Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers—four women and four men—claim Musk ordered …
US consumers, unaccustomed to falling prices for the past several years, were able to breathe a little bit easier last month as many necessities — from groceries to gasoline to car insurance — became cheaper. Even many discretionary goods and …
U.S. healthcare providers can ask UnitedHealth Group to notify people whose data was exposed during a hack on the company’s Change Healthcare unit in February, according to an update on the health department’s website. The news comes as a relief …
Hiscox appointed Mary Boyd CEO of its U.S. business unit to replace Kevin Kerridge, who is stepping down after 30 years in the business. Boyd, who will join specialist insurer Hiscox on June 24, was CEO of Plymouth Rock Assurance’s …
Billionaire entrepreneur Elon Musk on Tuesday moved to dismiss his lawsuit accusing ChatGPT maker OpenAI and its CEO Sam Altman of abandoning the startup’s original mission of developing artificial intelligence for the benefit of humanity and not for profit. Attorneys …
The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to a recently published AM Best report. The gain marks a reversal of an $8.5 billion loss recorded in the same …
Rate increases do not necessarily erode customer satisfaction with auto insurers, according to the J.D. Power 2024 U.S. Auto Insurance Study. The consumer intelligence company reported that when customers have a high level of trust in their insurer, customer satisfaction …
A legal assault on the U.S. Securities and Exchange Commission is chipping away at its powers to oversee Wall Street and is likely to intensify with two imminent Supreme Court rulings. A U.S. appeals court last week overturned a major …
Executive Summary: While insurance leaders plan to use machine learning capability in their pricing and underwriting processes, only a small proportion actually have embraced the technology. They need to take the next step because these are essential tools that will …
Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from other structures until an issue posing a fire hazard is fixed. The front power seat motor on the affected Tellurides …
