An engineer heading planned reconstruction of an aging dam in northeastern North Dakota warned the state’s governor that upcoming rainfall could add pressure to the earthen structure already weakened by flooding. Zach Hermann, of Fargo-based Houston Engineering, told Gov. Doug …
SageSure and SureChoice Underwriters Reciprocal Exchange (SURE) announced that SURE, a coastal property reciprocal insurer whose policies are exclusively available through SageSure, has successfully closed a $150 million private placement catastrophe bond transaction. Houston, Texas-based SURE entered into a three-year …
A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. The decision by U.S. …
Michigan Gov. Gretchen Whitmer announced this week that auto insurers should have issued the last of $400 per eligible vehicle insurance refunds by May 9 and that any residents who have not received their refund should contact their insurance company …
How much money should CVS, Walgreens and Walmart pharmacies pay two Ohio counties in damages to help abate the effects of the opioid crisis? That’s the question in front of a federal judge in Cleveland, who began hearing testimony on …
A company that runs a day camp for kids in Massachusetts is blaming Benjamin Moore for a fire on its property, alleging that the manufacturer’s stain products caused materials to combust. According to the complaint filed in federal court in …
BXS Insurance, Inc. (BXSI), a subsidiary of Cadence Bank acquired the assets of Wall 2 Wall Benefit Services (Wall 2 Wall) which is headquartered in Stafford, Texas, a city within the Houston metropolitan statistical area. Wall 2 Wall, founded by …
Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday. Two seafarers …
PARIS (AP) – The lone survivor of a 2009 plane crash that killed 152 other people was expected to attend the trial of Yemen’s main airline which opened Monday in Paris. At just 12 years old, Bahia Bakari clung to …
Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million). AUB Group recently raised A$350 million (US$244.7 million) from existing institutional investors and new investors, which will fund the transaction, …