Russia has allocated an additional 107.7 billion roubles ($1.23 billion) from its rainy day fund to a state company that has been purchasing aircraft from foreign lessors, the finance ministry said on Wednesday. The ministry said it had purchased bonds …
Testimonies from 40 women across banking, insurance, and asset management in Britain describe diversity and inclusion initiatives as often “tokenistic,” and lacking the “teeth” to make a change in an industry where misogynistic attitudes linger. The summary of a private …
Alliant Insurance Services named Greg Zimmer chief executive officer, taking over for Tom Corbett, who has served as CEO for more than 30 years. The new leadership roles will take effect April 1, 2024. Zimmer joined Alliant in 1998 as …
As we’ve seen for the past several years, severe weather is no longer a seasonal or geographic issue—climate risk has now made these events possible all year long and in every state. The statistics back up this frightening reality. November’s …
Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in …
State Farm Insurance and its subsidiaries owe the state of Florida more than $2.6 million in back taxes and interest after a state appeals court ruled against the insurer on an interpretation of state and federal tax laws. “We disagree …
A California court has dismissed a lawsuit from a group of fishermen against a conservation group that added New England lobster to its list of seafood to avoid. The lawsuit stemmed from a decision by Seafood Watch, which rates the …
An “unspecified problem” with the balloon portion of a hot air balloon may have led to Sunday’s crash in the Arizona desert that left four people dead and another critically injured, federal authorities said. The National Transportation Safety Board said …
Washington state Attorney General Bob Ferguson sued to block the proposed merger of Kroger and Albertsons, two of the nation’s largest grocery chains. In the suit filed in King County Superior Court, Ferguson argued that the $25-billion deal would harm …
New York City housing is often jammed into tight spaces. Old houses are carved into several apartments. Not all of them are legal. Alexi Home Design’s property in the Bronx had two official residences on the main floor and an …
