Fatal Accident Halts Production at Hyundai’s S. Korean Factory After Refit for New EV January 4, 2021 SEOUL – Production at Hyundai Motor’s factory in Ulsan, South Korea, was halted on Monday after a worker died in...
Brazil Petrochemical Company Braskem Settles Lawsuits over Sinking City for $1.75B January 4, 2021 BRASILIA – Brazilian petrochemical company Braskem SA said on Wednesday it reached a 9.1 billion reais ($1.75 billion) deal to...
Aviation Reinsurance Rates Rise by as Much as 250% in January Renewals: Willis Re January 4, 2021 By Carolyn Cohn Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in...
Premia Holdings Expands Reinsurance Capacity with Formation of Elevation Re January 4, 2021 Premia Holdings Ltd. announced the formation of Elevation Re (SPC) Ltd., a sidecar vehicle which will provide collateralized reinsurance support...
Global Aviation Deaths Rose in 2020, Although Number of Crashes Fell January 4, 2021 By David Shepardson The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number...
Generali to Purchase AXA’s Greek Operations for $203 Million January 4, 2021 By Sonia Sirletti Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to...
Alphabet’s Wing Aviation Warns Proposed Drone ID Rules Invite Privacy Issues January 4, 2021 By David Shepardson Alphabet Inc.’s drone delivery unit Wing criticized Trump administration rules issued this week mandating broadcast-based remote identification of drones, saying...
Daimler to Pay $30M Penalty to End Delayed Truck Safety Recall Probe January 4, 2021 By David Shepardson Daimler AG’s North American truck unit on Thursday agreed to a $30 million U.S. civil penalty to resolve an investigation...
Drugmakers Plan to Raise Prices in New Year: Reuters, 3 Axis Advisors January 4, 2021 By Michael Erman and Carl O'Donnell Drugmakers including Pfizer Inc., Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in...
Newly Appointed Florida Deputy CFO to Focus on Insurance Fraud January 4, 2021 Former Secretary of the Florida Department of Corrections Julie Jones has been appointed Deputy Chief Financial Officer within the Office...