In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce. “This will allow us to become more dynamic, agile, and streamline …
California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace. The California Department of Motor Vehicles` indefinite suspension of …
Markel, the insurance operation within Markel Group Inc., announced a 49% strategic investment in Certa Insurance Partners, the London-based specialist tax MGA. This move will accelerate the UK-based tax specialist’s product development and geographical expansion plans, while giving Markel further …
Oregon prosecutors have charged an off-duty pilot accused of trying to cut the engines on a Horizon Air jet in mid-air with 83 counts of attempted murder. The Multnomah County District Attorney’s Office in Portland filed the charges just before …
Pharmaceutical firm Pfizer Inc. has agreed to pay $2 million to resolve alleged compensation discrimination affecting female employees at the federal contractor’s New York City headquarters. The U.S. Department of Labor (DOL) announced it entered into a conciliation agreement with …
As the world’s digital ecosystem has grown and become more complex, Trent Frazier, deputy assistant director in the stakeholder engagement division at CISA, or the Cybersecurity and Infrastructure Security Agency, said on this episode of The Insuring Cyber Podcast that …
This edition of International People Moves details appointments at Allianz Commercial and Sompo International. A summary of these new hires follows here. Allianz Commercial Taps AIG’s Valencia to Lead Portfolio Solutions Allianz Commercial has appointed Claudia Valencia as global head …
Dozens of U.S. states are suing Meta Platforms and its Instagram unit, accusing them of fueling a youth mental health crisis by making their social media platforms addictive. In a complaint filed on Tuesday, the attorneys general of 33 states …
A manufacturer and a famous horse-racing operation are expanding in Tennessee and Kentucky, bringing millions of dollars in investment, hundreds of new jobs and the potential need for more workers’ compensation, property and liability coverage. In Lexington, Kentucky, Keeneland, the …
Business as usual is rare right now inside the companies that power Israel’s $520 billion economy, as leaders try to keep operations going while offering emotional and other support to workers. The realities of the Israel-Hamas war are upending not …