Citi, Revlon Lenders Reach Deal Over $500M Accidental Payment December 19, 2022 Citigroup Inc. reached an agreement with all 10 Revlon Inc. lenders it mistakenly paid about $500 million on a loan,...
Hacker Claims Breach of FBI’s Critical-Infrastructure Portal December 16, 2022 By Frank Bajak A hacker who reportedly posed as the CEO of a financial institution claims to have obtained access to the more...
Financial Stress Harming Workers’ Mental Health: The Hartford December 16, 2022 New research by The Hartford finds 63% of U.S. workers feel their financial stress has increased over the past year,...
People Moves: EMC Appoints Pulkstenis CUO; 2 Senior Hires at Cover Whale December 16, 2022 EMC Appoints Eduard Pulkstenis SVP, Chief Underwriting Officer EMC Insurance Companies has named Eduard Pulkstenis as senior vice president –...
Lawsuit Against State Farm Alleges Racial Discrimination in Claims Handling December 16, 2022 By Chad Hemenway State Farm’s claims handling process is the subject of a new lawsuit alleging disparities between the insurer’s treatment of claims...
Safety Probe Opened Into Autonomous Driving System in GM’s Cruise Vehicles December 16, 2022 By David Shepardson U.S. auto safety regulators said Friday they have opened a formal safety probe into the autonomous driving system in vehicles...
Twitter Must Notify Laid-Off Workers of Pending Lawsuit, Judge Rules December 16, 2022 By Daniel Wiessner Twitter Inc must notify the thousands of workers who were laid off after its acquisition by Elon Musk of a...
Calling All Top P/C Agents: Agents of the Year Nominations Now Open December 15, 2022 Insurance Journal is once again searching for the nation’s leading independent agents and to become part of the annual Top...
D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz December 15, 2022 By L.S. Howard Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions,...
GM Recalls 825,000 Trucks, SUVs Over Headlight Issue December 15, 2022 By David Shepardson General Motors said on Wednesday it was recalling 825,000 trucks and SUVs in North America because daytime running lights may...