Russian President Vladimir Putin said a key stage of a gas pipeline to Germany that the U.S. targeted for sanctions had been carried out, ahead of his summit with counterpart Joe Biden. “I’m happy to say that today, two and …
A jury must decide whether a grocery store should be held liable for a collision between a vendor’s snack food cart and a shopper riding an electric scooter, a judge ruled Wednesday. Superior Court Judge Jan Jurden refused to grant …
Hackers infiltrated computer systems for the Metropolitan Transportation Authority in New York, setting off a scramble to counter a potentially crippling cyberattack against North America’s largest transit system, MTA officials confirmed on Wednesday. The officials said in a statement that …
AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit ratings of “a-” (excellent) of New London County Mutual Insurance Company, Hingham Mutual Fire Insurance Company, …
The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same prior-year period, according to preliminary financial results analyzed by AM Best. Increases in incurred losses, loss adjustment expenses and …
This wrap-up of international People Moves includes appointments at Allianz Global Corporate & Specialty (AGCS); HDI Global SE UK & Ireland, and Amwins Global Risks. A summary of these new hires follows here. Scott Sayce will join Allianz Global Corporate …
Bristol Myers Squibb Co. was sued for $6.4 billion on Thursday for allegedly delaying its Breyanzi cancer drug to avoid payments to shareholders of the former Celgene Corp., which the drugmaker bought in 2019. According to a complaint in Manhattan …
The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a major meatpacking company and the biggest U.S. fuel pipeline. There has been a …
Even though Americans drove less in 2020 due to the pandemic, early estimates of crash fatalities from the U.S. Department of Transportation’s National Highway Traffic Safety Administration released Thursday reveal the largest projected number of deaths since 2007. According to …
Canadian fintech company Ratehub Inc. has launched a property/casualty (P/C) brokerage called RH Insurance. Toronto-based Ratehub, which operates the financial product comparison site Ratehub.ca, said the launch brings the company one step closer towards achieving its goal of “being Canada’s …
