Walmart Reaches Settlement in Shareholder Lawsuits Over Handling of Opioids October 21, 2024 By Anne D'Innocenzio Walmart said Friday it has reached a proposed settlement pact related to three lawsuits filed by shareholders on behalf of...
Sudanese Nationals Accused in ‘Anonymous Sudan’ Cyberattacks October 18, 2024 By Margi Murphy Two Sudanese nationals were indicted by US prosecutors for their alleged participation in a group known as “Anonymous Sudan” that...
J&J Talc Settlement Holdouts Accuse Company of Buying Votes October 18, 2024 By Steven Church People who voted to settle their baby power-related health claims against Johnson & Johnson should have their ballots thrown out...
Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality October 18, 2024 By Craig Trudell The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a...
Insurance Execs See Gen AI Necessary To Compete; Customers Wary October 18, 2024 Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations...
McKinsey to Pay at Least $500 Million in DOJ Opioid Probe October 18, 2024 By Ambereen Choudhury, Sabrina Willmer and Chris Strohm McKinsey & Co. is nearing a deal with US prosecutors to pay at least $500 million to settle federal probes...
Moody’s RMS, CoreLogic Add to Modelers’ Take on Milton Insured Losses October 18, 2024 By Chad Hemenway Moody’s RMS has pegged private insured losses from Hurricane Milton to between $22 billion and $36 billion, with a best...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene October 17, 2024 Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In...
Marsh McLennan Reports 6% Increase in Q3 Revenue October 17, 2024 By L.S. Howard Insurance broker Marsh McLennan reported a 6% increase in third quarter consolidated revenue to $5.7 billion, while revenue increased 5%...
Travelers Triples Q3 Net Income, Reverses Underwriting Loss October 17, 2024 By Chad Hemenway Travelers on Thursday said third quarter net income was $1.26 billion compared to net income of $454 million during the...