Melvin Appointed President and CEO, BMS Re, US BMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS Re, U.S., effective November. Melvin will lead …
The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …
A U.S. regulator said on Monday it is proposing a requirement that some future vehicles be redesigned to reduce the risks of serious or fatal injuries in crashes involving pedestrians amid a rise in such deaths. The National Highway Traffic …
A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums. Emmanuel Torres Cruz, 34, was arrested …
The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out on $1.2 million in fire insurance claims payments to repair the property. RL New Brunswick Owner LLC, …
The famed Cyclone roller coaster in New York City’s Coney Island has reopened two weeks after a mechanical problem forced a mid-ride stop and people had to be helped off the attraction. The 97-year-old wooden roller coaster at Luna Park …
For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of Exxon Mobil Corp., the largest US producer of oil and gas, is in no small part explained by an acronym: …
Baltimore Mayor Brandon M. Scott announced yesterday that one week before a trial is to begin, the city reached an $80 million settlement with Teva Pharmaceuticals to resolve the city’s claims over the firm’s role in fueling Baltimore’s opioid epidemic. …
Hinano Rodrigues remembers being 4 or 5 years old, carrying a bucket across a highway to the ocean in the Maui community where he still lives. At dawn, he would accompany his grandmother to a reef at low tide, where …
Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world funnel funds to gamblers at its flagship Las Vegas Strip property. The publicly traded …
