Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. A Chinese insurer is purchasing the home of the …
Swiss insurers are scrambling to defend themselves against possible investigations into billions of dollars of untaxed assets held by their American clients. As Switzerland continues to seek a data-transfer deal with the United States to protect banks accused of helping …
On July 3, Richard Ward, chief executive officer of Lloyd’s, announced his intention to resign at the end this year. “This has not been an easy decision to make but, as Lloyd’s longest-serving CEO, I believe it is now right …
About 120 home owners from the tight-knit enclave of Breezy Point in Queens, New York, that was devastated by fires during Superstorm Sandy are suing two utility companies for negligence. A lawsuit filed on July 2 in state Supreme Court …
Tropical Storm Chantal strengthened as it moved west across the Atlantic toward the Lesser Antilles, including the islands of Martinique and Saint Lucia, on a track that may take it east of Florida, the U.S. National Hurricane Center said. Chantal …
Kent County residents and leaders in Delaware are getting their first look at new flood maps and worrying about the impact on flood insurance rates. The News Journal reports that federal officials unveiled new flood maps for Kent County on …
At least five people died and 40 were missing on Sunday after a runaway train carrying crude oil derailed and exploded in the center of a small Canadian town in a disaster that raised fresh questions about shipping oil by …
U.S. officials examined flight information recorders and began investigating the crash of an Asiana Airlines Boeing 777 that burst into flames upon landing in San Francisco, killing two teenaged Chinese students and injuring more than 180 people, officials said on …
The National Insurance Crime Bureau released its report last week on a per capita review of vehicle thefts from the nation’s Metropolitan Statistical Areas (MSA). The report, based on 2012 data, shows that California continues to be a hotbed for …
Childcare providers across Indiana are scrambling to find money to pay for broader criminal background checks of employees and educate staff about new rules to improve safety and prevent child abuse ahead of a July 1 deadline. Indiana lawmakers this …
