A stricken Iranian oil tanker continued exploding on Friday, hampering rescue efforts, Chinese state media reported, as Japan’s Coast Guard said the ship drifted away from the Chinese coast and into Japan’s exclusive economic zone (EEZ). The ship, which has …
The Vermont Senate on Wednesday gave final approval to a bill that would allow the recreational use of marijuana, putting the state on course to become the first in the country to legalize pot by an act of the Legislature …
New York City is halting a $9.6 million incentive package offered to Aetna to move its headquarters to the city. The insurance giant announced in June that it would move its headquarters to New York City beginning in late 2018 …
Ford Motor Co. said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp. and urged 2,900 owners in North America to stop driving immediately until they can …
General Motors Co. is seeking U.S. government approval for a fully autonomous car – one without a steering wheel, brake pedal or accelerator pedal – to enter the automaker’s first commercial ride-sharing fleet in 2019, executives said. For passengers who …
CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, has appointed Stuart Middleton as CEO of its Luxembourg subsidiary, subject to regulatory approval. The company set up a subsidiary in Luxembourg as its post-Brexit …
German prosecutors said on Thursday they had launched another probe into Robert Bosch GmbH over its suspected involvement in emissions test cheating – this time in relation to its work with Volkswagen’s premium carmaker Audi. Audi developed the V6 diesel …
The final insured loss estimate for windstorm Egon, which primarily affected France and Germany on Jan. 12-13, 2017, is €275 million (329.7 million), according to PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data. This final and …
Insured losses from winter Storm Eleanor/Burglind, which hit northern Europe on Jan. 3, will range between €1.1 billion ($1.3 billion) and €1.6 billion ($1.9 billion), according to estimates from catastrophe modeling firm AIR Worldwide. The majority of wind-related losses are …
The Fifth Circuit Court of Appeals in New Orleans has reversed the previous findings of its own panel and a lower court, ruling that state, not maritime, law applies in a case involving a worker injury at an oil and …
