New Jersey’s Supreme Court ruled Wednesday that New Jersey Transit has the right to an additional $300 million in insurance coverage based on damage it sustained during Superstorm Sandy. The ruling upheld a lower court’s decision that rejected the claims …
A Maine judge will hear arguments in a property boundary dispute that resulted in a Dover-Foxcroft garage being cut in half last year. Gabriel Brawn removed half of the building that he believed was on his land using a Sawzall …
SAO PAULO – Brazilian reinsurer IRB Brasil Resseguros rose 18% on Thursday, closing at 7.67 reais, as some Brazilian retail investors mimicked their U.S. counterparts in trying to squeeze short sellers. Rio de Janeiro-based Squadra Investimentos last year uncovered accounting …
The sister of a student pilot who died in a small plane crash in Connecticut in 2017 has settled a wrongful-death lawsuit against the flight school she accused of failing to maintain the aircraft. Terms of the settlement over the …
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corp., collectively referred …
Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems, but crime in the “decentralized finance” space continued to grow, a report from crypto intelligence company CipherTrace showed. Criminals got …
The U.S. Army Corps of Engineers announced the cost estimate for a flood prevention project in Hawaii has doubled, striking another blow to the effort. The Corps said a financial analysis on Friday has raised the cost of the Ala …
Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused particular attention on technology companies, including cyber-security firms entrusted to find malicious activity in their clients’ networks. Four cyber-security companies …
Dana Bjornson has been appointed chief financial officer at Kansas City-based Lockton’s digital insurance broker, Mylo. Bjornson brings over 25 years of financial innovation, including leading new business development and mergers and acquisitions. He previously served as executive vice president, …
Gov. Greg Abbott, looking to show an early contrast with President Joe Biden, visited the Permian Basin on Jan. 28 and announced a series of steps the state would be taking to push back against the new Democratic administration when …