T-Mobile will pay $200 million to settle FCC investigation into Sprint’s Lifeline abuse

T-Mobile on Wednesday agreed to pay a $200 million fine to settle an investigation by the Federal Communications Commission (FCC) into Sprint’s compliance with the Lifeline program for low-income consumers. The FCC said the $200 million penalty is the largest fixed-amount settlement it has ever received to resolve an investigation. In September 2019, the FCC […]

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Allstate Corp CEO eyes climate insurance plan under potential Biden win

Allstate Corp ALL.N wants a potential Democratic administration to back a taxpayer-funded program that would pay for losses caused by the largest climate-change fueled natural disasters, the Illinois-based insurer’s chief executive said. Democratic presidential challenger Joe Biden was leading Republican incumbent President Donald Trump in electoral college votes on Wednesday evening, as the ballot count […]

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