Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement to acquire Howden UK Group’s trade credit broking business, based in Birmingham, Glasgow, Manchester and Cardiff. Once the transaction is …
The Canada-based owner-operator of a Denver, Colo.-area oil refinery will pay $9 million to settle air quality violations dating to 2017, state officials announced Friday. The settlement with Calgary-based Suncor Energy is the biggest leveled by the Colorado Department of …
A Bayer AG investor sued the board and other top company officials, claiming the “disastrous” 2018 acquisition of Monsanto Co. eroded the company’s share value by saddling it with potentially billions of dollars in liability from Roundup lawsuits. Bayer AG’s …
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its fourth and final loss estimate of €782 million (US$882.9 million) for Europe’s Extratropical Cyclone “Dragi-Eberhard.” This compares to the previous PERILS’ loss estimate issued on Sept. 9, …
The Federal Trade Commission and U.S. Food and Drug Administration (FDA) have warned seven companies for allegedly selling unapproved products that may violate federal law by making deceptive or scientifically unsupported claims about their ability to treat coronavirus (COVID-19). The …
At least six tornadoes hit middle Tennessee during a series of storms last week that killed 24 people and caused massive damage, the National Weather Service in Nashville confirmed Friday. The strongest tornado overnight into Tuesday packed winds up to …
At least 90 homes were damaged by storms that blew through central Mississippi on Wednesday. Strong winds toppled trees onto some vehicles and peeled roofs off of buildings. The Mississippi Emergency Management Agency said it had received reports of 60 …
Sirens screamed. Emergency weather alerts buzzed cellphones. News crews pleaded with people to seek cover. In the aftermath of the massive tornadoes that ripped through Tennessee early Tuesday morning, emergency officials say they believe the systems in place to warn …
A major political donor was convicted Thursday of trying to bribe a North Carolina insurance regulator with millions of dollars in campaign funds in hopes of reducing scrutiny of his insurance business. A federal jury found insurance magnate Greg Lindberg …
The Surplus Line Association of California announced on Monday that Pat McAuley, who had served most recently as the senior vice president for the education and compliance department, officially retired on Feb. 28 after more than 25 years with the …