KKR & Co.’s buyout of a French insurance broker is offering a window into the diminishing power of Wall Street’s vaunted leveraged finance machine. The buyout firm agreed to fund on its own the totality of the €2.3 billion ($2.4 …
The U.S. Department of Justice’s bankruptcy watchdog on Thursday called for an independent investigation into the collapse of crypto exchange FTX, saying customers need a neutral party to investigate allegations of “fraud, dishonesty, incompetence, misconduct, and mismanagement.” FTX has ousted …
Meta Platforms Inc. unlawfully steered dozens of hiring ads from trucking companies and other advertisers to mostly one gender or age group, an advocacy group for female truckers alleged in a U.S. complaint on Thursday, citing the social media giant’s …
Despite recent hurricanes in Florida, continued insurance claims litigation, and steadily rising reinsurance rates, insurers and reinsurers have reason to be optimistic about the next few years. Due to a variety of factors, including large loss events, the state is …
A New York law prohibiting hate speech on social media was challenged by the Volokh Conspiracy legal blog and the Peter Thiel-backed video site Rumble Inc., which claimed the measure will hurt online services and seek to silence unfavorable but …
About 50 correctional officers at a Massachusetts prison are participating in a pilot program to evaluate the use of body cams in improving safety and transparency in state Department of Correction facilities, officials announced Monday. The program is taking place …
New Mexico is suing more than a dozen tobacco companies, accusing them of conspiracy and breach of contract. Attorney General Hector Balderas announced the legal challenge this week, claiming that the companies have been withholding portions of annual payments that …
Oregon OSHA fined Mattress Megastore in Hillsboro more than $66,000 for multiple workplace safety violations, including willfully exposing employees to serious injury or death from potential traffic accidents. The penalties followed an inspection launched by the division in response to …
Sea levels along U.S. coastlines could rise as much as 12 inches above today’s waterline by 2050, according to NASA researchers. The results from the NASA Sea Level Change Team rely on measurements from a network of satellite altimeters along …
Brian First has been promoted to president of Arch Insurance North America. First was promoted from chief underwriting officer of programs, property and specialty. First, who joined Arch in 2014 and has 30 years of industry experience, will now have …
