Moody’s has released estimates showing property/casualty insurers and reinsurers total insured losses at $10 billion $15 billion from the California wildfires, which destroyed more than 20,000 residential and commercial structures, and damaged nearly 1,000 structures. Moody’s says it expects insured …
A Vermont town’s select board has voted to work with a national law firm that plans to sue opioid makers over the drug crisis. The Bennington Banner reports Bennington will not have to pay for litigation as part of the …
Chicago-based global insurance broker Hub International Limited said it has received a “substantial minority investment” from funds managed by Altas Partners, an investment firm based in Toronto. Funds managed by Hellman & Friedman (H&F) remain the largest investor in Hub …
An elite prep school graduate convicted of using a computer to lure an underage student for sex is asking the New Hampshire Supreme Court for a new trial by arguing he had ineffective counsel. Owen Labrie, of Tunbridge, Vermont, was …
Authorities say an explosion in a northwestern New Jersey home destroyed the residence and damaged a high school across the street. No injuries were reported in the blast, which occurred shortly before 11 p.m. Tuesday in Hardyston. Officials say no …
U.S. lawmakers are very close to reaching a consensus in days on the Farm Bill, two senior senators said on Wednesday, after months of bitter partisan debate over the legislation to fund $867 billion in food and agriculture programs. “We …
First the companies tapped the loan market. Not long after that, they came back for more. Corporations like Bausch Health Cos., a drugmaker, telecom provider Sprint Corp. and Applied Systems Inc., an insurance software provider, borrowed again this month after …
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has announced that Sinéad Browne will assume the role of AGCS UK CEO in addition to her responsibilities as chief regions and markets officer, subject to regulatory approval. …
Denmark’s state prosecutor has filed preliminary charges against Danske Bank for alleged violations of the country’s anti-money laundering act in relation to its Estonian branch. The country’s biggest lender was placed under investigation in August over concerns that transactions worth …
For nine months a quasi-judicial public inquiry into Australia’s financial system has heard allegations of bribery, fraud, board-level cover-up, abuse of power and the charging of fees for no service. As the inquiry nears its end, the following is a …
