Volkswagen AG has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States as the German automaker on Tuesday took new steps to put its emissions cheating scandal behind …
The families of three men killed at Orlando’s Pulse gay nightclub have sued Twitter Inc., Alphabet Inc.’s Google and Facebook Inc. in federal court, accusing the companies of providing “material support” to the self-radicalized gunman. The gunman, 29-year-old Omar Mateen, …
Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Peter Holland as claims director to lead the agency’s claims function. A qualified solicitor, Holland has 26 years of re/insurance experience …
Zhongan Online P&C Insurance Co. scrapped plans for an initial public offering in Hong Kong or the U.S. and is instead focusing on a listing in mainland China, people familiar with the matter said. Lukewarm overseas interest and an attempt …
Canada is moving to ban all products containing asbestos by 2018. The comprehensive ban will include construction materials and brake pads that currently use the cancer-causing agent. Canada closed its last asbestos mines a decade ago, but had obstructed international …
Europe’s pensions and insurers, seeking returns in infrastructure deals after asset purchases by the European Central Bank gutted yields on bonds, say they’re being crowded out again. Their frustration is directed at the European Investment Bank, a public lender tasked …
German investigators intensified their search for the perpetrator of a deadly truck assault on a Christmas market in Berlin after an initial suspect was released, deepening the fear and uncertainty over what Chancellor Angela Merkel called a terrorist act. The …
XL Catlin’s has launched Active Assailant, Loss of Attraction and Threat (ALT) insurance coverage to respond to the impact of terrorism or an active assailant attack or the threat of an attack on the operations of businesses and public service …
Chicago-based CNA has appointed Emma Riza to vice president, Corporate Development. In this role, Riza will be responsible for a number of functions, including enterprise-level strategy, financial reporting to the board of directors and executive management, capital & rating agency …
A spike in serious black-lung cases in eastern Kentucky indicates that a disease lawmakers hoped to eradicate decades ago continues to afflict miners. Citing a National Institute for Occupational Safety and Health report released Dec. 15, the Lexington Herald-Leader says …
