Amgen Inc. experienced a cyber incident that involved the theft of patient information and proprietary data stored in cloud servers, it said in a filing Friday, the latest large healthcare company to suffer a data breach. The drugmaker is still …
A group of Democratic senators urged the Commodity Futures Trading Commission to rein in prediction market trading on wildfires, expressing concern that individuals could be tempted to commit arson to make their bets pay off. “As the United States faces …
Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in …
Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of cat bonds that include exposure to wildfires has already soared to more than $5 billion so far this year, according …
TikTok is finalizing agreements to settle three upcoming trials related to allegations that its video product is addictive and harmful to minors. Plaintiffs’ attorneys Joseph VanZandt of Beasley Allen and Emily Jeffcott of Morgan & Morgan confirmed TikTok had resolved …
Apple on Monday asked a U.S. judge for a preliminary injunction barring two former employees and OpenAI from accessing, acquiring, using or disclosing alleged confidential information as it moves ahead with its trade secrets case. Apple last month sued OpenAI …
The National Highway Traffic Safety Administration said on Monday that some older Ford cars and SUVs pose unreasonable safety risks because the timing belt may fail and cause them to lose power or engines to seize. The U.S. auto safety …
Goldman Sachs Group Inc. is setting up a reinsurance vehicle with Talcott Financial Group that has so far raised $1 billion. The Bermuda-based sidecar, West Grove Re, will share premiums and losses for a portion of Talcott’s US-based annuities, the …
New Jersey sued Amazon.com on Tuesday, accusing the online retailer of abusing its market power over independent delivery drivers in the state. Amazon used its dominance to impose low pay and poor conditions on thousands of New Jersey workers who …
Michigan health officials on Tuesday reported 11,508 cases linked to a cyclosporiasis outbreak, up by more than 200 from the previous day’s update. The state also reported the first two deaths associated with the outbreak, noting that both individuals had …