European Union countries gave their final approval on Monday to a law to cut carbon dioxide emissions from trucks, which will require most new heavy-duty vehicles sold in the EU from 2040 to be emissions-free. The law will enforce a …
Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian …
Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be Accel’s eighth since opening …
When Progressive’s chief executive officer weighed the words that should go into the management discussion section of the company’s first-quarter 10-Q report, she considered two possibilities to describe anticipated growth for the balance of 2024. “Was ‘maximize’ growth the right …
Jensten, the London-based independent insurance broking and underwriting group, announced a reorganization that aims to drive growth, bolster continued acquisitions, and expedite the integration of future acquisitions. This move closely follows the recent announcement of Jensten’s successful securing of £170 …
This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty. A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance AXA XL Reinsurance …
The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the same …
Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident and advised business partners to temporarily disconnect from its systems. Earlier this year, UnitedHealth, the largest U.S. health insurer, had reported a cyberattack …
High winds, hail, heavy rain and tornadoes battered Southern states from Alabama to North Carolina Wednesday and Thursday morning, leaving three people dead and hundreds of properties with heavy damage. USA Today, CNN and other news outlets reported that the …
Hospital operator Ascension said on Monday that it “worked around the clocked” over the weekend to handle a recent ransomware attack that disrupted operations. “We are focused on restoring systems safely. We are making progress, however, it will take time …