Root Sues Former CMO Over At Least $9.4M in Unauthorized Payments February 6, 2023 By Chad Hemenway Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments...
Allstate’s Plan to Return to Profit in Auto February 6, 2023 By Chad Hemenway Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s...
U.S. Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy February 6, 2023 By Dietrich Knauth Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss...
Hackers Who Breached ION Say Ransom Has Been Paid; Company Declines Comment February 6, 2023 By Raphael Satter The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid,...
FTC Is Preparing Potential Antitrust Case Against Amazon February 6, 2023 By Leah Nylen and Spencer Soper The US Federal Trade Commission is preparing a possible lawsuit against Amazon.com Inc. that could be filed as soon as...
Tech Trends Unpacked at Insurtech Summit February 6, 2023 By Allen Laman A new event recently brought insurtech experts together to explore trends and share tips. On Jan. 20, industry groundbreakers, forward-thinking...
Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets February 6, 2023 By Jody Godoy A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors...
People Moves: DUAL Hires Chief Risk Officer, Actuarial Lead; Allianz Nabs Chubb COO to Head N.A. Financial Lines February 3, 2023 DUAL Hires Chief Risk Officer and Actuarial Lead DUAL North America, Inc., based in Naples, Florida, has hired Ranjit Jaswal...
FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal February 3, 2023 By Jonathan Stempel A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a...
Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close February 3, 2023 By Jody Godoy A lawyer for Tesla Inc. shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding...