Editor's Picks 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... Read More
Editor's Picks 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... Read More
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.... Read More
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... Read More
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,... Read More
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... Read More
FTC Ban on Worker Noncompete Agreements Delayed by Judge July 5, 2024 By Madlin Mekelburg and Rachel Graf A federal judge delayed implementation of the US Federal Trade Commission’s near-total ban on noncompete agreements, the first salvo in... Read More
Editor's Picks State Farm Seeking Large Rate Increases in Wildfire-Prone California July 3, 2024 By Don Jergler and Chad Hemenway State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7%... Read More
Editor's Picks U.S. P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red July 3, 2024 By Chad Hemenway For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion... Read More
Hurricane Beryl Roars Toward Jamaica on Destructive Path July 3, 2024 By Brian K. Sullivan and Stephen Stapczynski Hurricane Beryl churned toward Jamaica with violent winds, heavy rains and a life-threatening storm surge that could cause more than... Read More