Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, people familiar with the matter said. The German insurer is the likeliest buyer for HSBC Life Singapore Pte after outbidding other industry players, according to …
The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali …
Almost all of the world’s children are exposed to at least one climate hazard, with as many as 1.8 billion put in danger by droughts and 1.2 billion by extreme heat, the United Nations Children’s Fund (UNICEF) said in a …
Motley, complicated risks are presented with the proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence. A new report from AM Best outlines “substantial insurance demand” evolving for the warehouse-sized facilities of computer servers. “With …
The threat of floods continues across Texas, northeast Mexico and the US Gulf Coast as tropical moisture pours into the region and the odds rise that the Atlantic’s first named storm of the year could develop late Tuesday or early …
Poor maintenance is often a factor when skydiving planes crash like one did in Missouri on Sunday, and the National Transportation Safety Board has said in past investigations that weak oversight of the skydiving industry can allow problems to go …
Cincinnati Financial Corporation announced that John S. Kellington, chief information officer and executive vice president for its lead subsidiary, The Cincinnati Insurance Company, will retire August 7. Kellington joined the company in 2010 as a proven insurance and technology leader. …
Insurer Nationwide looks to its customers in taking a new approach to rural property monitoring through a relationship with Barn Owl, a provider of solar-powered, cellular-connected remote camera systems designed specifically for farms, ranches and rural agribusiness operations. Nationwide said …
A federal judge has dismissed a lawsuit brought by a former Yosemite National Park ranger who was fired after flying a giant transgender pride flag from a rock wall that looms over the California park’s main thoroughfare. U.S. District Judge …
A nail driven through a supply line during original construction. It happens more often than most claims professionals would expect. In one North Texas home, the fastener sat embedded in the pipe wall for years, gradually weakening the line until …