The Mississippi Supreme Court is ordering a third trial in a wrongful death case, years after a jury told Hyundai Motor Company to pay millions of dollars to families of three people killed in a 1995 car crash. In a …
Most people in Mississippi’s capital now have running water, more than three weeks after the majority of taps in the city of 161,000 went dry during a winter storm. Still, officials said Thursday that thousands will likely remain under a …
The Florida Peninsula Insurance family of companies announces the retirement of their chief financial officer, Francis L. Lattanzio. Lattanzio is a co-founder of Florida Peninsula Insurance Co. and has served as CFO since its inception in 2005. Effective immediately, Lattanzio …
If you live in Florida, you should probably be paying more for flood insurance. And you likely will be soon. That first finding is the conclusion of a new analysis by First Street Foundation, a nonprofit research group focused on …
LONDON – Britain’s cyber security body urged organizations to install the latest Microsoft updates as a matter of urgency on Friday, after the company became aware of flaws that make email servers vulnerable. “We are working closely with industry and …
AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become. Not even an appeal from RWE Chief Executive Officer Rolf Martin Schmitz to …
BEIJING – China’s Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities by authorities and the country’s overall tightening of financial technology regulations. The rules, the first of their kind released publicly …
OKUMA, Japan – A decade ago, a massive tsunami crashed into the Fukushima Daiichi nuclear power plant. Three of its reactors melted down, leaving it looking like a bombed-out factory. Emergency workers risked their lives trying to keep one of …
Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker’s bankruptcy proceedings, four people familiar with …
Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in net underwriting income and combined ratio that improved slightly over the previous year. These preliminary results are from a new …