Monthly Archives: <span>August 2024</span>

CrowdStrike Is Sued by Shareholders Over Huge Software Outage

CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. In a proposed class action filed …

AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2%

The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG). The deconsolidation and divestitures from last year affected AIG’s general insurance underwriting income, …