Innovation is at the heart of the human experience, with a constant stream of new ideas and inventions changing the way we conduct business. But seismic shifts in technology don’t come all at once, or even at a steady pace—they …
Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those policies. Last week, State Farm cited its responsibility to …
It’s very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore could be as much as $2 billion to $4 billion, according to Morningstar. …
Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John Neal. “This has the potential to be one of …
The U.S. State Department on Wednesday offered up to $10 million for information on the “Blackcat” ransomware gang who hit the UnitedHealth Group’s tech unit and snarled insurance payments across America. “The ALPHV Blackcat ransomware-as-a-service group compromised computer networks of …
UnitedHealth Group said on Wednesday it has advanced more than $3.3 billion in loans to care providers impacted by a cyberattack on the U.S. healthcare conglomerate’s tech unit last month. Earlier this month, UnitedHealth launched a temporary funding program for …
Johnson & Johnson will get a new chance to contest the scientific evidence linking talc to ovarian cancer, a federal judge ruled on Wednesday, potentially disrupting more than 53,000 lawsuits the company is now facing over its talc products. In …
A federal court decision has raised new legal risks for a corner of Wall Street that bundles consumer loans into asset-backed securities. A US appeals court last week for the first time upheld the power of the Consumer Financial Protection …
Vast Space LLC, founded by cryptocurrency billionaire Jed McCaleb, is being sued by a former engineer who claimed he was fired for refusing to use improper radio frequencies in designs for a commercial space station the company hopes to launch …
For a decade, Illinois state Sen. Sue Rezin has recognized the technological and economic potential of lithium-ion batteries. Rezin, a Republican who serves in a district that is a major chemical and energy industry hub southwest of Chicago, also recognizes …
