Chuck Yeager, the retired U.S. Air Force pilot who broke the sound barrier, has sued Airbus SE, accusing the aerospace company of using his name and likeness without permission to promote a new high-speed helicopter. In a complaint filed on …
France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell insurance in the bank’s more than 3,000 branches, the Brazilian state-owned lender said on Thursday. Earlier on Thursday, Reuters reported …
By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to …
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Brit Reinsurance (Bermuda) Ltd. The outlook assigned to these credit ratings is stable. The ratings reflect Brit Re’s balance sheet …
Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping power poles and lifting off roofs. Debris including …
AXA Liabilities Managers announced it has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia (a branch of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Munich). The portfolio transfer will become effective on October 1, 2019. Financial details of the …
Torrent Technologies, a Marsh company, has launched FloodPlus Commercial – a comprehensive private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients. Underwritten by Bermuda-based Hiscox through Johnson & Johnson, Inc., a Mount Pleasant, …
Florida Gov. Ron DeSantis will ask the Legislature to increase fines for local governments that pollute state waters and give the Department of Environmental Protection more power to enforce pollution laws. DeSantis announced his proposal Sept. 11 at the Conservancy …
Many farmers in South Carolina say a growing drought is threatening to devastate their crops right at harvest time and officials said there are plenty of indications the dry weather will spread. A special committee that reviews drought in the …
Police in South Florida say thieves stole up to $80,000 in merchandise from a wig warehouse. The owner of Prime Trading Hair and Wigs told detectives in Miami Gardens that he was notified overnight Tuesday that the alarm at the …
