A legislative panel advanced a bill this week that would help local governments plan in advance for climate-related threats to public health such as wildfires, flooding, extreme heat and rapid erosion. The initiative from Democratic state Sen. Liz Stefanics of …
Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of sale – could exceed $70 billion in premium by 2030, according a new report by Conning. This is on par …
More than 30,000 British companies went bust last year, with accountants warning of a “double whammy” to come in April that could trigger another wave of insolvencies. Big businesses were the worst hit, according to a report published Thursday by …
A series of crashes caused by a wrong-way driver on Interstate 80 killed five people and seriously injured others in south-central Wyoming. The driver was arrested on suspicion of driving while impaired, according to a Wyoming Highway Patrol statement. Highway …
Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun off a subsidiary that took on its liability from asbestos litigation and then filed bankruptcy to limit lawsuit payouts, according …
SPRINGFIELD, Ill. (AP) – Illinois’ two-week-old ban on semiautomatic weapons outlaws “ubiquitous” firearms in “radical” defiance of the Constitution’s Second Amendment, a federal lawsuit filed by the National Rifle Association Tuesday claims. The powerful NRA joined a parade of gun-rights …
The U.S. Food and Drug Administration on Tuesday announced new guidance to reduce exposure to lead in processed baby foods. Though recommended and not required, the new proposed action levels from the FDA “could result in as much as a …
Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit on the market sidelines, a market executive said recently. During an AM Best Reinsurance Briefing, Aditya Dutt, president of Aeolus …
Qantas Airways Ltd., the airline whose stellar safety record was made famous by Hollywood, is back in the spotlight after a flurry of mechanical malfunctions. The Australian airline has been hit by a spate of in-flight issues since the middle …
Britain’s financial regulators would face more scrutiny over their policies for consumers and the economy from Parliament under proposals from members of the House of Lords. A new independent body could track progress against certain metrics, with elected officials also …