KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for about 18 billion rupees ($237 million), according to people familiar with the matter, as the Indian financial group embarks on …
An Arctic temperature record of more than 100 Fahrenheit (38 Celsius) was reached in a Siberian town last year during a prolonged heatwave that caused widespread alarm about the intensity of global warming, a U.N. agency confirmed on Tuesday. Verkhoyansk, …
Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the sector to go fully green. Last month countries including the United …
Italy’s biggest insurer Generali said it would stick to bold earnings goals for 2024, hike dividends and launch its first buyback in 15 years as Chief Executive Philippe Donnet’s bid to stay on faces opposition from two billionaire investors. Donnet’s …
A wildfire that forced evacuations in rural southwestern Oklahoma last week destroyed five homes, 14 barns and nine vehicles, officials said Monday. Three of the burned homes were unoccupied, said Comanche County Emergency Management spokeswoman Amy Hawkins. The fire, which …
The Kansas Insurance Department announced the state has received accreditation from the National Association of Insurance Commissioners for the next five years. The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators …
If attorneys are concerned about opposing counsel texting a witness during a remote, virtual deposition, there are some remedies for that, at least in some circumstances. While some claimants’ attorneys have experienced and suspected the “remote coaching” problem, insurance attorneys …
Arthur J. Gallagher & Co. acquired Reno, Nevada-based Richied & Associates Inc. in Nevada. Paul Richied, Tera Hodges, Cindy Fleischer and their associates will remain in their current locations under the direction of Scott Firestone, head of Gallagher’s Southwest region …
The legal wrangling between USA Gymnastics and the hundreds of victims of sexual abuse by former national team doctor Larry Nassar, among others, is over after a $380 million settlement was reached. The fight for substantive change within the sport’s …
An analysis shows that in the midst of the pandemic, the total number of job injury claims reported by California public self-insured employers edged down slightly last year, but a growing number of lost-time claims and rising claim severity fueled …
