Direct Line Insurance Group Plc sold its German and Italian businesses to Spain’s Mapfre SA for €550 million ($700 million) as the company pares back its international operations to cut costs and pay a dividend. The U.K.’s biggest home and …
A “new normal” has created the need for the catastrophe modeling to move from historic to predictive methods of looking at extreme weather risk, according to a panel of risk experts speaking Tuesday at the annual Chartered Property Casualty Underwriter …
Wells Fargo & Co., the largest bank on the U.S. West Coast, hired Alejandra Evans as senior vice president for risk management and international business at its insurance operation. Evans joins from Aon Plc, where she was managing director in …
A U.S. judge has sided with members of the 1960s band the Turtles in their dispute with Sirius XM Holdings Inc., ruling the satellite radio provider infringed on copyrights by airing their pre-1972 songs without paying royalties. U.S. District Court …
BPlc can’t recover hundreds of millions of dollars it claims to have overpaid some victims for economic losses from the 2010 Gulf of Mexico oil spill, a U.S. judge said. After the court revised the method for calculating such damages, …
Deere & Co., the world’s largest maker of agricultural equipment, hired Citigroup Inc. to look at strategic options for its crop insurance unit as it sells assets to focus on core businesses such as manufacturing. No formal decision has been …
A supporter of a lawsuit against the oil industry was re-nominated to a seat on a south Louisiana flood control board, despite Gov. Bobby Jindal’s vehement opposition to the lawsuit. The nominating committee for the Southeast Louisiana Flood Protection Authority-East …
A Vermont town is going to repay $33,000 it received from the Federal Emergency Management Agency for helping repair damage from flooding in 2011. Assistant town manager Dave Ormiston told the St. Johnsbury select board FEMA’s request to get the …
Michigan law enforcement agencies stopped nearly 15,000 vehicles and arrested 169 suspected drunken drivers as part of a late-summer crackdown. The state announced that officers from 150 local police departments, sheriff’s offices and Michigan State Police posts also issued more …
The unrest in Ferguson, Mo., that followed the Aug. 9 shooting death of Michael Brown by a police officer has cost St. Louis County more than $4 million. The county’s chief operating officer, Garry Earls, told KMOV-TV that $2.6 million …
