Category: Insurance Journal

A Delaware judge said former Activision Blizzard officials including Chief Executive Bobby Kotick must face most of a lawsuit alleging they shortchanged shareholders when Microsoft bought the “Call of Duty” game maker for $75.4 billion. Chancellor Kathaleen McCormick of the …

Executives at large organizations are being extorted by a notorious ransomware group, which claims to have stolen data from them via Oracle Corp.’s popular E-Business Suite applications, according to a Google cybersecurity executive and three others familiar with the matter. …

After Paola Freites was allowed into the U.S. in 2024, she and her husband settled in Florida, drawn by warm temperatures, a large Latino community and the ease of finding employment and housing. They were among hundreds of thousands of …

A toxic cloud of chemicals was released from an industrial site near Cocoa Beach last week, but authorities said no one was seriously injured, and the leak has been repaired. Florida Today and other news outlets reported that about 10 …

Florida’s Citizens Property Insurance Corp. is deferring the required proof of flood insurance while the federal government shutdown continues and the National Flood Insurance Program is in limbo. “Citizens will accept applications and defer the required proof of flood coverage …

Federal transportation safety officials told Philadelphia’s mass transit agency this week that it should shelve an aging electric railcar model that is heavily used in its regional rail fleet until it figures out how to stop them from catching fire. …

More and more, big arrays of lithium-ion batteries are being hooked up to electrical grids around the U.S. to store power that can be discharged in times of high demand. But as more energy storage is added, residents in some …

Gov. Greg Abbott reappointed Brett Flagg to the Texas Mutual Insurance Company board of directors. Flagg’s term is set to expire on July 1, 2031. Flagg, of Frisco, is an attorney and the owner of Flagg Law Group PC. in …

President Donald Trump said Friday he has personally reversed $187 million in funding cuts made by his administration for New York’s law enforcement and counterterrorism operations, following bipartisan outcry from New York officials. The Republican announced the restoration of federal …

Paul Singer’s Elliott Investment Management escalated a legal fight with a Texas-based private equity firm it has accused of charging excessive expenses. Stronghold Investment Management is being accused of improperly overcharging expenses to oil and gas-focused private equity funds that …