Markets
California Sues Over ‘Forever Chemicals’ That Taint Water
A lawsuit filed by the state of California accuses 3M, Dupont and 16 smaller companies of covering up the harm caused to the environment and the public from chemicals manufactured by the firms that ...
Google to Pay About $400 Million to Settle Location-Tracking Lawsuit
Alphabet's Google will pay about $400 million to settle a complaint brought by a group of states over allegations the search and advertising giant illegally tracked users' locations, two people ...
Five More Years: Zaffino To Lead AIG Through 2027
On Friday, American International Group, Inc. announced that AIG and Peter Zaffino, president, chief executive officer and chair of the board, entered into an agreement securing Zaffino's employment ...
Zurich Expects $550M Hit From Hurricane Ian; Profit Targets on Track
Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe's fifth-largest insurer said on Thursday, though it remains on track to beat its 2020-2022 financial targets, ...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian
On Friday, the Federal Emergency Management Agency announced an initial estimate of Hurricane Ian losses for the National Flood Insurance Program, putting them in the range of $3.5-$5.3 billion, ...
SEC Cyber, Climate Disclosure Rules May Drive Up D&O Claims
New rules proposed by the U.S. Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors and officers ...
Many Cyber Criminals Return After Ransomware Payments Are Made
Over a third (36 percent) of companies that paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, 41 ...
Hourly.io, Great American Insurance Announce MGA Collaboration
Hourly.io, a workers comp and payroll startup, announced today that it is expanding its reach through a collaboration with Great American Insurance Group. In this expanded collaboration, Hourly will ...