Altamont Capital Partners has signed a definitive agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its long-time owner, Topa Equities Ltd. Terms of the deal weren’t disclosed. The transaction is subject to customary closing conditions, including receipt of required …
Tesla Inc. received a cease-and-desist letter last year from the U.S. National Highway Traffic Safety Administration (NHTSA) for making misleading statements over safety ratings of its Model 3 cars, according to documents seen by Reuters. The documents also showed that …
New York Times Co. must face a defamation lawsuit by former Alaska governor Sarah Palin over an editorial that linked her to the shooting of Arizona lawmaker Gabrielle Giffords, a federal appeals court said. The ruling is a win for …
Los Angeles, Calif.-based national wholesale insurance broker Worldwide Facilities has signed an agreement with Genstar Capital, a San Francisco-based private equity firm, for an investment in Worldwide Facilities. The financial terms of the transaction were not disclosed. Private equity firm …
Richmond, Virginia-based specialty insurer Kinsale Capital Group said it intends to offer 530,000 shares of common stock in a public offering. Kinsale said it also expects to grant the underwriters a 30-day option to purchase up to an additional 79,500 …
The fallout from Volkswagen’s 2015 emissions scandal cost other German car makers billions of dollars in sales, according to new research from Notre Dame University. In 2015, Volkswagen was exposed for bypassing U.S. emissions standards by equipping their diesel-engine cars …
A federal judge on Tuesday expressed support for a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every community nationally into their settlement talks despite objections from most states. …
The Insurance Industry Charitable Foundation (IICF) has promoted Betsy Myatt to vice president, chief program officer, effective Aug. 1. In this newly created role, Myatt will focus on the continued expansion of IICF conference programming and thought leadership in the …
Pornography producers and sellers account for the lion’s share of copyright-infringement lawsuits in the U.S. — and judges may have seen enough. The courts are cracking down on porn vendors that file thousands of lawsuits against people for downloading and …
Equifax 2017. Marriott 2018. Capital One 2019. Data breaches through hacking attacks are distressingly common these days, and personal details about you can lead to identity theft, such as credit cards and loans in your name. But it’s hard to …
