The cybersecurity company F5 Inc. said nation-state hackers breached its networks, gaining “long-term, persistent access” to certain systems and stealing some source code. The breach prompted alerts from cybersecurity agencies in the U.S. and U.K., with a senior US official …
Illinois sued State Farm Fire and Casualty Insurance Co. to force it to provide information for an investigation into the company’s rapidly rising premiums for homeowners. The state’s insurance regulator alleged that the company has refused to comply with a …
A fatality involving a Xiaomi Corp. SU7 electric sedan has renewed scrutiny of flush car door handles and is likely to reinforce China’s push for tougher safety standards.
Wisconsin Insurance Commissioner Nathan Houdek fined a contractor his office said was acting as a public adjuster under Wisconsin law. Houdek imposed civil forfeitures of $6,000, finding the contractor violated the standards of Wis. Stat. ch. 629 by engaging in …
Credit Suisse on Wednesday lost its $440 million London lawsuit against Japan’s SoftBank Group Corp. over losses linked to collapsed finance firm Greensill Capital. Greensill’s collapse made Credit Suisse close $10 billion of funds linked to the financial firm and, …
Michael Platt’s investment firm BlueCrest Capital Management will pay out $101 million to investors after U.K. regulators said it failed to manage conflicts of interest over an internal investment fund. BlueCrest and the U.K.’s Financial Conduct Authority have been grappling …
A fire on Tuesday at a garment factory in Bangladesh and an adjacent chemical warehouse killed at least 16 people and injured others, and the death toll could rise, an official said. The cause of the blaze wasn’t immediately known, …
Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, which …
AmTrust Specialty named Tony Scott head of claims and head of limited claims. Scott will be responsible for the strategy and execution of AmTrust’s claims operations, overseeing total claims outcomes across the specialty business. He will also lead claims management …
