Mark Carney pledged to shore up financial stability as he warned that the risks from Britain’s shock decision to leave the European Union have started to crystallize. “There is the prospect of a material slowing of the economy,” the Bank …
Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner, the chairman of India’s biggest shipping company said on Tuesday. SCI stopped sailing to Iran in …
A federal jury has awarded more than $27 million to four former Allstate employees who sued the insurer for defamation. The Chicago Tribune reported the employees worked for a now-defunct equity division of the Northbrook, Illinois-based company. According to court …
A federal lawsuit has been filed by five former high school football players and two parents against various employees of a western Ohio school district. The Lima News reported the suit alleges that two coaches at St. Marys Memorial High …
An earthquake has rattled part of north central Oklahoma. The U.S. Geological Survey says a 3.1 magnitude earthquake was recorded at 12:32 p.m. Sunday about five miles northwest of Yale in Payne County. The earthquake was recorded at a depth …
A.M. Besthas affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd.(MIICL) and Lloyd’s Syndicate 3000. The outlook for each of MIICL’s ratings remains stable and the outlook …
Gov. Mary Fallin has asked for a federal disaster declaration in three Oklahoma counties as a result of severe storms and flooding in June. Fallin announced last week that she’s requesting individual assistance for homeowners, renters and business owners in …
A veteran Las Vegas police K-9 officer has been indicted on felony charges alleging he burned his recreational vehicle trailer in January for the insurance money. State Attorney General Adam Laxalt said last week the charges against 36-year-old Jeff Lynn …
The collapse of Utah’s nonprofit insurance cooperative is leaving Utah hospitals with millions in unpaid claims. Arches Mutual Insurance Co. owes $33 million that the Utah Department of Insurance says will likely remain unpaid until 2017, the Salt Lake Tribune …
Forecasters say the threat of wildfires will remain high in Southern California and the Southwest this month because of persistent drought and because summer rains may not be as consistent as usual. The National Interagency Fire Center said last week …
