US executives are trying to soothe concerns that the Department of Government Efficiency’s contract-slashing spree might hurt profits, saying a modernized public sector is more likely to adopt their tools and services. DOGE, as Elon Musk’s cost-cutting initiative is known, …
Harvard University is imposing a temporary freeze on hiring faculty. Columbia University is grappling with cuts to $400 million in federal funding. California Institute of Technology is leaving postdoctoral positions unfilled. A University of Washington researcher is wondering about a …
Insurance broker Aon plc announced that Eric Andersen has transitioned from his role as president to serve as a senior adviser to Greg Case, CEO of Aon, through June 2026. The role of president now has been assumed by Case, …
Cable outlet Newsmax Media has paid $40 million to settle allegations it defamed Smartmatic by reporting false claims that the voting machine company helped rig the 2020 U.S. election for Joe Biden over Donald Trump, according to a regulatory filing. …
Markel Group said early Monday that Simon Wilson is the new chief executive officer of Markel Insurance. Markel Insurance includes the company’s primary underwriting businesses of Markel Specialty, Markel International, and Markel Global Reinsurance. Wilson was president of Markel International. …
The FBI and the U.S. Cybersecurity and Infrastructure Security Agency are warning against a dangerous ransomware scheme. In an advisory posted earlier this week, government officials warned that a ransomware-as-a-service software called Medusa, which has launched ransomware attacks since 2021, …
As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New York City. “They’re seeking diversification in the standard …
A U.S. appeals court on Friday said the Trump administration could temporarily implement a ban on diversity, equity and inclusion programs at federal agencies and businesses with government contracts, which had been blocked by a judge. The Richmond, Virginia-based 4th …
Specialty insurer Beazley appointed Lindsay Shipper as head of commercial property, North America, effective April 1. She will report to Richard Montminy, group head of property risks, and will be based in Atlanta. Shipper brings close to two decades experience …
Meta Platforms on Wednesday won an emergency arbitration ruling to temporarily stop promotion of the tell-all book “Careless People” by a former employee, according to a copy of the ruling published by the social media company. The book by Meta’s …
