A money manager at Carl Icahn’s investment firm is suing Bausch + Lomb Corp. and his billionaire employer, alleging he was discriminated against for being White. The manager, Steven Miller, claims he wasdenied a board seat when the activist investor …

German prosecutors charged two former board members of Greensill Bank AG for their roles in the 2021 demise of the lender. The men are charged with bankruptcy crimes and false accounting, a spokesman for Bremen prosecutors said in an emailed …

Scope Ratings, which brands itself as Europe’s home-grown alternative to S&P, Moody’s and Fitch, plans a U.S. expansion drive and a stock market listing in the coming years, its founder and chief executive has told Reuters. Berlin-headquartered Scope has seen …

It began with “door knockers” – the all-too-familiar practice of roofing companies telling homeowners that they could get a new roof with little or no out-of-pocket expense. North Carolina Farm Bureau Insurance, the second-largest property insurer in the state with …

A lawyer for the family of late pitcher Tyler Skaggs argued that the Los Angeles Angels’ failure to investigate reports of drug use and dealing by the team’s communications director led to the overdose death of the 27-year-old player. An …

Mavis Tire Supply, a nationwide tire dealer and automotive service provider based in White Plains, New York, entered into a conciliation agreement with the U.S. Equal Employment Opportunity Commission (EEOC) to resolve a religious discrimination and retaliation charge, the federal …

The New York Times asked a judge to once again dismiss President Donald Trump’s $15 billion defamation lawsuit, arguing the complaint is based on “implausible allegations” that cannot overcome First Amendment protections. The suit fails to explain exactly how dozens …

Insurance broker NFP, an Aon company, announced the acquisition of Hamilton Insurance Agency, a property/casualty broker and benefits administration provider in Fairfax, Virginia. Hamilton has been a leader in the insurance market for the senior housing and long-term care sector. …

The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not …

Georgia Insurance Commissioner John King announced more auto insurance rate reductions for motorists in the state—the second announcement in as many months. King credited tort-reform laws and stepped-up efforts to combat insurance fraud. “As we continue the OCI mission to …

Confie announced the acquisition of TGS Insurance Agency, Inc., a Houston, Texas-based standard personal lines insurance agency. The acquisition advances Confie’s strategy to scale InsureOne into a leading national platform serving standard personal lines and small commercial customers. Founded in …

Xcel Energy is preparing customers in the Rocky Mountain region for preemptive blackouts to help reduce the risk of wildfires as strong, dry winds threaten to knock down power lines. The utility said it would likely shut off power starting …

World Insurance Associates LLC acquired the business of SilverLeaf Insurance Group in Scottsdale, Arizona. SilverLeaf was established in 2009. It offers business, health, life and personal insurance lines to clients in multiple states across the nation. World Insurance Associates is …

Despite the backlash against diversity, equity and inclusion policies in the US, employee groups built around shared identities or interests have largely held up. The number of Fortune 50 companies that publicly disclose so-called employee resource groups, or ERGs, was …

Trucordia, a U.S. insurance brokerage, today announced its acquisition of Global Financial & Insurance Services, an insurance and financial services business based in Irving, Texas. The business has a presence in Dallas, Fort Worth, Houston and Los Angeles and serves …

Mortgagees required to purchase flood insurance can utilize private flood policies, under federal rules that took effect in 2019. But if they go that route, the property owners risk losing lower, grandfathered premiums if they ever return to the National …

AIG Appoints Clifford From Everest as CEO, International Commercial Insurance American International Group (AIG) announced that Adam Clifford has been appointed chief executive officer, International Commercial Insurance, effective January 5, 2026. In this role, Clifford will lead AIG’s International Commercial …

Italy’s Leonardo has denied liability for the 2018 helicopter crash which killed Thai businessman Vichai Srivaddhanaprabha, saying in its defense to a lawsuit that its AW169 model is safe. The family of Srivaddhanaprabha, who founded duty-free retailer King Power and …

A long-running family feud for control of the $8 billion-a-year Market Basket grocery chain in New England is about to take center stage at a trial to determine whether the former chief executive officer was improperly ousted by his three …

Insured losses from natural catastrophes will surpass US$100 billion mark in 2025 for the sixth consecutive year – driven mainly by January’s record Los Angeles wildfires as well as severe convective storms (SCS) in the US, according to a report …