A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for naturally occurring hydrogen, a fuel that can generate …
A federal bankruptcy judge has approved a Chapter 11 plan for the Roman Catholic Diocese of Rockville Centre, New York that includes a $320 million fund to compensate victims of clergy sexual abuse and settles insurance issues. Judge Martin Glenn …
President Joe Biden’s administration is seeking $98.6 billion in emergency disaster relief funding from Congress to address the devastation from recent back-to-back hurricanes that hammered the US southeast and left billions in damage. The president’s budget chief, Shalanda Young, on …
US auto safety regulators are probing two recent recalls by Ford Motor Co. as the carmaker struggles to contain quality lapses in its vehicles. The National Highway Traffic Safety Administration is investigating an April recall of more than 450,000 Bronco …
Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter. If new rules enable wider deployment of …
A U.S. Senate Judiciary subcommittee overseeing technology issues will hold a hearing Tuesday on Chinese hacking incidents, including a recent incident involving American telecom companies. The hearing to be chaired by Senator Richard Blumenthal will review the threats “Chinese hacking …
Guy Carpenter, the reinsurance specialist and a business of Marsh McLennan, announced it has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-based regional leader in the reinsurance broking and advisory business. Terms …
Ex-Barclays CEO Jes Staley gave misleading answers to Britain’s Financial Conduct Authority about his dealings with Jeffrey Epstein when it was investigating his relationship with the disgraced financier, the FCA’s lawyers alleged on Monday. The FCA said in October 2023 …
AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned to these ratings is stable. AM Best …
The Philadelphia Eagles football organization wants to force its case for Covid-19 business interruption insurance against insurer Factory Mutual Insurance Co. into overtime, arguing that its situation is unlike any other that already has been decided. The Pennsylvania Supreme Court …
