SAO PAULO – Brazilian reinsurer IRB Brasil Resseguros rose 18% on Thursday, closing at 7.67 reais, as some Brazilian retail investors mimicked their U.S. counterparts in trying to squeeze short sellers. Rio de Janeiro-based Squadra Investimentos last year uncovered accounting …
The sister of a student pilot who died in a small plane crash in Connecticut in 2017 has settled a wrongful-death lawsuit against the flight school she accused of failing to maintain the aircraft. Terms of the settlement over the …
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corp., collectively referred …
Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems, but crime in the “decentralized finance” space continued to grow, a report from crypto intelligence company CipherTrace showed. Criminals got …
The U.S. Army Corps of Engineers announced the cost estimate for a flood prevention project in Hawaii has doubled, striking another blow to the effort. The Corps said a financial analysis on Friday has raised the cost of the Ala …
Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused particular attention on technology companies, including cyber-security firms entrusted to find malicious activity in their clients’ networks. Four cyber-security companies …
Dana Bjornson has been appointed chief financial officer at Kansas City-based Lockton’s digital insurance broker, Mylo. Bjornson brings over 25 years of financial innovation, including leading new business development and mergers and acquisitions. He previously served as executive vice president, …
Gov. Greg Abbott, looking to show an early contrast with President Joe Biden, visited the Permian Basin on Jan. 28 and announced a series of steps the state would be taking to push back against the new Democratic administration when …
National General Holdings Corp., a specialty personal lines insurance holding company owned by Allstate, has expanded its private flood product, Beyond Floods, into 13 additional states. The product offers coverage to homeowners with a focus on local, analytical, personalized flood …
Minnesota House Democrats have teamed up with meatpacking workers to announce legislation that would protect individuals who work at statewide meatpacking and food processing plants amid the coronavirus pandemic. The bill, authored by Rep. Dan Wolgamott, of St. Cloud, would …