At least 15 gold miners were killed on Saturday when a dam collapsed, flooding an artisanal mining encampment in a remote part of Siberia, officials said. Heavy rains had weakened the dam and water broke through, sweeping away several cabins …
Authorities say a blaze that tore through a Philadelphia building last year was set by two brothers who owned a business there and wanted to collect insurance money. The U.S. Attorney’s office said Thursday that 39-year-old Imad Dawara, of Swarthmore, …
CRESTA, the insurance industry organization that provides a standard global system of risk accumulation zones, has announced the release of the CRESTA Zones 2019, which includes updated information for 137 countries, and the launch of a new CRESTA website. Set …
Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland. The settlement covers drug distributors and …
Russia wants to make its Arctic waters more attractive to shippers than the Suez Canal and could be willing to compensate for potential risks to make that happen. President Vladimir Putin has made development of the Arctic one of Russia’s …
Berkshire Hathaway Specialty Insurance (BHSI) announced it is entering the surety market in Australia and has named Jonathan Griffiths as head of Surety, Australia. BHSI will focus on providing contract surety solutions for large and mid-sized contractors throughout Australia. The …
Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said. Businesses big …
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bbb+” from “a-” of Kansas Medical Mutual Insurance Company, and its subsidiary, KAMMCO Casualty Company Inc. …
A detailed review of coastal Texas building codes revealed gaps that could leave homeowners at risk if mitigation efforts are not sought as nearly one-third of Texans live in the coastal counties. The Insurance Institute for Business & Home Safety …
A new law aimed at helping Wisconsin patients access important prescription medications will go into effect on Nov. 1, 2019, the state’s insurance regulators say. Called the Step Therapy Law, Wisconsin Act 12 establishes a new set of requirements that …
