Zurich Insurance Group AG has emerged as the front-runner to buy a majority stake in the Malaysian insurance business of US insurer MetLife Inc. and Kuala Lumpur-listed AMMB Holdings Bhd., according to people with knowledge of the matter. A deal …
China’s Sunshine Insurance Group Co. declined in its trading debut after Hong Kong’s fourth-largest deal this year, potentially the last big listing in the Asian hub before the end of 2022. Shares of the Beijing-based firm dropped as much as …
Cybersecurity concerns will likely remain a focus for startup founders in 2023, according to the recent Embroker Cyber Risk Index: Startup Edition. The report said startup founders cited cybersecurity protections as one of their three non-negotiable areas of investment for …
North Carolina insurance executive and reported billionaire Greg Lindberg, now awaiting a second trial on bribery charges, says he has a buyer for his troubled insurance companies. But state regulators point out that liquidation proceedings have already begun. As of …
A year ago Saturday, one of the most powerful tornadoes to hit the United States ripped through western Kentucky with 190-mph winds, destroying multiple homes, businesses, a candle factory, churches, a county courthouse and a city hall — along with …
TOMS RIVER, N.J. (AP) — The German chemical company BASF will restore damaged natural resources at a notorious Superfund site where decades or pollution and illegal dumping caused vast contamination of the environment, New Jersey officials said Monday. The state …
GAITHERSBURG, Md. (AP) — A small plane that crashed into a Maryland electricity transmission tower last month was flying below minimum altitudes while approaching an airport in foggy nighttime conditions, according to a preliminary report on the crash. The pilot …
Francis Okyere, 70, a previously licensed insurance agent in Westlake Village, California, was sentenced this week after pleading no contest to 17 felony counts of identity theft and grand theft by false pretenses. A California Department of Insurance investigation reportedly …
California’s public self-insured workforce rose less than 1% in the 12 months ending June 30, but the total number of public self-insured work injuries and illness claims reported to the state jumped 35%, as the medical-only claim count rose 29.9% …
Producers of a Broadway play based on the life of pop star Tina Turner, which was shut down because of COVID-19, may pursue its business-interruption claim despite a communicable disease exclusion in the policy, a New York appellate court ruled. …
