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Author: Annie George

U.S. Antitrust Enforcers Are Chilling Big Mergers

USI acquires Texas agency

The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive approval processes.

Published May 10, 2023
Categorized as Show on Homepage Tagged antitrust, mergers, U.S. Government

Twitter Beats Two Lawsuits Stemming from Mass Layoffs

Twitter employee lawsuit

A California federal judge on Monday dismissed a proposed class action accusing Twitter Inc of targeting female employees for layoffs after Elon Musk acquired the company last year.

Published May 10, 2023
Categorized as Show on Homepage Tagged class action suit Twitter, mass layoffs, Twitter layoffs

Former Uber Security Chief Sentenced for Data Breach Cover-Up

Uber hack coverup

The former chief security officer for Uber was sentenced to probation Thursday for trying to cover up a 2016 data breach in which hackers accessed tens of millions of customer records from the ride-hailing service.

Published May 10, 2023
Categorized as Show on Homepage Tagged data beach cover up, uber hack

White House Considers Ban on Ransom Payments, With Caveats

Christie's ransomware

The White House and international partners in the fight against ransomware are considering a ban on ransom payments, eyeing a new and complicated means to counter financially motivated threat actors.

Published May 9, 2023
Categorized as Show on Homepage Tagged cyber insurance, cybersecurity, ransomware, ransomware ban, White House

Channel Harvest Research Shows Agencies Hitting Their Stride on Growth

Insurance agency study

Independent insurance agencies clearly have put the impact of the pandemic-related shutdowns in the rear-view mirror, according to the 2023 Channel Harvest Research survey.

Published May 9, 2023
Categorized as Show on Homepage Tagged agency growth, commercial lines growth, insurance agencies

Goldman Sachs to Pay $215M to Settle Female Employees’ Discrimination Case

Goldman Sachs settlement

Goldman Sachs has agreed to pay $215 million to settle a class-action lawsuit with a large group of former and current female employees.

Published May 9, 2023
Categorized as Show on Homepage Tagged class-action suit, gender discrimination suit, Goldman Sachs lawsuit

SEC Awards $279M in Largest-ever Whistleblower Payout

SEC Sues Coinbase

The SEC announced a $279 million award to a whistleblower, the largest the agency has ever given someone who stepped forward with information benefiting an investigation.

Published May 9, 2023
Categorized as Show on Homepage Tagged SEC, SEC investigation, whistleblower award

NY AG Plans to Tighten Crypto Regulations with New Proposal

Crypto Regulations

New York AG Letitia James announced her latest effort to regulate the crypto industry, citing that hundreds of billions of investor funds have been lost due to fraud and “opaque business practices” in the industry.

Published May 9, 2023
Categorized as Show on Homepage Tagged crypto fraud, crypto regulations, NY AG

PLM Promotes 3 Team Members in Finance, Underwriting and IT

PLM

Pennsylvania Lumbermens Mutual Insurance Company (PLM) today announced several key promotions.

Published May 9, 2023
Categorized as Show on Homepage Tagged lumberman insurance, P&C insurance, PLM, workworking insruance

Commercial Insurance Rates Steadying in 2023

premium increases down or flat

In WTW’s latest Insurance Marketplace Realities (IMR) report, Spring 2023 update, most coverage lines continue to demonstrate a stabilizing market trend that began in early to mid-2022.

Published May 8, 2023
Categorized as Show on Homepage Tagged commercial insurance rates, commercial lines Q2, insurance markeplace realities, WTW

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