Brazil’s largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420 million) capital increase to address liquidity issues, but has not yet fully met regulatory requirements, its interim chief executive said on Monday. Antônio Cássio dos Santos …
With hurricane season barreling down on Florida, the state is seizing on low interest rates to borrow $2.25 billion for its catastrophe insurance fund. The State Board of Administration Finance Corp. is joining state and local governments that have rushed …
The University of Alabama reported Friday that an additional 481 students have tested positive for COVID-19, bringing the total to more than 1,000 infections since students returned to campus for the fall. The University of Alabama System released new numbers …
A former exotic dancer seriously injured in a 2010 car crash with an off-duty Massachusetts police officer has been paid about $8.6 million by the insurance company for the strip club, according to court records. Kailee Higgins was paid by …
The owner of the stretched limousine that crashed and killed 20 people in upstate New York repeatedly changed the listed number of seats in the vehicle and took other steps to avoid safety regulations, according to documents released Wednesday by …
A group of Black U.S. farmers filed a federal lawsuit on Wednesday, seeking to force Bayer AG to either stop selling its widely used weedkiller Roundup or roll out new product warnings. The National Black Farmers Association’s filing is the …
The United Kingdom’s Supreme Court on Wednesday unanimously dismissed appeals by China’s Huawei and ZTE in patent disputes over mobile data technology with Unwired Planet International and Conversant Wireless. The first appeal concerned an action brought by Unwired against Huawei …
Elon Musk said on Thursday that Tesla Inc.’s factory in Nevada was a target of a “serious” cybersecurity attack, confirming a media report that claimed an employee of the company helped the Federal Bureau of Investigation (FBI) thwart the attack. …
Electric moped sharing company Revel on Thursday said it was returning to the streets of New York City with a new safety protocol, a month after it voluntarily suspended operations in the city following a string of deadly crashes. Revel …
Ensconced in a lucrative niche at home, Jack Ma’s Ant Group nevertheless has to look outward. And expanding overseas has never looked so difficult for China’s biggest payments app, even with the war chest from what may be a world-record …