Boeing to Plead Guilty to Fraud for Violating Deal Over 737 Max Crashes July 8, 2024 By Chris Strohm, Julie Johnsson and Allyson Versprille Boeing Co. agreed to plead guilty to criminal conspiracy to defraud the US after the Justice Department concluded the planemaker...
The Key Role of Workplace Safety Education in Small Business Insurance July 8, 2024 By Carla Woodard It’s no surprise that a recent survey we conducted shows 25% of small businesses don’t feel secure in their understanding...
GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours July 8, 2024 By Andrew G. Simpson Insurer GEICO has agreed to pay $6 million to settle claims by auto damage claims adjusters who allege the insurer...
Report: Insured Losses from Beryl in Jamaica and Caymans $400M-$700M; Mexico’s Yucatan Less Than $1B July 5, 2024 Insurable losses from Hurricane Beryl across Jamaica and the Cayman Islands will be between $400 million and $700 million, while...
Crypto Hacking Thefts Double to $1.4B in First Half of 2024, Researchers Say July 5, 2024 By Elizabeth Howcroft The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a...
Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims July 5, 2024 By Andrew G. Simpson Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the...
GM to Pay $145.8 Million Penalty After U.S. Finds Excess Emissions July 5, 2024 By David Shepardson General Motors will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S....
Discover Agrees to Settle Class-Action Suit for Overcharging Merchants July 5, 2024 By Paige Smith Discover Financial Services, the credit-card firm that agreed to be acquired by Capital One Financial Corp., said it reached an...
Walmart Must Face Lawsuit Over Deceptive Pricing in Stores July 5, 2024 By Jonathan Stempel Walmart must face a lawsuit claiming it often charges higher prices at the register than it posts on store shelves,...
Investing in Climate Resilience Really Pays off, Study Shows July 5, 2024 By Kimberly Tallon Weather-related catastrophes are increasing in frequency and intensity, and billion-dollar disasters are becoming the norm. The U.S. averages about 10...