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People Moves: Andersen to Lead Nationwide Agribusiness Distribution; Ascot Names Eppers Group Chief Investment Officer; Baron Joins Zurich as US Head of Energy
Andersen named leader of Nationwide Agribusiness Distribution and Underwriting Nationwide named Nick Andersen as the new leader of agribusiness distribution and underwriting, following Dirk Pollitt’s retirement. Effective July 1, Andersen will lead Nationwide’s farm, ranch and commercial agribusiness sales and …
POSTED JUNE 11, 2026 5:40 AM |
US Derivatives Regulator Maps Out Rules for Soaring Prediction Market Industry
The top U.S. derivatives regulator on Wednesday released new draft regulations governing the burgeoning prediction markets industry, seeking to cement federal oversight over companies that have shot to the forefront of politics and sports betting while presenting new possible avenues …
POSTED JUNE 11, 2026 5:13 AM |
Google and Meta Denied New Trial in Youth Social Media Addiction Case
A state court judge has denied motions by Meta Platforms and Google’s YouTube seeking a new trial after a jury found the companies liable for designing social media platforms that are harmful to young people. Los Angeles Superior Court Judge …
POSTED JUNE 11, 2026 5:05 AM |
Viewpoint: Insurers Seek to Navigate Cost of Capital Hurdles to Better Fund Their Futures
It was an eventful first quarter, with the Iran conflict co-mingling with market concerns over the private credit exposures held by both European banks and insurers. Unsurprisingly, debt issuance has been affected, with March and much of April seeing a …
POSTED JUNE 11, 2026 5:05 AM |
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups
Eli Lilly, one of the world’s largest pharmaceutical makers, has won a federal court order against leaders of a Tennessee church and Florida and Tennessee-based pharmacy groups, after the drugmaker said the participants had crafted a years-long scheme that bilked …
POSTED JUNE 11, 2026 5:01 AM |
xAI Accused of Illegally Firing California Engineer Who Raised Safety Concerns
A former engineer at Elon Musk’s xAI in California who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to …
POSTED JUNE 11, 2026 5:00 AM |
Uber Sues New York City Over ‘Reckless’ Driver Protection Law
Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform. In a complaint filed late on Tuesday night, Uber said …
POSTED JUNE 11, 2026 5:00 AM |
Report: Rising CT Claims Driving Shifts in Comp Costs and Patterns in California
Cumulative trauma claims have risen sharply in recent years and they are driving changes in claim characteristics, costs and claim outcomes, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California’s Emerging Patterns of Cumulative Trauma Claims report …
POSTED JUNE 11, 2026 5:00 AM |
Man Accused of $37 Billion LA Fire Is Innocent, His Lawyer Says
Jonathan Rinderknecht has been wrongly accused of starting the most destructive wildfire in Los Angeles history, his lawyer told a jury. Rinderknecht was watching New Year’s Eve fireworks on a hillside in the Pacific Palisades and called 911 just after …
POSTED JUNE 11, 2026 5:00 AM |
Oil Tankers Go Dark to Sneak More Barrels of Oil Through Hormuz
Off the coast of Oman over the weekend, 16 tankers clustered together to transfer millions of barrels of oil that had been stranded in the Persian Gulf. A month ago, that area had been entirely empty. They’re part of a …
POSTED JUNE 10, 2026 4:47 PM |
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