Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks. The lawsuit filed late Thursday in the U.S. District Court …
London has retained the mantle as the world’s top financial center, though uncertainty about the implications of Britain’s vote to leave the European Union saw its lead over Asian rivals narrow, according to a study. New York held on to …
Belize SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is providing US$100,000 to the government of Belize to purchase 40-50 automatic weather stations that will provide the Meteorological Service of Belize with access to real-time rainfall data. The weather stations …
London-based broker THB, CNA Hardy and cyber security specialist Waterfall Security Solutions have entered into a partnership to provide a cyber security protection package for industrial businesses globally. The package, distributed exclusively through THB, includes CNA Hardy’s cyber technology and …
People’s Bank of China Governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will involve negotiations over how other nations treat Chinese investors. Areas of potential liberalization include banking, insurance, investment …
Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of China. China’s second-largest insurer will put money with private equity funds that invest in sectors including …
Great American Insurance Group has promoted Jane Kornesczuk to divisional president of its Executive Liability Division. The division is based in Schaumburg, Ill. Kornesczuk joined Great American in 1990 as a senior underwriter. She was named chief underwriting officer of …
Members of a Kansas House committee are pushing to ramp up oversight of temporary and permanent amusement park rides after a lawmaker’s son was killed on a waterslide last year, but the bill that would allow it to happen could …
The Oklahoma Senate has unanimously passed legislation to change how first-time driving under the influence (DUI) offenses are handled in Oklahoma. Senate Bill 643, also known as the Impaired Driver Elimination Act 2 (IDEA2), is strongly supported by Mothers Against …
Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under construction and spread to about two dozen homes estimate the blaze caused between $23 million and $25 million in damage. The Kansas City Star reports …
