Patricia Wells

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

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 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

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

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

A Japanese company has put a stop to building a $1.6 billion battery factory in South Carolina. The company, AESC, is pausing construction due to uncertainty in policies and the market. This factory was meant to supply batteries for electric vehicles made by BMW. AESC did not go into detail about the specific issues, but … Read more

Walmart is expanding its drone delivery service to five new cities as part of its effort to boost online sales and provide faster service to customers. The world’s largest retailer will roll out drone deliveries at 100 stores in Charlotte, North Carolina; Tampa, Florida; Atlanta; Houston; and Orlando. This move builds on its existing drone … Read more

Insurance Journal has announced an extended deadline for its Top 100 Agencies and Top Agency Partnerships ranking. Agencies now have until June 10 to submit their entries for the 2025 rankings. This is a great opportunity for independent property and casualty insurance agencies to gain recognition in their communities. There are four categories for agencies … Read more

R & G Endeavors, Inc., which operates Culver’s Restaurants in Cottage Grove, Minnesota, will pay $261,000 to settle two lawsuits filed by the U.S. Equal Employment Opportunity Commission (EEOC). These cases involve serious allegations of harassment and discrimination based on race, sex, sexual orientation, and disability. According to the EEOC, several employees faced a hostile … Read more