The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine capital requirements for now. The …
Italy’s top insurer Assicurazioni Generali has dropped out of the race to buy the asset management arm of Dutch rival NN Group NV, two sources familiar with the matter told Reuters. Generali and Deutsche Bank’s asset management unit DWS were …
Authorities suspect an arsonist set a wooden roller coaster on fire in an overnight blaze at a northern Idaho theme park. The Kootenai Sheriff’s Office responded to the Silverwood Theme Park near the town of Athol at about 1:30 am …
Azure Risk Ltd., a digital provider of marine and freight forwarding insurance, has been granted its application to broaden its license by the Hong Kong Insurance Authority. As a result, the broker has expanded its offering to include insurance for …
A group of 50 investors managing more than $4.5 trillion in assets is calling on companies involved in the development and use of facial recognition technology, such as Amazon and Facebook, to do so in an ethical way. The investor …
The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month’s cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get into the system by stealing a single …
Falcon Risk Holdings is the name of a new managing general agency formed by Griffin Highline Capital, HDI Global Specialty SE and Craig Landi, former Argo Pro president who will lead the new entity. Summit, New Jersey-based Falcon will be …
Amazon.com Inc. said on Tuesday it was now offering six-month prescriptions starting at $6 for medications of common health issues through its pharmacy. The company said prime members would get additional savings when paying without insurance. Customers can pay as …
General Motors Co. plans to offer subscriptions for its Onstar Guardian security services to anyone in the United States or Canada who wants to download a smartphone app, expanding beyond owners of GM vehicles in a step to generate recurring …
A Pensacola, Florida insurance agent has bee charged with selling fraudulent insurance policies to his clients in exchange for approximately $4 million in insurance premium payments. Jason R. Coody, acting U.S. Attorney for the Northern District of Florida, announced the …