The U.S. Department of Justice said a record 543 settlements and judgements under the False Claims Act resulted in about $2.7 billion in the fiscal year ending Sept. 30, 2023. The amount of settlements and judgements was a 54% increase …
A cyberattack that has disrupted Change Healthcare’s computer networks for nearly a week is creating a growing administrative problem for pharmacies and health-care providers around the nation. Change Healthcare, a division of UnitedHealth Group Inc., processes insurance claims and pharmacy …
OpenAI has asked a federal judge to dismiss parts of the New York Times’ copyright lawsuit against it, arguing that the newspaper “hacked” its chatbot ChatGPT and other artificial-intelligence systems to generate misleading evidence for the case. OpenAI said in …
The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346, down from 449 in the previous year, according to a new report from Clyde & Co. But the global law firm believes “deal activity …
The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. Monday, arguing the tie-up would lead to lower wages for workers and higher prices for groceries. In a complaint …
Markel Group Inc., headquartered in Glen Allen, Virginia, named Mike Heaton as executive vice president and chief operating officer. Heaton most recently served as executive vice president at Markel Group. From 2016 to 2022, he served as president of Markel …
MGM Resorts International disclosed that state and federal regulators were probing a cyberattack on its systems that took place in September and caused a $100 million hit to the company’s third-quarter results. The casino operator intends to respond to the …
Hackers working for the ‘Blackcat’ ransomware gang are behind the outage at UnitedHealth’s technology unit that has snarled prescription deliveries for six days, two people familiar with the matter told Reuters on Monday. The problems began last week after hackers …
Verisk Analytics forecast 2024 adjusted profit below market estimates last Wednesday, as the broader data and analytics industry grapples with worries that an uncertain economy would potentially trigger spending cutbacks from clients. The company’s products primarily cater to U.S. property …
As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on are getting a lot tougher to crack. The strategy in question is tied to insurance-linked securities, which are dominated by …
