National News

Trump Allies Attack Corporate ‘Bigotry’ Against White Men

One complaint accuses Macy’s Inc. of discriminating against White men. Another levels that allegation against BlackRock Inc. A third points a finger at, of all things, NASCAR – a largely White sport where Confederate flags were prevalent until they were …

Starbucks Says It Wants Union Talks, Agreements in 2024

Starbucks Corp. said it reached out to the union representing hundreds of its stores to try to end an impasse over contract talks, a conflict that has frayed the coffee giant’s relationship with some of its frontline employees. The chain …

Amazon Asks Judge to Dismiss FTC Lawsuit, Says No Consumer Harm Shown

Amazon.com asked a federal court on Friday to dismiss a U.S. government antitrust lawsuit which accuses the company of using illegal strategies to boost profits at its online retail empire, including an algorithm that allegedly pushed up prices by more …

NRA to Have Surprising Defender in Supreme Court Free Speech Case: the ACLU

In a case of politics making strange bedfellows, the National Rifle Association will be represented by frequent nemesis the American Civil Liberties Union in an appeal before the U.S. Supreme Court. The New York-based civil liberties group confirmed Saturday that …

Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators

The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may violate antitrust laws, according to a person familiar with the matter. The inquiries are preliminary and the agency hasn’t opened …

Boy Scout Abuse Claims Fund Shouldn’t Pay $21M in Lawyers’ Fees, Judge Says

The judge presiding over the Boys Scouts of America’s bankruptcy has rejected a $21 million fee request from attorneys hired by law firms representing survivors of child sexual abuse. A group of personal injury firms called the Coalition of Abused …

US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months

U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result, highlighted in short financial review from AM Best, is $7.6 billion worse than the same period a year ago. The …

People Moves: Newbold Named President of Verisk Extreme Event Solutions; Rudnick Division Manager of FM Global’s AFM

Verisk, headquartered in Jersey City, N.J., named Rob Newbold president of Extreme Event Solutions. Current President Bill Churney will retire effective December 31. Newbold joined Verisk in 2002 as a risk consultant and most recently served as executive vice president …

US, UK Say Russia Targeted Officials in Political Cyber Campaign

The US and UK have launched a coordinated effort to disrupt a longtime alleged Russian government hacking campaign aimed at what they say is an attempt to undermine democratic processes in both their countries. The UK accused Russia’s main intelligence …

Regulatory Battles In Personal Lines Ahead; Allstate May Drop Customers

Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push for rate in 2024 will set the stage for more faceoffs between regulators and insurers. Tim Zawacki, principal insurance analyst, …

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