National News

UnitedHealth Expects Up to $1.6 Billion Hit from Change Healthcare Hack

UnitedHealth Group expects to take a hit of as much as $1.6 billion this year from disruptions caused by the February cyberattack at its Change Healthcare unit. Despite the disruptions, UnitedHealth still beat estimates for first-quarter adjusted profit, sending its …

NFL Has 8 New Impact Mitigating Helmets for Quarterbacks and Linemen

Eight new position-specific helmets for quarterbacks and linemen have been approved by the NFL and the NFL Players Association. Two of the new models manufactured by Riddell are designed for quarterbacks while six helmets are made for offensive and defensive …

Supreme Court Rules Corporate Silence on Impactful Trends Not Securities Fraud

Shareholders cannot sue companies for fraud if they flout a rule requiring disclosure of trends expected to affect their bottom line unless the omission makes another statement misleading, the U.S. Supreme Court ruled on Friday. The 9-0 ruling authored by …

FBI Opens Criminal Probe Into Deadly Baltimore Bridge Collapse

The FBI said on Monday it opened a criminal probe into the collapse of a Baltimore bridge in March when a ship crashed into a bridge support, while local officials confirmed the recovery of a fourth body from the incident. …

Markets/Coverages: Parametric Insurer FloodFlash Adds Business Interruption

Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage. U.S. Commercial Director Rich Coyle said his firm created Flood BI because many businesses and public …

JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback

The family of an elderly JPMorgan Chase & Co. client who lost tens of millions of dollars on investments as he slid into dementia faces a major setback in their years-long legal battle with the bank, after a magistrate judge …

Uber Boosts Safety Features Aimed at Women Passengers

Uber Technologies said on Wednesday that it is boosting its safety features for passengers around the world, as it looks to minimize risk and ensure security for women at night. The features allow passengers during a ride to select up …

Insurer Bowhead Specialty’s IPO Filing Shows Profit More Than Doubled in 2023

Bowhead Specialty Holdings disclosed on Friday that its net profit more than doubled in 2023, as the insurance underwriting company made its IPO filing public amid a rebound in fresh U.S. listings. The U.S. initial public offering market is expected …

Supreme Court Allows More Transport Workers to Bypass Arbitration and Sue Employers

The U.S. Supreme Court on Friday paved the way for more truck drivers and other transportation workers to file employment-related lawsuits in court rather than private arbitration, ruling that an exemption from arbitration extends to workers outside of the transportation …

Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says

The owner of the ship that destroyed Baltimore’s Francis Scott Key Bridge has started a formal process in which companies that own goods on the stricken Dali will have to share some of the financial losses, according to the world’s …

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