China Reinsurance (Group) Corp., the nation’s biggest reinsurer, will sell about half of its as much as $2 billion Hong Kong initial public offering to cornerstone investors. U.S.-based Prudential Financial Inc., China Life Insurance Co. and Macau casino executive Pansy Ho are …
Republican presidential candidate Marco Rubio vowed to cap the number of regulations government can impose on businesses, particularly “on-demand” startups like Uber and Airbnb that he considers models for a changing national economy. Speaking in New York City on Oct. …
A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada’s Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart of the disaster. The approval came after …
Lyft drivers have a new ridesharing insurance option covering all three ridesharing periods and offering liability coverage with the option to add additional coverages. Those changes came to light on Monday with the introduction of a new product, approved by …
Washington is suing the contractor building the $3.1 billion tunnel replacement project for Seattle’s Alaskan Way Viaduct. In a statement late Friday afternoon, the Department of Transportation says it filed the lawsuit against Seattle Tunnel Partners in King County Superior …
The U.S. property/casualty (P/C) industry’s rating activity over the first half of 2015 turned negative as downgrades and negative outlooks outpaced upgrades and positive outlooks, according to A.M. Best. This activity reversed a two-year positive trend, the ratings agency said. …
Thousands of older wood and concrete apartment buildings that would be vulnerable to collapse in a major earthquake would get costly upgrades under sweeping retrofitting rules passed Friday by the Los Angeles City Council. The mandate would affect as many …
Responding to criticism from civil liberties advocates, the Obama administration said last week that it has strengthened consumer privacy protections on the government’s health insurance website as a new sign-up season nears. HealthCare.gov CEO Kevin Counihan said in a blog …
The Oregon Supreme Court has denied a request by Oracle Corp. to have five of its executives excluded from a lawsuit filed by the state over the failure of the Cover Oregon health insurance exchange. The court issued the ruling …
U.S. prices for the world’s 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the price of treatments for a range of …