Antitrust Enforcers Are Chilling Big Mergers May 10, 2023 By Leah Nylen and Michelle F. Davis The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never...
Gallagher Re: US Leads Insurtech Investments, Funding Continues Healthy Climb May 10, 2023 By Denise Johnson Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according...
Trump Liable for Sex Abuse, Must Pay $5 Million to Carroll May 10, 2023 By Erik Larson, Patricia Hurtado and David Voreacos A federal jury in New York found Donald Trump liable for sexually assaulting writer E. Jean Carroll and then defaming...
U.S., Allies Dismantle 20-Year Russian Malware Spying Operation May 10, 2023 By Chris Strohm and Katrina Manson The US and allied countries have disrupted a wide-ranging Russian hacking operation that spied on its adversaries over some 20...
NCCI Symposium: Strong Profits for Workers’ Comp, but Medical Still a Concern May 10, 2023 By William Rabb While the property/casualty insurance industry overall may have seen a slight loss in profitability in 2022, workers’ compensation continues to...
Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger May 10, 2023 By Andrew G. Simpson A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled...
Senate Committee to Vote on Bipartisan Rail Safety Bill May 9, 2023 By David Shepardson The U.S. Senate Commerce Committee on Wednesday will vote on sweeping bipartisan rail safety legislation prompted by a Norfolk Southern-operated...
People Moves: Coalition Hires Coletti From Swiss Re to Be Head of Cyber Underwriting May 9, 2023 John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired...
Goldman Sachs to Pay $215M to Settle Gender Discrimination Lawsuit May 9, 2023 Goldman Sachs Group Inc agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against...
Byron Allen Sues McDonald’s for Allegedly Lying About Commitment to Black Media May 9, 2023 By Jonathan Stempel The media entrepreneur Byron Allen has filed a second lawsuit against McDonald’s Corp over the fast-food chain’s alleged refusal to...