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...
Ryan Specialty Q4 Net Income Up 28% on E&S Expansion March 1, 2024 By Ezra Amacher Ryan Specialty reported fourth quarter 2023 net income of $58.5 million and net income of $194.5 million for the full...
Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause March 1, 2024 By Chad Hemenway A dispute between an insurer and a yacht owner went all the way to the U.S. Supreme Court with a...
People Moves: Marsh McLennan Names Liston US, Canada Chief Commercial Officer March 1, 2024 Marsh McLennan, headquartered in New York, appointed David Liston as U.S. and Canada chief commercial officer (CCO) effective immediately. Liston...
State Farm Sets Another Record With $14B Underwriting Loss in 2023 March 1, 2024 A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The...
Job Cuts, Fleeing Investors: How Anti-DEI Lawsuits Take a Toll on Targets March 1, 2024 By Kelsey Butler Elizabeth Gore is fighting for survival. Just six months ago, the founder of financial technology startup Hello Alice was getting...
Drugmaker Endo Reaches $465M Bankruptcy Settlement With US March 1, 2024 By Dietrich Knauth Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare...
UnitedHealth Says ‘Blackcat’ Group Behind Recent Hack March 1, 2024 UnitedHealth Group said on Thursday the recent cyberattack at its tech unit, Change Healthcare, was perpetrated by hackers who identified...