Preliminary estimates of insured losses from Hurricane Idalia have already begun, with about $9 billion in losses predicted for Florida alone. The estimates are far lower than some in Florida had feared and well below the $60 billion in losses …
The U.S. Food and Drug Administration on Wednesday issued warnings to three infant formula makers to correct their manufacturing processes to better catch bacterial contamination, but added it does not expect any impact on the supply. The regulator issued warning …
Cleanup and recovery from Hurricane Idalia began on Thursday along Florida’s Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago. Idalia crashed …
U.S. officials said Tuesday that the FBI and its European partners infiltrated and seized control of a major malware network used for more than 15 years to commit a gamut of online crimes including crippling ransomware attacks. They then remotely …
A federal appeals court has discarded its own long-time precedent and expanded the scope of discrimination claims that employees can bring against their employers under Title VII of the Civil Rights Act. In so ruling, the Fifth Circuit of Appeals, …
A California federal judge has refused to dismiss a lawsuit accusing X, the social media service formerly called Twitter, of disproportionately laying off older workers when Elon Musk acquired the company last year. U.S. District Judge Susan Illston on Tuesday …
A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. According to court documents in U.S. District Court for the Middle …
Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of potential storms left this season. Warren Buffett’s …
Cover Genius Names Rudow Chief Financial Officer Cover Genius appointed David Rudow as its new chief financial officer (CFO). Rudow has over 18 years of experience and previously served as CFO of the cloud-based technology company nCino. Other previous roles …
The U.S. auto safety regulator investigating Tesla’s Autopilot driver assistance system is demanding an explanation for a software change that allows drivers to keep their hands off the wheel for longer, risking collisions, documents released on Tuesday showed. The National …
