May 8, 2024
Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Australia’s PSC Insurance Group Ltd., in a deal valued at A$2.3 billion (US$1.5 billion). PSC is a diversified insurance services group that operates brokerage businesses and …
May 8, 2024
CHICAGO (AP) — Child sexual abuse at Illinois juvenile detention centers was pervasive and systemic for decades, according to disturbing accounts in a lawsuit filed Monday by 95 men and women housed at the youth centers as children. The lawsuit …
May 8, 2024
Pfizer Inc. has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac heartburn drug, according to people familiar with the deal, the biggest of the litigation. The agreements cover cases in state …
May 8, 2024
South Carolina Gov. Henry McMaster has requested a presidential disaster declaration to assist in recovery after wind and hail damaged homes the northern part of the state on April 20. “I have determined that the situation and survivor recovery needs …
May 8, 2024
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking …
May 8, 2024
International General Insurance Holdings Ltd. announced it will begin trading for the first time at Lloyd’s on May 9, 2024, demonstrating the company’s long-term commitment to the London market. Located in the Lloyd’s underwriting room at One Lime Street, IGI …
May 8, 2024
Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU), which are required to comply with the forthcoming Markets in Crypto-Assets Regulation …
May 8, 2024
Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had …
May 8, 2024
Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 …
May 8, 2024
Typhoon activity in the Northwest Pacific region is expected to be about 20% below normal this year, forecaster Tropical Storm Risk said in its first outlook of the season. The London-based group said it expects 15 typhoons, seven of which …