McKinsey Poised to Pay at Least $500 Million in DOJ Opioid Probe October 17, 2024 By Ambereen Choudhury, Sabrina Willmer and Chris Strohm McKinsey & Co. is nearing a deal with U.S. prosecutors to pay at least $500 million to settle federal probes...
On-Demand Economy Drivers Say Auto Insurance is One of Their Biggest Financial Burdens October 17, 2024 More than a quarter of rideshare drivers say that vehicle insurance is one of their biggest financial burdens, and 25%...
Vector Risk Solutions Names Cruce Chief Strategy Officer October 17, 2024 Vector Risk Solutions named Joshua Cruce chief strategy officer. Cruce will be responsible for driving the company’s strategic initiatives, and...
Stellantis Recalls 54,000 Hybrid SUVs Worldwide Over Brake Pedal Defect October 17, 2024 By Nathan Gomes and David Shepardson Carmaker Stellantis said on Wednesday it is recalling 54,000 hybrid crossover SUVs worldwide because the brake pedal in the vehicles...
RTX Agrees to $950M Settlement Over US Defense Fraud, Qatar Bribery October 17, 2024 By Luc Cohen in New York and Nate Raymond RTX agreed to pay nearly $950 million to resolve federal charges it defrauded the U.S. Department of Defense into overpaying...
Report: Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son October 16, 2024 By Staff and Wire Reports Progressive Insurance will pay $500,000, the policy limits, to the family of a young woman killed in a 2019 boat...
Verisk Estimates Insured Losses for Hurricane Milton at Between $30B and $50B October 16, 2024 Insured industry losses to onshore property for Hurricane Milton will fall between $30 billion and $50 billion, according to an...
J&J Must Pay $15M to Man Who Says Talc Caused His Cancer, Jury Finds October 16, 2024 By Brendan Pierson Johnson & Johnson must pay $15 million to a Connecticut man who alleges that he developed mesothelioma, a rare form...
Musk’s Vow to Make Lots of Robotaxis Conflicts With US Rules October 16, 2024 By Keith Laing Elon Musk promised to pump out robotaxis in high numbers when Tesla Inc. unveiled prototypes of its Cybercab last week....