Amazon Steers Consumers to Higher-Priced Items, Lawsuit Claims February 9, 2024 By Jonathan Stempel Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by...
Top AI Companies Join Government Effort to Set Safety Standards February 9, 2024 By Oma Seddiq and Mackenzie Hawkins The top US artificial intelligence companies will participate in a government-led effort intended to craft federal standards on the technology...
The Oil Was From Iran. The Insurance Was From New York February 9, 2024 By Zachary Mider and Zeke Faux Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian...
Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023 February 9, 2024 By L.S. Howard Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown...
Global Warming Exceeded Benchmark Over 12-Month Period for First Time on Record February 9, 2024 By Don Jergler Global warming exceeded temperatures of 1.5 degrees C over a 12-month period for the first time in record keeping. The...
Weekly Q4 2023 Earnings Wrap: CNA, Cincinnati Financial, American Financial February 9, 2024 By Chad Hemenway Fourth quarter net income at CNA Financial Corp. was up about 54% to $367 million, and net income for the...
People Moves: Inglis Elected to AIG’s Board of Directors; DUAL North America Names Sherry Head of Transactional Risk February 9, 2024 Inglis Elected to AIG’s Board of Directors The board of directors at American International Group, Inc., headquartered in New York,...
Supreme Court in UBS Case Makes it Easier for Whistleblowers to Win Suits February 8, 2024 By Daniel Wiessner The U.S. Supreme Court on Thursday made it easier for financial sector whistleblowers to win lawsuits accusing companies of unlawfully...
Markets/Coverages: Corvus Expands Tech E&O; K2 OCONUS Workers Comp for Government Contractors; Xceedance’s MGA Agility Suite February 8, 2024 Corvus Insurance introduced a newly expanded Tech E&O product with an enhanced appetite backed by Travelers. Smart Tech E+O from...
Chinese Hacking Campaign Aimed at Critical Infrastructure Goes Back 5 Years February 8, 2024 By Raphael Satter An advanced group of Chinese hackers taking aim at U.S. critical infrastructure have been active for as long as half...