Penn State settled with six more victims or accusers of Jerry Sandusky, according to a new audit that puts the school’s total payout in the child sex abuse scandal at nearly $93 million. The university’s audited financial statements for the …
Brent Cross, executive vice president of Cross Insurance, an independent agency headquartered in Bangor, Maine, with offices throughout New England, died Nov. 26 at Mass General Hospital in Boston after a year-long battle with cancer, the agency said. He was …
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The fine was the last big …
Delta Lloyd NV plans to raise as much as 1 billion euros ($1.06 billion) by selling stock in a rights offer as the Dutch insurer seeks to improve its capital to meet new regulatory standards. The sale is fully underwritten by …
The Diablo Canyon nuclear power plant and earthquake faults have been uneasy neighbors for decades. Even before the twin reactors produced a single watt of electricity, the plant had to be retrofitted after a submerged fault was discovered 3 miles …
Brazil’s federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais ($5.24 billion) in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday …
Five people, including a former hospital executive and two surgeons, are charged with a massive kickback scheme that resulted in billing $580 million to the government and insurance companies, authorities announced. Two already pleaded guilty and the others have agreed …
Eight Lloyd’s syndicates are joining forces to develop new solutions to help developing economies tackle underinsurance and improve their resilience against the economic impact of natural catastrophes. Emerging economies across Latin America, Africa, and Asia currently contribute 40 percent to …
ACE Ltd. has appointed the future personal lines leadership team for the new Chubb Group’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of …
Paul Walker’s father has sued Porsche for negligence and wrongful death over the 2013 accident that killed the “Fast & Furious” star. Walker’s father, who is the executor of his son’s estate, filed the lawsuit last week claiming that the …