Iota became the thirteenth hurricane of the Atlantic season early Sunday, threatening to bring another dangerous system to Nicaragua and Honduras – countries recently clobbered by a Category 4 Hurricane Eta. Iota was already a record-breaking system, being the 30th …
Major insurance companies told the UK Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in an appeal closely watched by thousands of British businesses devastated by the coronavirus crisis. Opening a …
Three strong typhoons over the past three weeks have killed more than 100 people in the Philippines and damaged farms and infrastructure worth almost 25 billion pesos ($518.5 million), based on reports from its disaster agency. A number of provinces …
Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of dollars of investor losses. In a decision on Wednesday, …
TEGUCIGALPA, Honduras – Eta is moving over Honduras as a weakened tropical depression but still bringing the heavy rains that have caused deadly landslides while drenching the country’s east and the north of neighboring Nicaragua. The storm no longer carried …
A takeover offer that would have been so-so in February becomes impossible to refuse for a company whose shares have been hit by the pandemic. The 7.2 billion-pound ($9.5 billion) approach for RSA Insurance Group has been shrewdly pitched by …
Tesla recently made headlines with the beta launch of its Full Self-Driving system. That system comes with a disclaimer saying, “It may do the wrong thing at the worst time, so you must always keep your hands on the wheel …
RSA said it is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up deal that values the British firm at 7.1 billion pounds ($9.3 billion). RSA said its board would be …
Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives. The U.S. presidential …
England’s second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions, its CEO said on Thursday as it reported a rise in underwriting profit in the first nine months. England started …