Tokio Marine Holdings Inc. is considering a sale of its life insurance business in Southeast Asia that could be valued at about $1 billion in a deal, according to people familiar with the matter, as the Japanese insurer looks to …
Following the closure of Silicon Valley Bank (SVB), VC-backed startups were increasingly looking for stronger protection in case their assets were compromised — specifically liability policies covering company executives, according to digital business insurance platform Embroker. The company analyzed real-time …
Marsh McLennan Companies Inc. reports “a strong start” to 2023, generating 9% underlying revenue growth in the first quarter on top of 10% growth in the first quarter of last year, according to John Doyle, president and chief executive officer. …
A minor magnitude 3.6 earthquake shook parts of upstate New York on Sunday afternoon. There were no immediate reports of significant damage. The U.S. Geological Survey reported that the earthquake struck at 2:10 p.m. with an epicenter about 10 miles …
The Confederation of British Industry may not survive a scandal triggered by rape claims among staff, its president said, as he acknowledged that the business group had failed to dismiss “abhorrent” employees who’d harmed their colleagues. Brian McBride wrote an …
A Brazilian reinsurer entered a non-prosecution agreement and will pay $5 million to resolve a U.S. probe into a false story that the company had received a significant investment from billionaire Warren Buffett’s Berkshire Hathaway Inc. The U.S. Department of …
When the U.S. Supreme Court decides in the coming months whether to weaken a powerful shield protecting internet companies, the ruling also could have implications for rapidly developing technologies like artificial intelligence chatbot ChatGPT. The justices are due to rule …
Cancer victims on Monday urged a U.S. judge to dismiss a Johnson & Johnson subsidiary’s second bankruptcy filing, saying that the company is abusing the bankruptcy system in its renewed attempt to resolve tens of thousands of lawsuits alleging that …
A laborer in Asheville, North Carolina, working at a hotel construction site, fell through a four-story air conditioning shaft in 2018, leaving him paralyzed and in need of regular care. Four years later, the 34-year-old has settled his civil suit …
Leane Rafalko, who spent eight years with the North Carolina Department of Insurance as chief captive analyst, has been named director of captive management for Knoxville-based CIC Services. After leaving DOI, Rafalko joined Hylant Global Captive Solutions as senior captive …
