Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across the bloc if they could prove to regulators they offer value for money, draft proposals seen by Reuters showed. The …
The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for fixes at Silicon Valley Bank before the U.S. lender’s collapse, and promised tougher supervision and stricter rules for banks. In …
Canopius Group, the London-based global specialty re/insurer, has had a management shake-up, with three executives exiting the company. “Over the last 18 months, Canopius has reorganised our global underwriting operations to both enhance the focus on specialist underwriting capabilities and …
Ryan Specialty Appoints Davies as CEO and Smith as President of PERse’s North American Operations Ryan Specialty Holdings, Inc. has made leadership appointments to its Power.Energy.Risk’s (PERse) North American operations, the Chicago, Illinois-based company’s renewable energy managing general underwriter (MGU). …
PORTLAND, Ore. (AP) – A trial connected to a $1.6 billion class action lawsuit against utility PacifiCorp over the catastrophic Labor Day 2020 wildfires in Oregon started Tuesday in Portland. The fires in 2020 killed nine people, burned more than …
DALLAS (AP) – A private company that ran a Texas jail where a woman allegedly went blind following days of medical neglect before her 2019 death has agreed to a $7 million lawsuit settlement along with other defendants, her family’s …
DES MOINES, Iowa (AP) – Some residents along the swelling Upper Mississippi River evacuated their homes this week while others scrambled Wednesday to stack sandbags in preparation for what forecasters say could be near-record flooding caused by the rapid melting …
CLEVELAND (AP) – An eastern Ohio man told investigators that he tried to burn down an Ohio church because he wanted to prevent a drag show that was scheduled to take place there, federal prosecutors allege in newly unsealed charges. …
A restoration contractor that helped finance an effort by McClenny Moseley & Associates to file thousands of hurricane-damage claims in Louisiana wants its $3 million investment back. Access Restoration Services US filed a lawsuit in a Texas state court in …
After the deadly collapse of a parking structure in lower Manhattan, New York City building officials swept through dozens of parking garages and ordered four of them to immediately shutter because of structural defects that “deteriorated to the point where …