Aviva Completes Acquisition of Probitas, Re-entering Lloyd’s After More Than 20 Years July 11, 2024 By L.S. Howard UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to...
Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC July 11, 2024 Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe...
Global Reserve Managers Upbeat on Growth but Worry About Geopolitical Risks July 11, 2024 An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who...
Elon Musk Beats $500 Million Severance Lawsuit by Fired Twitter Workers July 11, 2024 By Jonathan Stempel Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands...
Hurricane Beryl Triggers Record Payout for Caribbean Insurer July 11, 2024 By Jim Wyss Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of...
Biden Administration Raises FEMA Bar for Flood Resilience July 11, 2024 By Leslie Kaufman The US Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only...
3 People Killed by Faulty Replacement Air Bag Inflators in Last 9 Months: NHTSA July 11, 2024 By David Shepardson A U.S. auto safety regulator said on Wednesday that three people have been killed and two seriously injured in the...
Vermont Under Flood Watch on Anniversary of Last Year’s Severe Inundations July 11, 2024 By Lisa Rathke A flood watch was declared for much of Vermont on Wednesday — the anniversary of last summer’s severe flooding —...
New Jersey Democratic Power Broker Norcross Pleads Not Guilty to Racketeering July 11, 2024 By Mike Catalini The New Jersey Democratic power broker charged with racketeering by the state attorney general pleaded not guilty Tuesday to charges...
Deaths, Injuries, Billions of Dollars Are Costs of Extreme Heat in California July 11, 2024 By Levi Sumagaysay A blistering California heat wave over the past weeks and through the Fourth of July holiday could be topped off...