Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday. Two seafarers …
PARIS (AP) – The lone survivor of a 2009 plane crash that killed 152 other people was expected to attend the trial of Yemen’s main airline which opened Monday in Paris. At just 12 years old, Bahia Bakari clung to …
Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million). AUB Group recently raised A$350 million (US$244.7 million) from existing institutional investors and new investors, which will fund the transaction, …
A former moderator working for Facebook owner Meta Platforms Inc. on Tuesday filed a lawsuit alleging that poor working conditions for contracted content moderators violate the Kenyan constitution. The petition, also filed against Meta’s local outsourcing company Sama, alleges that …
Britain said on Tuesday it will require its regulators to help the City of London remain a globally competitive financial center after being largely cut off from the European Union due to Brexit. The government outlined planned legislation marking the …
Just a few years after banks helped create a gargantuan market for blank-check companies, they’re pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc. is ending its involvement with most of the special purpose acquisition companies …
Pool Re, Britain’s leading terrorism reinsurer, announced the most significant reduction in its reinsurance pricing in 20 years. The reduction, which will come into effect in October 2022, will vary according to geographical location. Pool Re aims to enable the …
Tesla Inc. is recalling about 130,000 vehicles in the United States following an overheating issue that may cause the center touchscreen display to malfunction, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The recall covers Tesla’s S and …
Firefighters in northern New Mexico worked in rugged terrain ahead of a massive wildfire, feverishly trying to position crews to clear brush and stop the monster blaze from burning more homes in the Rocky Mountain foothills. The wildfire has charred …
The State Bar of California has begun notifying individuals whose names appeared in more than 322,000 confidential attorney discipline records published online in a massive data breach. The State Bar said it will contact 1,300 complainants, witnesses or respondents whose …