Brookfield Asset Management’s reinsurance unit agreed to buy out insurer Argo Group International for $1.1 billion.
Author: Annie George
Ransomware Outbreak Hits Florida State Court System and Universities in U.S., EU
An analysis of ransom notes posted online to stricken servers shows that a global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe.
Wells Fargo Agrees to Pay $300M to Settle with Shareholders Over Auto Insurance Disclosures
Wells Fargo & Co agreed to pay $300 million to settle a shareholder lawsuit alleging the bank concealed the fact that it had pushed unnecessary insurance on auto loan customers.
Report: Crypto Becomes ‘New Frontier’ in Securities Class Action Filings
Core federal filings related to cryptocurrency more than doubled from the previous year in 2022, setting a new record.
Samsung Chip Plant Sues Insurer Over $400M in Storm Damage Claims
A Samsung Electronics Co. semiconductor plant in Texas sued its insurer for $400 million in damage claims.
CVS Agrees to Buy Clinic Owner Oak Street Health for $10.6B
CVS Health Corp. agreed to buy Oak Street Health Inc. for $10.6 billion in cash and debt.
Private Equity Taps Insurers’ Cash to Speed Up Growth
Investment firms on the cutting edge of finance are turning to one of Wall Street’s oldest industries to help them grow: insurance.
Product Safety Recalls Rose by 33% in 2022: Report
The number of product recalls is at its highest since 2016, ranging from carbon-monoxide-emitting gas stoves to treadmills.
Monsanto Sued Again Over Legacy of Toxic PCBs
Cities in California are suing Monsanto Co. to compel it to clean up pollution caused by a chemical coolant produced by the former agricultural giant for decades that leaked into bay waters.
Getty Images Lawsuit Says Stability AI Misused Photos to Train AI
Getty Images has filed a lawsuit against artificial intelligence company Stability AI Inc, accusing it of misusing more than 12 million Getty images to train its Stable Diffusion AI image-generation system.