Arch Reinsurance Ltd. has completed the acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates. Arch Re originally announced its plan to acquire Somerset in June. The acquisition includes Somerset’s motor insurance managing general agent, distribution capabilities …
Berkshire Hathaway’s insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though the conglomerate’s GEICO unit dragged down earnings. Berkshire Hathaway’s insurance division produced $376 million in net underwriting earnings during Q2, …
Canada, acting with the United States and Britain, imposed new sanctions on Belarus on Monday to protest against what it called gross violations of human rights under President Alexander Lukashenko. Foreign Minister Marc Garneau said Ottawa would target transferable securities …
The National Highway Traffic Safety Administration (NHTSA) said Friday it has opened a preliminary investigation into reports some 2019 Mercedes-Benz Sprinter vans, configured for use as Amazon.com Inc. delivery vehicles or ambulances, roll away shortly after being shifted to park. …
Sexual harassment suits against Andrew Cuomo will face an easier path under changes to state law the governor signed two years ago, though New York taxpayers could be on the hook for the damages. Cuomo has been facing a political …
Shares of Ryan Specialty Group Holdings Inc rose 9% in their New York Stock Exchange Debut on Thursday, fetching a market capitalization of $6.5 billion for the insurance brokerage founded and led by industry veteran Patrick Ryan. The stock opened …
A U.S. safety regulator’s decision last week to sue Amazon.com Inc. could bring clarity to a question that has long befuddled courts and state legislatures nationwide: Who is responsible when a product bought from the world’s largest online retailer hurts …
A federal judge has halted enforcement of a section of Florida’s new property insurance reform (SB 76) law that restricts the advertisements and solicitations of roofing contractors. U.S. District Judge Mark Walker granted the injunction Sunday in response to a …
Researchers from Colorado State University boosted their prediction for named tropical storms in the 2021 Atlantic hurricane season in a revised forecast issued last Thursday. Colorado State meteorologists predicted 20 named storms, up from 17 in their forecast issued in …
Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported regulatory risks in its long-awaited initial public offering filing. Amid an increasingly hostile climate in Democrat-led Washington, Robinhood’s growing regulatory …