Berkshire Unit Added to Lawsuit Over Inflated Real Estate Commissions March 5, 2024 By Jonathan Stempel A unit of Warren Buffett’s Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors...
Former Twitter Execs Sue Elon Musk for Over $128M in Severance March 5, 2024 Four former top Twitter executives, including former CEO Parag Agrawal, have sued Elon Musk for over $128 million in combined...
Hacker Forum: UnitedHealth Paid $22M Ransom in Bid to Recover Data March 5, 2024 By Raphael Satter A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to...
JetBlue, Spirit Airlines Call Off $3.8B Merger on Antitrust Hurdle March 4, 2024 By Jonathan Stempel Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after...
New Survey Reveals How Independent Agents Are Adapting to the Hard Market March 4, 2024 The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 4, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey March 4, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2023, continuing...
US Judge Says Google Must Face Some Advertisers’ Antitrust Claims, Dismisses Others March 4, 2024 By Jonathan Stempel Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge...
AI Firms Face Growing List of Lawsuits. Here’s What to Watch March 4, 2024 Artificial intelligence firms are facing increasing pressure from some of the world’s most formidable names in technology and media, as...
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers March 4, 2024 Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report...