Nationwide Plans 5% Reduction in Employee Headcount July 30, 2024 Insurer Nationwide said it is reducing its headcount by about 5% over the next year. “We can’t speculate on the...
Charter to Pay $15 Million to Resolve Probe into Network Outage Rules July 30, 2024 By David Shepardson Charter Communications will pay a $15 million civil penalty to resolve an investigation into compliance with network and 911 outage...
U.S. Coastal Communities Get $575M to Guard Against Floods, Other Climate Disasters July 30, 2024 By Wayne Parry The federal government is giving more than a half-billion dollars to coastal communities to help them use nature-based preventative measures...
GSK Settles Another Heartburn Drug Lawsuit In Illinois July 30, 2024 By Yadarisa Shabong and Shanima A British drugmaker GSK said on Monday it has agreed to confidentially settle a lawsuit in Illinois that alleged its discontinued...
Cannabis Firm Fights Insurer’s Denial of Business Income Loss Claim Following Fire July 30, 2024 By Andrew G. Simpson A Berkshire Hathaway insurer is insisting it does not owe $1.3 million in claimed business income losses to a cannabis...
Tesla Analyst Nearly Crashes While Using ‘Full Self-Driving’ July 30, 2024 By Craig Trudell Elon Musk has said during Tesla Inc.’s last two earnings calls that investors won’t understand the company unless they’re using...
Wells Fargo Must Face Lawsuit Over Sham Job Interviews July 30, 2024 By Jonathan Stempel A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring...
Reckitt Plunges to 11-Year Low on Abbott Infant Formula Verdict July 29, 2024 By Joel Leon and Dasha Afanasieva Reckitt Benckiser Group Plc plunged to an 11-year low on Monday after a verdict against Abbott Laboratories intensified concerns over...
Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation July 29, 2024 By Insurance Journal staff reports Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals”...
California Wildfire Grows to 575 Square Miles, Destroying at Least 100 Structures July 29, 2024 At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico,...