Snap Says It’s Wrongly Dragged Into Social Media Addiction Suits April 19, 2023 By Malathi Nayak nap Inc. says it can’t be sued for allegedly addicting young users and contributing to a mental-health crisis because its...
Catastrophe Losses Cause Q1 Drop in Travelers’ Net Income April 19, 2023 By Chad Hemenway First quarter net income at Travelers Cos. fell 4% to $975 million as catastrophes cost the insurer a total of...
Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity April 19, 2023 By Dan Beatty and Erin Zimmerman Executive Summary: An uncertain economic landscape leading to a rise in claims, decreasing rates, and proposed US Securities and Exchange...
J&J Talc Unit Asks Judge to Halt Cancer Lawsuits as it Pursues $8.9B Settlement April 19, 2023 By Dietrich Knauth A Johnson & Johnson subsidiary is again asking a U.S. judge to pause tens of thousands of lawsuits alleging the...
Fox News to Pay $787 Million to Settle Election Suit, Dominion Says April 19, 2023 By Erik Larson and Jef Feeley Fox News’s agreement to pay $787.5 million to settle a voting machine maker’s defamation lawsuit over the network’s 2020 election...
People Moves: Ascot Names Williams U.S. CIO; Falcon Expands Leadership Team; Everest Names Mulray President of N.A. Insurance April 19, 2023 By Jahna Jacobson Ascot Group Names Williams U.S. CIO Ascot Group has appointed Owen Williams to the newly created role of chief information...
SEC Sees Decentralized Crypto Platforms as Exchanges, Seeks Public Input April 18, 2023 By Chris Prentice and Hannah Lang The U.S. Securities and Exchange Commission met on Friday to open public comment again on its proposal to expand the...
Philips Slow in Replacing Recalled Sleep Devices, Regulator Says April 18, 2023 American consumers may be waiting longer than expected for Royal Philips NV to replace sleep apnea devices that were recalled,...
Elon Musk Says He Will Launch Rival to Microsoft-Backed ChatGPT April 18, 2023 By Hyunjoo Jin and Sheila Dang Billionaire Elon Musk said on Monday he will launch an artificial intelligence (AI) platform that he calls “TruthGPT” to challenge...
Markets/Coverages: Everspan, MGA Ledgebrook Partner on GL Program April 18, 2023 Everspan Group said it has partnered with specialty MGA Ledgebrook on a new program offering general liability and supported excess...