Warren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane Idalia August 30, 2023 By Max Reyes Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane...
People Moves: Cover Genius Names Rudow Chief Financial Officer; Lubbers Head of US Affinity & Programs at WTW’s CRB August 30, 2023 Cover Genius Names Rudow Chief Financial Officer Cover Genius appointed David Rudow as its new chief financial officer (CFO). Rudow...
Tesla Faces More Questions From Feds on Autopilot Safety August 30, 2023 By Hyunjoo Jin and Joseph White The U.S. auto safety regulator investigating Tesla’s Autopilot driver assistance system is demanding an explanation for a software change that...
Unusually Warm Atlantic Ocean Is Supercharging Hurricane Idalia August 29, 2023 By Kendra Pierre-Louis and Brian K. Sullivan Hurricane Idalia, now a Category 1 storm, is expected to make landfall along Florida’s Gulf Coast on Wednesday. The hurricane’s...
Update: 3M to Pay $6 Billion to Settle Military Earplug Lawsuits August 29, 2023 By Ryan Beene and Jef Feeley 3M Co. has agreed to pay $6 billion to resolve hundreds of thousands of lawsuits alleging it sold defective earplugs...
Burger King Must Face Lawsuit Claiming its Whoppers Are Too Small August 29, 2023 By Jonathan Stempel A U.S. judge has rejected Burger King’s bid to dismiss a lawsuit claiming that it cheated hungry customers by making...
2023 to Test Recent Growth in Private Flood Insurance Market August 29, 2023 By Chad Hemenway The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in...
Federal Judge Set to Decertify Google Play Class Action August 29, 2023 By Jonathan Stempel A U.S. judge plans to free Google from having to defend against a class action by 21 million consumers who...
Drugmaker Mallinckrodt Files for Second Bankruptcy in the US August 29, 2023 By Dietrich Knauth Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan...
Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges August 28, 2023 By Ezra Amacher Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of...