Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2 billion-$5.6 billion), the majority of which are expected in Germany, UK, and the Netherlands, according to Verisk Extreme Event Solutions …
Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region for vessels still willing to sail after Russia’s invasion of Ukraine. Ship owners pay annual …
A swath of major American businesses — from major banks to utility companies — is preparing for possible cyberattacks against their computer networks as Russia on Thursday threatened “consequences” for nations that interfere with its invasion of Ukraine. Their concerns, …
A three-week long protest in Canada against pandemic measures that snarled trade and shuttered Ottawa’s core likely cost billions in trade delays, tens of millions in lost sales for businesses, and left behind a hefty policing and clean-up tab. Hundreds …
The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to finalize a proposed $26 billion settlement resolving claims by states and local governments that they helped fuel the U.S. opioid epidemic. Distributors McKesson Corp., AmerisourceBergen Corp., …
Maine’s Senate voted Wednesday to advance a proposed amendment to the state Constitution that would prohibit discrimination based on gender, although it will require further votes. The 22-12 vote keeps the proposal moving but fell short of a two-thirds majority …
A Manhattan judge said Wednesday that lawyers for Former Alaska Gov. Sarah Palin are seeking a new trial on her defamation claims against The New York Times, along with his removal from the case. U.S. District Judge Jed S. Rakoff …
W. R. Berkley Corp. announced it has agreed to sell a London real estate investment consisting of an office building at 52 Lime Street (also known as “The Scalpel”) for £718 million ($964.1 million), subject to agreed upon adjustments. The …
Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion, while UPS and FedEx Corp. suspended services in and out of the country. Ukraine closed its airspace as Russian forces …
The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the conflict zone as airlines, lessors and manufacturers face up to growing risks of doing business with Russia. Alaska’s Anchorage Airport, …
