Wells Fargo to Pay $1 Billion in Class-Action Lawsuit May 16, 2023 By Robert Burnson Wells Fargo & Co. agreed to pay $1 billion to settle a shareholder lawsuit that accused it of making misleading...
More States Adopting Professional Standards for Public Adjusters May 16, 2023 By Jim Sams A movement to establish professional standards for public adjusters gained ground this year, with lawmakers in five states passing bills...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21 May 16, 2023 Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, P/C insurers performed well in...
Supreme Court Rejects Teva Challenge to $235 Million GSK Award in Patent Dispute May 16, 2023 By Blake Brittain The U.S. Supreme Court on Monday declined to hear Teva Pharmaceuticals USA Inc’s challenge to a $235 million award to...
Elon Musk Loses Bid to End SEC ‘Muzzle’ Over Tweets May 16, 2023 By Jonathan Stempel A federal appeals court on Monday rejected Elon Musk’s bid to modify or end his 2018 securities fraud settlement with...
Supreme Court Spurns Dispute Over Monsanto Class-Action Settlement May 15, 2023 By Andrew Chung The U.S. Supreme Court on Monday declined to hear a dispute involving a lawsuit against Bayer AG’s Monsanto Co that...
Clients Buy Higher Limits as Q1 Cyber Increases Follow Moderation Trend: Marsh May 15, 2023 By Chad Hemenway For the fifth straight quarter, pricing increases for cyber insurance continued to fall at the start of 2023. According to...
Washington Is Determined to Govern AI, but How? May 15, 2023 By Diane Bartz and Jeffrey Dastin U.S. lawmakers are grappling with what guardrails to put around burgeoning artificial intelligence, but months after ChatGPT got Washington’s attention,...
Data of 237,000 Government Employees Breached May 15, 2023 By David Shepardson The personal information of 237,000 current and former federal government employees has been exposed in a data breach at the...
Farmers Set to Abandon Wheat Crops at Highest Rate Since 1917 May 15, 2023 By Michael Hirtzer and Tarso Veloso America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at the highest...