The Italian island of Sicily may have just smashed continental Europe’s heat record, the latest example of how climate change is causing extreme weather events around the globe. Temperatures there reached 48.8 degrees Celsius (119.8 Fahrenheit) on Wednesday, Sicily’s weather …
OLI Insurance Services Inc. acquired Walton and Associates Insurance Services. San Jose, Calif.-based Walton and Associates focuses on a variety of commercial lines and personal insurance products for clients in the Bay Area and Northern California. Terms of the deal …
The worst wildfires in decades have killed at least 65 people in Algeria’s forested mountains, making it the latest Mediterranean nation to be struck by devastating blazes as temperatures have risen to unprecedented highs. France offered help, including two Canadair …
A judge in Alabama has dismissed a defamation claim against Roy Moore’s unsuccessful Senate campaign that was filed by a woman who accused Moore of molesting her decades ago when she was 14. The case against Moore, which arose from …
LONDON/SINGAPORE/HONG KONG – Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613 million in digital coins they stole, the company at the center of the hack said on Wednesday. Poly Network, a …
Aviva Plc plans to return at least 4 billion pounds ($5.6 billion) to investors using proceeds from the recent sale of non-core businesses. The UK-based insurer and asset manager will start with an immediate 750 million pound share buyback, and …
Mississippi is approaching its record number of COVID-19 hospitalizations as the virus continues spreading rapidly in a state with one of the lowest vaccination rates in the U.S. The state Health Department reported Tuesday that 1,410 patients with confirmed cases …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a majority stake in Turkish specialty broker Brokers’ House (BH Sigorta ve Reasürans Brokerligi A.S.). Terms of the transaction were not disclosed. Based in Istanbul, Brokers’ …
BEIJING – Devastating summer floods in the populous province of Henan in central China are a wake-up call for local authorities to seek better insurance cover against natural disasters, potentially opening up a huge market for insurers in the country. …
Avalon Risk Management Avalon Risk Management (Avalon) in Elk Grove Village, Illinois, named Michael S. Brown president and CEO. Brown succeeds Lisa M. Gelsomino who, after 23 years as a founding partner and 13 years as Avalon’s president and CEO, …
