Sam Bankman-Fried, testifying in his own defense at his fraud trial on Friday, acknowledged that a “lot of people got hurt” when the FTX cryptocurrency exchange he founded collapsed, but said he did not defraud anyone or take customer funds. …
The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial lines segment. The Hartford, Connecticut-based insurer said third quarter net income in commercial lines grew more than 80% to $519 …
Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S. The terminations will be felt in several departments this month and many will become effective by the …
The Liberty Company Insurance Brokers announced its National Private Client Practice Group, spearheaded by Liberty Partner Steve Rivera. With over two decades of experience in insurance, Rivera, a former executive at Momentous Insurance Brokerage, Inc., now a Marsh McLennan Agency, …
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the annual IICF Week of Giving, a celebration of the insurance industry’s year-round dedication to volunteerism, from October 14–21. According to a press …
An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022 and more than double …
More than two-thirds of Amazon.com Inc. US warehouse workers surveyed by researchers reported that they took unpaid time off to recover from pain or exhaustion sustained on the job. The new national study, published Wednesday by the University of Illinois …
Sam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions of dollars from customers. Defense lawyer …
The U.S. Environmental Protection Agency on Monday proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. The move would end a nearly four decade …
A conservative group that lost a challenge to Nasdaq’s board diversity disclosure rule appealed the decision on Wednesday, requesting a full court review and saying that the rule discriminates based on race and sex. The rule approved by the U.S. …
