Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in practice, the American Chamber of Commerce and peer groups for Indian and Japanese businesses said …
On May 5, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for $142 million during an auction at the Mercedes-Benz Museum in Stuttgart, Germany. It was the highest price ever paid for a car at auction, soundly beating the eight-figure …
LexisNexis Risk Solutions has acquired Flyreel, a Denver-based property technology firm that uses artificial intelligence (AI) and machine learning to enable self-service property inspections. Flyreel says its technology offers visibility into a property’s interior and exterior to improve new business …
This edition of International People Moves details appointments at the broker NFP and homeowners’ insurer, Openly. A summary of these new hires follows here. NFP Appoints Markel’s Horsman as Head of Canadian National Broking NFP, the New York City-based property/casualty …
BRUSSELS – Owners of vehicles equipped with so-called defeat devices have a right to compensation from the vehicle manufacturer, an adviser to the top EU court said on Thursday in a case brought against Mercedes-Benz. Defeat devices are mechanisms or …
Governor Phil Scott recently signed legislation (H.515) into law modernizing Vermont’s captive insurance statutes, including giving captive insurance companies authority to enter into parametric risk transfer contracts. Other law changes are aimed at simplifying reporting requirements, improving solvency procedures for …
Rhode Island-based Starkweather & Shepley Insurance Brokerage (S&S) reports it has acquired Ferman Group, an East Hartford, Connecticut employee benefits agency serving mid-sized businesses in New England. Geoff Ferman, president of Ferman Group, said the deal gives his firm a …
Professional golfer Bart Bryant, who once beat Tiger Woods by six shots to collect the biggest paycheck of his career, was killed when a truck slammed into his SUV while he was stopped in a line of vehicles on a …
Tennessee Supreme Court justices fired numerous questions Wednesday at a company that is challenging lawsuits alleging its workers were sickened or died after cleaning up the nation’s worst coal ash spill, which happened more than a decade ago. Oral arguments …
Starting this week, North Carolina homeowners will see insurance premiums rise by an average of almost 8% for new and renewing policies, after a negotiated rate increase took effect June 1. The North Carolina Rate Bureau had proposed a 24.5% …