Bayer’s Monsanto unit heads to a Missouri state court on Monday seeking approval of a $7.25 billion settlement that could resolve tens of thousands of U.S. lawsuits alleging that its popular weedkiller Roundup causes cancer. In a pivotal test of …
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced a new benefit for eligible political risk insurance policyholders: access to a one-off advisory consultation with Blackthorn Risk Group Ltd., a London-based independent security consultancy. Through this new …
Where were you on September 11, 2001, when you heard that at 8:46 a.m. a hijacked American Airlines Flight 11 crashed into the North Tower of the World Trade Center (WTC) in Manhattan? And that minutes later hijackers crashed United …
The artificial intelligence boom remains a global financial stability danger that risks more damage than past crashes, the Bank for International Settlements chief said. Pablo Hernandez de Cos reiterated a warning delivered by his institution in June, observing that investors’ …
Insurers Allianz SE and Zurich Insurance Group AG, who had both written policies covering transactions tied to Radiant World, said they have no material exposure to the iron ore trader. Zurich had insured Radiant World against non-payment from counterparties including …
Sal Argano got lucky. When the World Trade Center was struck by hijacked jets on Sept. 11, 2001, the New York City firefighter was in Brooklyn, on loan to another station, rather than at his usual post at the small …
A day after Germany blamed Russia for a failed drone attack on cargo planes at its Leipzig-Halle airport, European Commission President Ursula von der Leyen made a tacit admission that the continent was not responding quickly enough to the threat. …
Japan’s Digital Agency said it suffered unauthorized access to its servers and personal data on about 246,000 people may have leaked. The agency detected access to a large volume of files on its Government Solution Service network using a maintenance …
Nearly a dozen counties in Northern California face an elevated risk of power shutoffs this weekend as extreme heat and high winds boost wildfire conditions across the region. PG&E Corp., which serves more than 5.5 million electric customers in northern …
Prior to September 2001, terrorism was covered by a standard commercial insurance policy. Either as a direct mention in the policy wording or by its omission, it was covered. But the attacks on 9/11 changed everything. Today, an insurance industry …