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Credit Suisse has started a significant lawsuit against Japan’s SoftBank Group, seeking $440 million in damages. The case began on Thursday in London and revolves around losses tied to Greensill Capital, a finance firm that recently collapsed. Lex Greensill, the founder of the now-defunct company, is expected to testify next week. The lawsuit focuses on … Read more

The U.S. Supreme Court has made a significant ruling that could change how workplace discrimination cases are handled, especially for those from majority backgrounds. In a unanimous decision, the Court revived a lawsuit from Marlean Ames, a woman from Ohio who claims she faced discrimination at her job because she is heterosexual. Ames worked for … Read more

Waymo has decided to halt its ride-hailing service in downtown Los Angeles following a series of protests that turned violent. During these protests, several Waymo vehicles were set on fire. The company, which is a part of Alphabet Inc., stated that it does not believe the protests are aimed specifically at them. In response to … Read more

The Red Sea has become a major concern for global trade as tensions rise. Yemen’s Houthi militants have announced plans to intensify attacks on merchant ships, specifically targeting any vessels linked to Israel. This warning comes after the group claimed responsibility for sinking two cargo ships, the Magic Seas and Eternity C, which were Liberian-flagged … Read more

J.C. Flowers & Co. is making waves in Italy’s insurance market with its recent purchase of Caleas Srl, a brokerage firm based in Milan. This acquisition is part of the firm’s ongoing strategy to strengthen its presence in the Italian insurance sector. The deal was completed by investment vehicles linked to J.C. Flowers and marks … Read more

CVS Health Corporation has released its financial results for the second quarter of 2025, showing an increase in revenues but a drop in operating income due to significant litigation costs. The company has also revised its full-year guidance for 2025. For the three months ending June 30, CVS reported total revenues of $36.3 billion, marking … Read more

Cyber incidents in Canada have seen a sharp rise, tripling in just two years, according to a new report from QBE, a commercial insurer. This increase is linked to various factors, including technological changes, socioeconomic issues, and global tensions like the ongoing war in Ukraine. The report reveals a significant jump in disruptive cyberattacks. In … Read more

New Zealand Rugby has announced a new sponsorship deal with Gallagher, a US-based insurance company. This agreement gives Gallagher naming rights on the playing kit of the All Blacks, New Zealand’s famous rugby team. The Gallagher brand will feature on the training and match-day shorts of the All Blacks, the national women’s team known as … Read more

When businesses look at their liability coverage, they often come across two important types of insurance: excess and umbrella policies. While people sometimes use these terms interchangeably, they actually have different roles in protecting a business. Understanding these differences is crucial for business owners to make informed decisions about their coverage. Both excess and umbrella … Read more

AM Best has recently upgraded the ratings for three insurance companies under the Midwest Insurance Group, which includes Midwest Insurance Company, West River Insurance Company, and Brickyard Insurance Company. These companies, based in Illinois, South Dakota, and Indiana respectively, have seen their Financial Strength Rating rise from A- to A, indicating an excellent financial position. … Read more