Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance May 9, 2024 By William Rabb Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent...
Pfizer Agrees to Settle More Than 10,000 Zantac Cancer Lawsuits May 8, 2024 By Jef Feeley Pfizer Inc. has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac...
In Tesla Autopilot Probe, US Prosecutors Focus on Securities, Wire Fraud May 8, 2024 By Mike Spector and Chris Prentice U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’...
Worsening Weather Igniting $25 Billion Weather Derivatives Market May 8, 2024 By Sam Potter Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said...
Cyber Startup Wiz Raises $1B in Private Funds, Valued at $12B May 8, 2024 U.S.-Israeli cloud cybersecurity startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the...
TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban May 8, 2024 By Chris Strohm and Sabrina Willmer China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok...
US Probe Finds Widespread Sexual Misconduct at FDIC May 8, 2024 By Douglas Gillison and Pete Schroeder The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an...
Viewpoint: The 10 Major Risks Shaping Insurance Today May 8, 2024 By Robert Muir-Wood I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks...
US Indicts Leader of Prolific LockBit Ransomware Gang May 7, 2024 By Ryan Gallagher and Jamie Tarabay The leader of one of the most prolific ransomware gangs was indicted and sanctioned by the US government on Tuesday,...
Truist Finishes Insurance Subsidiary Sale; Broker Rebrands as TIH, Names All-Star Board May 7, 2024 Truist Financial Corporation today said it completed the previously announced sale of its remaining stake in Truist Insurance Holdings, the...