Insurance

Greystar Real Estate Partners LLC reached a tentative settlement with the Department of Justice in an antitrust lawsuit accusing the landlord of colluding to increase rents across the US, in part, through widely used industry software. As part of the …

Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build and will outcompete rival models. The automaker’s top executive unveiled the new EV …

A Nevada court apparently cleared the way for a 2021 lawsuit filed by former Las Vegas Raiders coach Jon Gruden to proceed against the NFL and Commissioner Roger Goodell, alleging that a “malicious and orchestrated campaign” was used to destroy …

A federal judge has dismissed a lawsuit filed against a Florida apartment complex where a member of the U.S. Air Force was fatally shot by a sheriff’s deputy. The judge said the unnamed apartment employee who called police was not …

Insurtech Superagent AI issued a press release yesterday to announce its goal of starting the first fully autonomous AI insurance agent by the end of the year. “We’re not just reshaping insurance. We’re redefining what it means to be an …

Activist investor 7Square is pushing German insurer Nuernberger Beteiligungs AG to consider rival takeover offers, saying a potential acquisition by Vienna Insurance Group wouldn’t reflect its full value. The life-insurance business and the property/casualty operations of Nuernberger have underperformed for …

Texas-based TWFG Insurance has expanded its national footprint with the acquisition of Angers & Litz Associates, Inc., a personal and commercial lines insurance agency based in Schenectady, New York. Angers & Litz has been family owned and operated since 1963. …

Greek coastguard vessels evacuated tourists and locals, while a volunteer firefighter died in Spain as authorities struggled to quell blazes across the Mediterranean. A wildfire in Volissos forced evacuations from two beaches on the island of Chios, with strong winds …

Israeli software provider Sapiens International said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom. The deal comes …

Typhoon Podul hit Taiwan’s sparsely populated southeast coast on Wednesday packing winds of up to 191 kph (118 mph), as a large swathe of southern and eastern parts of the island shut down and hundreds of flights were canceled. Taiwan …