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Nestle has fired its CEO Laurent Freixe after just one year in the job after an investigation into an undisclosed “romantic relationship,” ousting its second CEO in a year and throwing the Swiss food giant into its deepest leadership chaos …

White Mountains Insurance Group said today that its Board of Directors unanimously promoted Liam Caffrey as chief executive officer, effective January 1, 2026. Caffrey will succeed CEO Manning Rountree, who will retire at the end of the year. Caffrey currently …

Willis, a business of WTW, has launched the first specialty bloodstock insurance solution with Equine MediRecord to make the purchasing of bloodstock insurance more accessible and efficient for horse owners and trainers in the UK. Willis have signed a deal …

The car company run by Elon Musk asked a federal court Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing up the billionaire during the trial. …

Gov. Matt Meyer vetoed a bill last Thursday that would have loosened regulations around where marijuana businesses can locate in Delaware, likely further delaying the growth of the weeks-old industry. But the governor also offered a competing proposal on such …

Hackers on Friday broke into Sinqia, a financial technology provider owned by Evertec, attempting to steal around 420 million reais ($77.4 million) from several Brazilian financial institutions including HSBC Holdings Plc’s local operations, O Globo reported. Cyber criminals invaded Sinqia’s …

Homeland Security Secretary Kristi Noem announced that she fired two dozen employees from the Federal Emergency Management Agency after a review determined significant flaws had allowed a hacker to access to FEMA’s network. The employees “brazenly neglected basic security protocols,” …

New Jersey’s governor is asking federal officials to impose restrictions on nonessential helicopter flights in his state after a New York City sightseeing helicopter broke apart in midair in April, killing six people. Gov. Phil Murphy, in an Aug. 18 …

WhatsApp said Aug. 29 it discovered an advanced cyberespionage effort that took advantage of a chain of security vulnerabilities in the app and Apple devices to hack them. A researcher with Amnesty International said unidentified members of civic groups appeared …

The number of products recalled across the U.S. in the second quarter fell 31.5% from 125.37 million units in the first quarter to 85.87 million in Q2, a new report shows. This level marked the lowest quarterly total since the …

A divided U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal, undercutting the Republican president’s use of the levies as a key international economic policy tool. The court allowed the tariffs to remain in place …

A Florida appeals court has put another nail in the idea that the state’s limits on attorney fees can be applied retroactively to policies issued before the landmark legislative changes were enacted in 2022 and 2023, despite arguments to the …

Players Health, a Minneapolis-based provider of athlete safety and insurance solutions, is committing 1% of its revenue to directly fund programs, equipment, and support for underserved youth through the Players Health Foundation. Launched in 2022, the foundation provides financial and …

Hurricane Katrina claimed hundreds of lives, destroyed homes and changed how emergency response is dealt with forever. In this episode of “The Story Behind the AP Story,” retired Associated Press journalist Chevel Johnson Rodrigue recalls the eerie calm before the …

A Pennsylvania woman has been sentenced up to three years in prison for intentionally setting fire to her rented home in 2023 as a part of a scheme to collect an insurance payout. According to Pennsylvania Attorney General Dave Sunday, …

Eight months after the Palisades and Eaton wildfires in Los Angeles, commercial and residential policyholders continue to report unreasonably long delays, dubious denials, and conspicuously low settlements. Most prominently, the California FAIR Plan has continued to deny or narrow smoke …

A Kansas woman has been sentenced to 12 months of probation for insurance fraud. Kenna Robinson, 50, pleaded guilty in the Douglas County District Court to one felony count of insurance fraud. Robinson involved multiple persons reporting false information during …

Bain Capital, the private investment firm, announced it has signed a definitive agreement to acquire Jensten Group, the UK-based commercial insurance distribution platform, from Livingbridge, a UK mid-market private equity investor. The investment is being made by the dedicated insurance …

Uber Technologies Inc. and Lyft Inc. agreed to back a state-supervised way for California drivers to unionize and collectively bargain on industry-wide pay and benefit guarantees, under a new legislative deal that provides the companies relief on insurance costs. Legislative …

France and Germany on Friday defended Europe’s right to adopt its own legislation on technology after U.S. President Donald Trump criticized European rules on digital services, saying any U.S. coercion would be met with retaliation. Trump on Monday threatened to …