There are tentative signs that oil tanker companies are avoiding sending their ships to collect crude from a key Russian port in Asia following G-7 sanctions targeting Moscow’s petroleum revenues. Since Dec. 5, buyers of cargoes from Russia have only …
North Carolina lawmakers rebuked the state’s disaster recovery director — with one calling for her removal — for the agency’s slow progress amid years-long delays that have left some low-income homeowners in temporary lodging for up to six years after …
Fourteen years after Hurricane Ike ripped through thousands of homes and businesses near Galveston, Texas — but mostly spared the region’s oil refineries and chemical plants — the U.S. House of Representatives voted Thursday to authorize the most expensive project …
West Virginia plans to speed up the process for motorists doing vehicle registrations and other transactions with the state. Gov. Justice Jim Justice said Wednesday that the Division of Motor Vehicles will expand its internet portal services for residents, vehicle …
The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such as insurance, may have unintended consequences, according to a maritime insurance specialist. One of those consequences is the possible creation …
MOUNT CLEMENS, Mich. (AP) —A former troop leader was sentenced to 12 to 20 years in prison Wednesday after pleading guilty to two counts of criminal sexual conduct stemming from Michigan’s review of child sexual abuse lawsuits against the Boy …
Financial executives and Texas state senators clashed over company concerns for climate change at a hearing on Thursday, a rare in-person confrontation as Republicans ramp up attacks on the use of environmental, social and governance (ESG) factors in investing. Texas …
RiverStone International, the Bermuda-based acquirer and reinsurer of legacy and discontinued insurance business, announced it has entered into loss portfolio transfer (LPT) reinsurance agreements with affiliates of AXIS Capital Holdings Ltd. The LPT agreements cover several of its professional lines …
State Farm’s claims handling process is the subject of a new lawsuit alleging disparities between the insurer’s treatment of claims from Black policyholders versus claims from white policyholders. The suit filed Dec. 14 against State Farm Fire & Casualty Company …
EMC Appoints Eduard Pulkstenis SVP, Chief Underwriting Officer EMC Insurance Companies has named Eduard Pulkstenis as senior vice president – chief underwriting officer. Pulkstenis will oversee all aspects of the corporate underwriting function, including strategic direction, product development, and underwriting …