A grand jury in Alaska this week indicted General Electric’s Baker Hughes, two of its subsidiaries and an employee, for 25 felony charges of assault relating to toxic chemical releases at a construction site, according to authorities. The indictment charges …
Bankrupt California utility giant PG&E Corp. resolved a key battle by agreeing to pay $11 billion to settle insurance claims from wildfires blamed on its equipment. An even bigger struggle looms. The settlement with insurance carriers and investors puts to …
U.K. police dropped an investigation into whether Brexit supporting campaign Leave.EU breached electoral law, saying there was insufficient evidence to justify any further criminal probe. While Leave.EU made some “technical breaches” of the law when it comes to the spending …
Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they hope would make redundant projects like Facebook’s Libra, which is seen as a risk to financial stability, officials said on …
About 62 percent of insurance companies polled said they intend to increase staff in the next 12 months, according to the latest U.S. Insurance Labor Outlook Study conducted by recruitment firm The Jacobson Group and insurance and professional services firm …
Analysis of almost five billion miles of driving data and associated claims in the U.K. shows that Friday is the most likely day for motorists to have a road traffic incident, and when it falls on the 13th of the …
Allianz Global Corporate & Specialty has appointed Parag Bavishi as deputy regional head of the Americas with its Alternative Risk Transfer (ART) division. In this role, Bavishi will lead ART’s structured corporate and integrated business. As vice president of Underwriting …
The Centers for Disease Control and Prevention updated the number of confirmed and probable cases of lung disease associated with e-cigarette product use, or vaping, to 380. As of September 11, cases were reported by 36 states and the U.S. …
Aspen Insurance Holdings Ltd. announced that Clive Edwards has been appointed chief executive officer of Aspen Insurance UK Ltd. (AIUK) and Aspen Managing Agency Ltd. (AMAL), subject to regulatory approval. Edwards succeeds Mike Cain who, as previously announced, has been …
Tropical storm warnings have been declared for the Bahamas, which was just battered by Hurricane Dorian, evidence of strengthening in a system that forecasters say is moving toward Florida or the Gulf of Mexico. The storm is set to drop …
