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Coronavirus Impact: Growing List of Global Firms Cut Back on China Business Activities

Starbucks Corp. has closed more than half of its coffee shops in mainland China — about 2,000 of them — and Toyota Motor Corp. is halting production in the country, as global corporations grapple with a SARS-like coronavirus that has …

Travelex’s UK Money Transfer and Wire Services Operational After Ransomware Attack

Travelex’s UK international money transfer service and wire offering is fully operational again, it said on Tuesday, almost a month after a crippling ransomware attack forced staff to use pen and paper to calculate foreign currency exchanges. The cyber attack …

Firms Involved in Building Work on London’s Grenfell Tower Take No Blame for 2017 Fire

Firms involved in building work on London tower bloc that caught fire have sidestepped any responsibility for the 2017 tragedy that killed 72 people, a lawyer for the inquiry said. As the second phase of an inquiry into the Grenfell …

Australia’s Capital, Canberra, Faces Worst Bushfire Threat in 17 Years

Canberra, Australia’s capital that’s surrounded by bush, is facing its worst wildfire threat in 17 years as a blaze sparked by a military helicopter approaches the city amid heatwave conditions. Residents in Canberra’s southern suburbs should be vigilant after the …

Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution?

Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS. “The second thing that has got to be present for those transformations to occur is …

At Least 8 Killed, 35 Vessels Burned in Alabama Marina Fire

A massive fire that killed at least eight people and destroyed dozens of boats in an Alabama marina early Monday was spread so rapidly by the wind that “we didn’t have time to do nothing,” said one resident who survived …

UPDATE: Big Quake Shakes Miami and Caribbean, Damage Minor

A major earthquake struck south of Cuba on Tuesday, sending shockwaves as far as Miami and sparking panic in the Cayman Islands where it ripped open sinkholes, but did not do serious damage to people or property, initial reports said. …

North Dakota Officials Promoting Flood Insurance in Red River Valley

Officials in North Dakota say it’s time for property owners in flood-prone areas of the Red River Valley to think about buying flood insurance. The push comes as early signs suggest a heightened risk of flooding this spring. The Red …

Bill Would Require Extended Safety Netting at Ohio Pro Ballparks

An Ohio state lawmaker has introduced legislation requiring all major and minor league baseball teams in the state to install protective netting from foul pole to foul pole. State Rep. John Patterson introduced his bill in response to concern from …

R&Q Acquires Montana Captive Insurer Vigneron

R&Q is pleased to announce it has acquired the Montana captive insurer, Vigneron Insurance Company Inc. from a wholly owned private investment holding company. Terms of the deal were not disclosed. VICI underwrote deductible reimbursement policies to cover the obligations …

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