Change Healthcare Cyberattack Is Still Disrupting Pharmacies, Other Providers February 28, 2024 By Sana Pashankar and John Tozzi A cyberattack that has disrupted Change Healthcare’s computer networks for nearly a week is creating a growing administrative problem for...
OpenAI Says New York Times ‘Hacked’ ChatGPT to Build Copyright Lawsuit February 28, 2024 By Blake Brittain OpenAI has asked a federal judge to dismiss parts of the New York Times’ copyright lawsuit against it, arguing that...
Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’ February 27, 2024 The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346, down from 449 in...
FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal February 27, 2024 By Leah Nylen and Jaewon Kang The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons...
People Moves: Heaton Named Chief Operating Officer of Markel Group February 27, 2024 Markel Group Inc., headquartered in Glen Allen, Virginia, named Mike Heaton as executive vice president and chief operating officer. Heaton...
MGM Resorts Says Regulators Probing September Cyberattack February 27, 2024 MGM Resorts International disclosed that state and federal regulators were probing a cyberattack on its systems that took place in...
US Pharmacy Outage Triggered by ‘Blackcat’ Ransomware at UnitedHealth Unit: Sources February 26, 2024 By Raphael Satter and Christopher Bing Hackers working for the ‘Blackcat’ ransomware gang are behind the outage at UnitedHealth’s technology unit that has snarled prescription deliveries...
Verisk’s Annual Profit Forecast Falls Short Amid Spending Uncertainty February 26, 2024 Verisk Analytics forecast 2024 adjusted profit below market estimates last Wednesday, as the broader data and analytics industry grapples with...
Risk Models Behind Insurance-Linked Securities Are Getting a Lot Harder to Crack February 26, 2024 By Gautam Naik and Sheryl Tian Tong Lee As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on...
GM’s Cruise Prepares to Resume Robotaxi Testing After Halt February 26, 2024 By Julia Love and David Welch General Motors Co.’s Cruise autonomous driving unit is nearing the resumption of robotaxi testing in the coming weeks, with Houston...