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.
Author: Annie George
Twitter Beats Two Lawsuits Stemming from Mass Layoffs
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.
Former Uber Security Chief Sentenced for Data Breach Cover-Up
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.
White House Considers Ban on Ransom Payments, With Caveats
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.
Channel Harvest Research Shows Agencies Hitting Their Stride on Growth
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.
Goldman Sachs to Pay $215M to Settle Female Employees’ Discrimination Case
Goldman Sachs has agreed to pay $215 million to settle a class-action lawsuit with a large group of former and current female employees.
SEC Awards $279M in Largest-ever Whistleblower Payout
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.
NY AG Plans to Tighten Crypto Regulations with New Proposal
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.
PLM Promotes 3 Team Members in Finance, Underwriting and IT
Pennsylvania Lumbermens Mutual Insurance Company (PLM) today announced several key promotions.
Commercial Insurance Rates Steadying in 2023
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.