Not Liable in Lawsuits Over Social Media Harm to Children November 12, 2024 By Jonathan Stempel A federal judge said Meta Platforms CEO Mark Zuckerberg is not personally liable in 25 lawsuits accusing his company of...
Biden Administration to Support Controversial UN Cyber Treaty November 12, 2024 By Jamie Tarabay The Biden administration plans to support a controversial cybercrime treaty at the United Nations this week despite concerns that it...
FTX Sues Binance and Its Former CEO for $1.8B November 12, 2024 Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was “fraudulently transferred”...
Progressive to End Offering Dwelling Fire Insurance November 12, 2024 By Chad Hemenway Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The...
Hippo Sells Majority Stake in First Connect Insurance to Centana Growth Partners November 8, 2024 By Chad Hemenway Insurtech Hippo said it has sold a majority stake in First Connect Insurance Services, a digital platform for independent agents....
Viewpoint: Are You Covered for AI Risks? November 8, 2024 By Allison R. Burke and William R. Reed You can’t go anywhere without hearing about the impact of generative artificial intelligence on … well, everything. The insurance industry...
US Supreme Court to Hear Facebook Bid to Escape Securities Fraud Suit November 8, 2024 By John Kruzel The U.S. Supreme Court is set on Wednesday to consider a bid by Meta’s Facebook to scuttle a federal securities...