California’s water use jumped dramatically in March, state officials said Tuesday, as one of the driest stretches on record prompted a wave of homeowners to start watering their lawns earlier than usual in defiance of Gov. Gavin Newsom’s pleas for …
A top Senate Republican released an investigation that concluded Los Angeles Mayor Eric Garcetti “likely knew or should have known” that a former top adviser was allegedly sexually harassing city employees, a finding that appears to contradict the mayor’s assertion …
Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium Group, the latest transaction in a busy corner of financial dealmaking, people familiar with the matter said. The portfolio includes …
Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the outcome of U.S. regulatory investigations into a multibillion-dollar trading debacle at its funds arm. Allianz said the provision hit its …
Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over allegations that a cartel led to inflated electricity charges for at least 30 million consumers in Britain. The proposed …
Three Florida legislators will hold a town hall-type meeting Thursday to gain input from residents ahead of the special session called to examine the state’s property insurance issues. The gathering in Melbourne City Hall, starting at 6 p.m., was organized …
It’s not just homeowners insurance costs that are high in Florida. A new report shows that Floridians continue to pay some of the largest auto coverage premiums in the country. The BankRate 2022 report shows that the average auto premium …
Boston-based specialty insurance broker Risk Strategies has acquired The Insurance Center of Central Florida (ICCF), a property/casualty insurance and risk management agency based in Melbourne, Florida. Terms of the deal were not announced. ICCF was founded by Frank Hanrahan, its …
Howden, the London-based international insurance broker, announced the launch of xTrade Cargo, the first end-to-end digital trading platform dedicated to the oldest specialty class in the London market. This new initiative launched as a proof of concept in 2019 for …
Many homes near America’s largest wildfire survived the latest barrage of howling winds and erratic flames but New Mexico’s governor said Tuesday the risk of more destruction is high and that the long-term costs of recovering from the massive blaze …