Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance carriers it accuses of balking at paying its business interruption costs. …
The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years after it was filed. The pilot, apparently, was not insured, leaving Samantha Sandoval – hit in her car in the …
A federal judge overseeing Pacific Gas & Electric’s criminal probation said Tuesday that he is considering requiring the utility to be more aggressive about turning off its electricity lines near tall trees, a plan that could double the number of …
A former Uber driver in Central California was found guilty of sexually assaulting and stealing from five passengers. Jurors took less than three hours to convict Alfonso Alarcon Nunez of 13 felonies, including three charges of rape, the San Luis …
Global insurer Chubb Ltd. today issued a statement that it is “disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination.” However, the disappointed insurer said it will continue to seek opportunities for acquisitions. Chubb’s …
Lawmakers in Washington are gearing up for the Biden administration’s first major legislative challenge: a set of measures on long-term economic priorities, including infrastructure and jobs, expected to cost roughly $3 trillion. Key to President Joe Biden’s Build Back Better …
CNA Financial Corp.’s financial ratings have not been affected by the insurer’s recent cyber attack. AM Best, S&P Global Ratings and Fitch Ratings all affirmed their current ratings and outlooks for CNA and its subsidiaries and said they believe the …
The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss event for the reinsurance industry, according to Fitch Ratings. This event will reduce global reinsurers’ earnings but should not materially affect …
STOCKHOLM — “I get an email almost every morning from some SPAC seller telling me to do a SPAC with them,” said Johnny Boufarhat, CEO of Hopin, a virtual events platform. “It’s interesting, but it also doesn’t make sense for …
Adventurers in what is perhaps the most lucrative and risky corner of the cryptocurrency world are starting to see a bit of a safety net. In the past year, scores of investors big and small have poured billions into decentralized-finance …
