U.S.
VW, U.S. Dealerships Propose $1.2B Emissions-Cheating Accord
Volkswagen AG is asking a judge to approve its $1.2 billion agreement with its U.S. dealerships for losses caused by its emissions-cheating scandal. The proposed settlement increases the amount VW ...
GEICO Loses Chance to Gain SCOTUS’s Ear for Overtime Appeal
The U.S. Supreme Court on Monday declined to hear GEICO General Insurance Co's appeal of a ruling that the No. 2 auto insurer in the United States must pay overtime wages to its claims investigators ...
Brexit Trigger to be Pulled by March 2017: British PM Theresa May
Prime Minister Theresa May said she'll begin the U.K.'s withdrawal from the European Union in the first quarter of 2017 in her clearest announcement yet about her government's Brexit strategy. The ...
Allstate CEO Thomas Wilson Wants Future Corporations to Help Solve Society’s Problems
Allstate Chairman and CEO Thomas Wilson wants corporations of the future to help solve society's problems, and be rewarded for doing so. "Corporations should be encouraged and rewarded for stepping ...
AIG Hires Another Veteran JPMorgan Chase IT Exec for Major Role
AIG is hiring another JP Morgan Chase & Co. information technology executive in a major leadership role. Hugh Tamassia is set to become AIG's new chief enterprise architect, effective Oct. 3. AIG ...
Obesity Linked to Higher Workers Compensation Costs in New Study
Obese and overweight workers are more likely to incur high costs related to workers compensation claims for major injuries, reports a study in the September Journal of Occupational and Environmental ...
Jury Orders Costco to Pay $5.5M for Selling Fake Tiffany Rings
Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday. Tiffany is also entitled ...
CNO Financial Severs Beechwood Re Ties, Files Suit Over Hedge Fund Exposure
CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by ...