Families of the 98 victims of the 2021 condominium collapse near Miami Beach, along with injured survivors, could split hundreds of millions of dollars in payouts under a preliminary settlement agreement announced Wednesday. The settlement will top $997 million, the …
Assisted driving systems installed in Tesla Inc., Hyundai Motor Co. and Subaru Corp. vehicles failed to avoid head-on collisions in testing done by AAA, though Tesla’s Autopilot system did slow the vehicle to a walking speed before striking an oncoming, …
First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., added three new agency partners. L.B. Anderson Agency joined FMSI at the end of January. Located in Newhall, IA, L.B. Anderson Agency has been servicing their community’s insurance needs …
Marsh Launches Renewable Energy Facility Insurance broker Marsh announced the launch of a renewable energy facility that provides streamlined, dedicated insurance capacity for mid-scale solar and battery energy storage system (BESS) risks in the U.S. and Canada. According to the …
A number of businesses within the U.S. insurance sector are trying to weaken or delay emerging climate-related insurance regulation at federal and state levels, according to climate think tank InfluenceMap. Research from the group released on Thursday reportedly shows that …
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 …
A New York state appeals court on Tuesday dismissed state Attorney General Letitia James’ lawsuit accusing Amazon.com Inc. of failing to adequately protect thousands of workers at two New York City facilities against COVID-19. The Appellate Division in Manhattan said …
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 …