AXIS Capital Holdings announced that Albert A. Benchimol will step down from his role as president and chief executive officer on May 4, 2023. He will continue with AXIS as a strategic advisor and retire at the end of 2023. …
The U.S. Environmental Protection Agency on Tuesday finalized new emissions standards to drastically cut smog- and soot-forming emissions from heavy-duty trucks, the first of a series of actions planned to cut vehicle pollution. The new standards, the first update to …
Exxon Mobil Corp., is avoiding hiring oil tankers that previously carried cargoes from Russia, putting itself in the same camp as Shell Plc with a move that pressures owners to choose whether to serve Moscow’s interests or not. The largest …
AMSTERDAM — Dutch health technology company Philips said on Wednesday independent tests on its respiratory devices involved in a major global recall had shown limited health risks. The company rocked investors last year by recalling millions of breathing devices and …
Actors Johnny Depp and Amber Heard have settled their defamation lawsuits following a high-profile trial earlier this year in which the former couple accused each other of physical and verbal abuse. Heard announced the settlement Monday on social media. Both …
When it comes to predicting disasters brought on by extreme events (think earthquakes, pandemics or “rogue waves” that could destroy coastal structures), computational modeling faces an almost insurmountable challenge: Statistically speaking, these events are so rare that there’s just not …
The U.S. Consumer Financial Protection Bureau hit Wells Fargo & Co. with the watchdog’s largest ever civil penalty on Tuesday as part of a $3.7 billion agreement to settle charges over widespread mismanagement of car loans, mortgages and bank accounts. …
Cincinnati Insurance Co. dodged a $4.6 million judgment last week when the Kentucky Supreme Court found that a trial judge should have preempted a jury and granted a directed verdict in a bad-faith claim. If the injured third-party plaintiff failed …
Hilb Acquires Georgia’s Gillman Insurance The Hilb Group has acquired Georgia-based Gillman Insurance Problem Solvers, expanding Hilb’s already expanding Southeast presence. Headquartered in Alpharetta, Gillman has served the Atlanta area since 1993. Its affiliates, APA Insurance Services and 3G Truckin …
The U.S. Department of Commerce’s disaster declaration for certain salmon and crab fisheries in Washington and Alaska opens the door for financial relief as part of an omnibus spending bill being negotiated by U.S. lawmakers. The declaration covers Bristol Bay …
