Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer, which will list …
After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are now swamped with financial …
Bolton Street Programs, a new Woodbury, New York-based program administrator that creates and administers affinity programs, is working to integrate insurtech, resinsurance, E&S options and loss control throughout its suite of programs. The announcement was made by Bolton Street Programs …
The U.S. government released projections Wednesday that indicate an even more troubling outlook for a river that serves 40 million people in the American West. The Bureau of Reclamation recently declared the first-ever shortage on the Colorado River, which means …
A former insurance broker is going to prison for defrauding insurance companies and individual investors out of more than $1 million. U.S. Attorney James P. Kennedy, Jr. announced that Brian Bartz of Rochester, New York, who was convicted of wire …
Federal lawmakers introduced legislation this week that would change 19th century maritime liability rules in response to the 2019 boat fire off the coast of Southern California that killed 34 people. The bill would update the Limitation of Liability Act …
The National Transportation Safety Board released its preliminary report on last month’s gas line explosion in Coolidge, Ariz., that destroyed a home and killed a man and his 14-year-old daughter. NTSB investigators said a natural gas pipeline ruptured around 5:30 …
A recently released report from the state’s insurance department shows more claims and higher average claim costs resulting from the severe and prolonged winter storm that enveloped Texas in mid-February than were previously reported. In the report released Sept. 1, …
Louisiana’s oyster farmers, crabbers, shrimpers and anglers are nothing if not adaptable, producing millions of pounds of seafood annually, often in water that was dry land a generation ago. They’ve fought off a devastating oil spill, floods, changing markets and …
A federal judge dismissed some of the biggest unsettled lawsuits over Ohio State’s failure to stop decades-old sexual abuse by now-deceased team doctor Richard Strauss, saying it’s indisputable Strauss abused hundreds of young men but agreeing with OSU’s argument that …