Omaha will have a new tallest building once Mutual of Omaha completes its planned $600 million headquarters tower downtown in 2026. Mutual CEO James Blackledge told the Omaha World-Herald that it recently became clear that the insurance company’s new skyscraper …
A French criminal court opened the historic manslaughter trial of Air France and planemaker Airbus on Monday, with angry relatives demanding justice 13 years after an A330 jetliner plowed into the Atlantic, killing all on board. The heads of both …
Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance department blamed on rising costs of reinsurance. Donelon approved Citizens’ request for a 63% rate increase, which will go …
Glencore Plc faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery. Mubadala Investment Company and International Petroleum Investment Company are among over …
Standard setters must work faster to avoid hardwiring differences between their finalized climate-related company disclosures, which would fragment markets, the G20’s Financial Stability Board (FSB) said on Tuesday. To help meet net-zero carbon emission targets, companies face mandatory rules on …
This edition of International People Moves details appointments at Howden, Tokio Marine Kiln (TMK), and Marsh Norway. A summary of these new hires follows here. Howden Appoints Industry Veteran Long to Lead Equine Division Howden, the London-based broker, announced the …
Damaged infrastructure created new obstacles for claims adjusters responding to Hurricane Ian, along with widespread flooding, damaged cell phone towers and even an occasional alligator. Sedgwick Executive Vice President Danny Miller said his company is using boats to send claims …
The U.S. District Court for Eastern Virginia has dismissed a complaint by petcare and food company Mars Inc. seeking insurance coverage for COVID-19-related business interruption claims. Insurer FM Global sought and won the dismissal of the complaint against the $5 …
The number of claims filed from Hurricane Ian continues to rise, topping 449,000 as of Monday, and estimated insured losses stand at more than $4.2 billion, the Florida Office of Insurance Regulation reported. Some 322,268 claims – almost three quarters …
The U.S. Department of Labor said it has obtained a federal court order requiring that three bakeries located in Danbury, Connecticut, and Mount Vernon, New York, and their owner/officer, pay nearly $1 million in back wages and liquidated damages to …