Kroger to Pay Up to $1.4 Billion to Resolve Opioid Lawsuits September 8, 2023 By Nate Raymond Kroger on Friday said it would pay as much as $1.4 billion to resolve thousands of lawsuits by U.S. states,...
Microsoft to Defend Customers on AI Copyright Challenges September 8, 2023 Microsoft will pay legal damages on behalf of customers using its artificial intelligence (AI) products if they are sued for...
Lloyd’s Syndicate Probitas 1492 to Launch Special Purpose Arrangement in 2024 September 8, 2023 Lloyd’s syndicate Probitas 1492 has announced the launch of a special purpose arrangement (SPA) for the 2024 year of account...
Hurricane Lee Strengthens to Category 5 Storm September 8, 2023 By Brian K. Sullivan Hurricane Lee has become the strongest Atlantic storm since 2019 with winds of 165 miles (266 kilometers) per hour, and...
Hyundai and LG to Invest Another $2B into EV Battery Plant in Georgia September 8, 2023 SAVANNAH, Ga. (AP) — Hyundai Motor Group and LG Energy Solution said Thursday they will spend an additional $2 billion...
Facebook Settlement Lawyers Want ‘Nick Bosa Money,’ Judge Says September 8, 2023 By Joel Rosenblatt Lawyers who sued Facebook over user privacy violations are seeking $180 million in attorneys fees — a sum the judge...
NC Bars’ Lawsuit Seeking Damages from State Over COVID Closures Can Continue September 8, 2023 RALEIGH. N.C. (AP) — Portions of a lawsuit filed by several North Carolina bars and their operators seeking financial damages...
Prudential, Warburg Pincus Team Up to Back New Reinsurer September 8, 2023 By Allison McNeely Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a...
Markets/Coverages: Carpenter Launches Update of Catastrophe Analytics Platform September 8, 2023 Guy Carpenter, the reinsurance business of Marsh McLennan, announced the launch of the next generation of its catastrophe analytics platform,...
Allianz Unveils €20 Billion Spending Target in Net-Zero Transition Plan September 8, 2023 By Alastair Marsh Allianz SE is planning to invest €20 billion ($21.4 billion) in renewable energy and low-carbon technology by 2030, as it...