Wall Street accountants and lawyers are trying to figure out new equity agreements to lure investors back to the blank-check company market after the U.S. regulator cracked down on the use of warrants, six industry executives told Reuters. They are …
AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage during the 2020 COVID-19 lockdowns. AXA estimates the cost of these settlements will be approximately €300 million (US$365.5 million) before …
Denmark’s central bank warned rising waters pose a threat to the financial system as property used as collateral against bank loans may be worthless in coming years, amid increasing damage by climate change to the country’s 5,000 mile-long coastline. Flood …
FRANKFURT — Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 million) in compensation related to its emissions scandal. The …
Tony is an unusual dog. He never eats his food out of a bowl, always feeding from his human’s hand. He has a distinct physical appearance, having lost part of his tail as a puppy. And he’s an accelerant detection …
Meat producer JBS USA paid the equivalent of $11 million in ransom in response to the May 30 criminal hack against its meat plant operations, the company confirmed in a statement released Wednesday. At the time of payment, the company …
Accelerant, a technology-based insurance platform, has acquired Agribusiness Risk Underwriters (ARU), a provider of poultry farm insurance product development, underwriting and loss control. ARU was founded in 2016 in Winston-Salem, North Carolina. It builds and distributes proprietary insurance products, invests …
Towerstone, the Dallas-based wholesale insurance division of IMA Financial Group, has acquired Professional Lines Underwriting Specialists Inc. (PLUS), an Austin-based wholesale insurance brokerage specializing in management and professional liability. The partnership opens new markets for Towerstone and PLUS, and provides …
Charles Taylor announced it has created a new division aimed at providing pre-risk and post-loss environmental services. The new business will be known as Charles Taylor Environmental Technical Services and is based in California. The businesses is led by Kellie …
BEIJING — China’s banking and insurance watchdog issued rules on Wednesday requiring sizable banks and insurers to prepare recovery plans in the unlikely event that they run into financial trouble, as the regulator seeks to strengthen the safety net of …
