Royal Philips NV will face more than 100 U.S. lawsuits gathered in a Pennsylvania court over its recall of more than 3 million devices used to treat sleep apnea that are linked to cancer concerns. Amsterdam-based Philips, maker of respiratory …
FRANKFURT, Germany (AP) – More than 130 countries have forged a deal on sweeping changes in how big global companies are taxed. The goal: deterring multinational companies from stashing profits in countries where they pay little or no taxes – …
Howden, the London-based international insurance broker, announced the acquisition of Oslo-based retail broker Aneco Forsikringsmegling AS. Howden said the acquisition affirms its position as one of the leading non-marine insurance brokers in Norway, providing clients with greater choice and a …
The aftermath of Hurricane Irma has left deep scars in the tiny island nations that were in the path of the Category Five storm just before it slammed into Florida. The toll in Antigua and Barbuda added up to more …
HONG KONG – China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term. Some …
SIU Names David Green Practice Leader for Professional Lines Georgia-based Southern Insurance Underwriters has named David Green its new practice leader for professional lines. Green, who previously was the new-business manager for real estate errors and ommissions at Norman-Spencer Agency, …
Financial services groups responsible for more than $90 trillion in assets on Monday called for the leaders of the world’s largest economies to push through “clear, credible and ambitious” policies to battle climate change. The Glasgow Financial Alliance for Net …
It’s no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official and industry CEO argued separately at ITC Vegas …
Arthur J. Gallagher & Co.’s wholesale brokerage, binding authority and programs division known as Risk Placement Services has acquired Florida-based SeaCoast Underwriters. Gallagher, the global insurance brokerage and risk management firm, announced the acquisition on Monday, but terms were not …
China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial Times. China, the world’s second largest economy, is likely to …
