Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in hostilities on its stretch of the Danube, according to the government decision published on Friday. Ukraine exports almost all its commodities …
People who owned units in a Florida oceanfront condominium building that collapsed last year will divide $83 million for property losses, with the compensation for families over the 98 deaths still to be determined, a judge ruled Wednesday. The money …
Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe risks, according to Moody’s Investors Service. Reinsurers’ public disclosures of their Jan. 1, 2022 modeled probable maximum loss (PML) exposures …
Fitch Ratings downgraded California Earthquake Authority’s Issuer Default Rating and revenue bond ratings to ‘A-‘ from ‘A’. The Rating Outlook is Stable. The rating action follows the vote of the CEA’s Governing Board to reduce the target claims paying capacity …
A jury has awarded $102.5 million to two women who sued a Northern California school district over what they said was officials’ failure to stop a middle school teacher from sexually grooming and abusing them as minors. Parents had repeatedly …
The family of a man with mental health issues who was shot and killed by a Spokane County Sheriff’s Deputy in Washington will receive $1 million. The Spokane County Commissioners approved the federal civil rights lawsuit settlement this week, The …
KGM Underwriting Services, a UK specialist motor insurer and subsidiary of Howden Group, announced the acquisition of Eridge Underwriting Agency, a managing general agent (MGA) that caters for specialist and higher rated motor insurance. This acquisition, expected to complete in …
Los Angeles Dodgers pitcher Trevor Bauer sued The Athletic and former reporter Molly Knight, accusing them of “creating and spreading the false narrative” that he had fractured a woman’s skull during a sexual encounter. The 26-page complaint, filed in U.S. …
A Massachusetts judge on Wednesday dealt state securities regulators a major setback in their enforcement action against online brokerage Robinhood by declaring the state’s new fiduciary duty rule that underlies parts of the case invalid. Suffolk County Superior Court Judge …
Ford Motor Co. is recalling 737,000 vehicles in the United States over a part that could develop an oil leak and a software error that could hinder braking, it said on Friday. The automaker is recalling 345,451 of its 2020-2022 …