BRASILIA – Brazilian petrochemical company Braskem SA said on Wednesday it reached a 9.1 billion reais ($1.75 billion) deal to settle lawsuits over cracks and sinking ground near its salt mines in the city of Maceio that requires thousands to …
Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two years ago. …
Premia Holdings Ltd. announced the formation of Elevation Re (SPC) Ltd., a sidecar vehicle which will provide collateralized reinsurance support for Premia’s activities in the global P/C run-off market. This arrangement enables Premia to support run-off reinsurance opportunities with additional …
The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number of crashes fell by more than 50%, a Dutch consulting firm said on Friday. Aviation consulting firm To70 said in …
Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European non-life and health businesses. The Italian company will pay 165 million euros ($203 million) for AXA Greece, …
Alphabet Inc.’s drone delivery unit Wing criticized Trump administration rules issued this week mandating broadcast-based remote identification of drones, saying they should be revised to allow for internet-based tracking. On Monday, the Federal Aviation Administration (FAA) issued rules that will …
Daimler AG’s North American truck unit on Thursday agreed to a $30 million U.S. civil penalty to resolve an investigation of delayed recalls, the second time since late 2019 the German automaker has agreed to settle a probe by U.S. …
Drugmakers including Pfizer Inc., Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United States on Jan. 1, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors. The …
Former Secretary of the Florida Department of Corrections Julie Jones has been appointed Deputy Chief Financial Officer within the Office of Chief Financial Officer, according to a statement from the Florida Department of Financial Services. As Deputy CFO, Jones will …
Corporate board members and company executives have a lot to worry about these says and can be held liable for an increasing range of scenarios. Key risks for directors and officers to watch in 2022 include the increased threat of …
