A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of Financial Services (DFS) regarding DFS’ final regulation against discriminatory auto insurance rates. Progressive has informed Financial Services Superintendent Maria T. …
The family of one of the victims of a deadly New York City helicopter crash has added several new defendants to its lawsuit following the National Transportation Safety Board’s preliminary report. The amended complaint filed Wednesday claims Airbus Helicopters and …
Federal officials have cited a New Jersey firm for a fatal construction accident that killed a former heavyweight boxing champ who was defeated by Larry Holmes. The Occupational Safety and Health Administration has proposed fines of more than $151,000 against …
Ukraine’s largest bank, PrivatBank, said on Monday [April 1] it had filed a $3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of the lender in 2013-2015. It is the …
KeyBank has entered into a definitive agreement to sell Key Insurance & Benefits Services Inc. to USI Insurance Services (USI). KeyBank acquired Key Insurance & Benefits Services Inc. as part of its 2016 merger with First Niagara Financial Group. Key …
The U.S. National Transportation Safety Board said on Sunday it was “unhappy” that electric car maker Tesla Inc made public information about the crash of its Model X vehicle on Autopilot that killed the driver last month. The agency “needs …
A federal judge on Thursday dismissed Exxon Mobil Corp.’s lawsuit seeking to stop New York and Massachusetts from probing whether the oil and gas company covered up its knowledge about climate change and lied to investors and the public about …
China’s new banking and insurance regulator said on Thursday [March 29] it will deepen the reform and opening up of the banking and insurance systems and will crack down on financial risk. In a statement, the regulator also said it …
Aspen Insurance Holdings Ltd. announced that Brian Boornazian has decided to retire as chairman of its reinsurance segment, Aspen Re, and as chief executive officer of Aspen Re, Americas, with effect from the end of April. “I would like to …
Chinese prosecutors said Wu Xiaohui, the former chairman of Anbang Insurance Group Co., doesn’t deserve leniency as the one-day hearing of a fundraising fraud and embezzlement case against him wrapped up. Wu didn’t make confessions that could justify reduced penalties, …
