U.S. Supreme Court justices on Monday struggled in a case involving Goldman Sachs Group Inc. over how judges should determine when shareholders can collectively sue publicly traded companies for fraudulent statements that keep their stock prices artificially high. The justices …
Grand Rapids, Mich.-based insurance broker, Acrisure, has launched a new Asset Management division that it says will further diversify the company’s portfolio as it continues to leverage artificial intelligence (AI) to drive its global distribution capabilities. Patrick Rogers has joined …
The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance policies do not cover them, industry …
E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched an insurance product for home-based businesses with AXIS Insurance that is available to purchase online. The quote-bind-issue Home Based Business product offers customized coverage designed specifically for …
Centauri insurance companies (Centauri Specialty Insurance Co. and Centauri National Insurance Co.) have sustained their financial stability rating of “A” (Exceptional) from Demotech, after being strengthened financially through its recent acquisition by Applied Underwriters, the company said in a statement. …
Aon announced it is closing operations and taking a global holiday on April 1st and April 2nd. These two days are intended to provide “colleagues extra time away to express appreciation for them during this unprecedented time,” said Aon in …
Three separate wildfires in the Black Hills of South Dakota have forced evacuations of more than 400 homes northwest of Rapid City and shut down Mount Rushmore, authorities said. A fire that started near Schroeder Road in the Nemo area, …
Strong winds, warmer conditions and low humidity are combining to create a fire danger across several states, including parts of Nebraska, Kansas, Iowa and Missouri. The National Weather Service on March 29 issued red flag watches and warnings for most …
A company has been fined over $74,000 for improperly sending asbestos-tainted debris to a landfill in Southern Oregon. The Oregon Department of Environmental Quality described the violations as “major magnitude violations,” but said the problems have since been “properly abated …
The U.S. Supreme Court on Thursday unanimously ruled against Ford Motor Co. in a case in which the second-largest U.S. automaker had sought to bar two state courts from hearing product liability suits involving a pair of serious crashes. Ford …