The parent company of one of Florida’s largest home insurers has entered into a non-binding deal to purchase another state-based insurer in a move that could affect 21,500 state policyholders. HCI Group Inc. announced it will acquire Prepared Holdings LLC …
There are currently more than 23 million licensed drivers aged 70 and older and as baby boomers soon begin turning 70, the number of seniors on the road will rise steadily over the next two decades. The majority of senior …
To corral a surge in incidents of reckless, recreational drone use, the U.S. government barred flights of small unmanned aircraft near airports and crowds. People who want to fly drones as hobbyists should take lessons on safe operation and keep …
For the West Virginia company that sullied 300,000 people’s drinking water to start the year, slip-ups like not reading emails and leaving the company chemical headquarters unattended have produced problems for months. Contractor troubles, miscalculations and missteps have kept state …
Peak Reinsurance Co. Limited, the Hong Kong based reinsurer, has appointed Kathleen Koh as senior vice president to underwrite credit and surety business. Koh will be responsible for developing and growing Peak Re’s credit book in Asia Pacific. As a …
Shaken by a fraud investigation into metal financing in the world’s seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China’s sprawling warehouse sector. The probe at Qingdao port centers …
Private equity firm Carlyle Group LP said on Monday it had raised $1 billion for its second fund focused on buying and selling financial institutions such as wealth managers and insurance firms, almost three years after it began fundraising. While …
MS&AD Insurance Group Holdings Inc., Japan’s largest non-life insurer, will seek acquisitions in Southeast Asia to expand its overseas business, said President and Chief Executive Officer Yasuyoshi Karasawa. “Asia continues to be the most important area for us,” Karasawa, 63, …
The arsonist who killed Ji Yun Lee was especially cruel and calculating, dousing her small cabin in Pennsylvania’s Pocono Mountains with more than 60 gallons (230 liters) of gasoline and heating fuel and setting at least eight fires, ending at …
U.S. Treasury Secretary Jacob J. Lew pushed back against Republican efforts to curtail the work of a council of regulators charged with preventing another financial crisis and said a failure to examine potential risks could lead to “large-scale problems.” “If …
