The California Department of Insurance, State Farm, Consumer Watchdog agreed on rate request from the carrier to raise homeowners rates. The interim rate of 17% will remain in place, meaning there will be no additional impact to policyholders beyond the …
State Farm California Homeowners 17% Rate Hike to Remain Read More »
A viral image from the March 1 shooting in downtown Austin — an autonomous vehicle blocking an ambulance from reaching the scene where a gunman fatally wounded three people and injured 15 others — has put a spotlight on driverless …
Austin Shooting Response Raises Fresh Questions About Self-Driving Cars Read More »
Authorities searched through rubble and debris in southern Michigan on Saturday after suspected tornadoes tore through the region and killed four people, including a 12-year-old boy, during powerful storms also blamed for two deaths in eastern Oklahoma. First responders from …
Authorities Search Debris After Suspected Tornadoes Kill 6 in Michigan, Oklahoma Read More »
Live Nation Entertainment has reached a proposed settlement with the U.S. Justice Department, according to a court hearing on Monday. In the same hearing, it was disclosed that Live Nation is also in talks with state attorneys general to secure …
Live Nation Reaches Settlement With DOJ in Antitrust Case Read More »
A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first large oil tankers to leave the Persian Gulf since traffic through the vital chokepoint all but halted. The …
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off Read More »
Many of Asia’s richest families are reconsidering their exposure to Dubai as the Iran war rattles the city that has attracted billions from across the region in recent years. Several consultants told Bloomberg News they are getting calls from clients …
Asia’s Rich Having Second Thoughts on Dubai as War Rages Read More »
Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war with Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes. Oil prices were trading more …
Airline Shares Battered, Airfares Surge as Iran War Intensifies Read More »
Zurich Insurance Group AG agreed to buy Assicurazioni Generali SpA’s RedClick unit for €337 million ($389 million) in cash to expand its non-life business in Ireland. The two companies announced the deal in separate statements Monday, confirming an earlier Bloomberg …
Zurich to Buy Generali’s Irish Unit for €337 Million in Cash Read More »
The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran. The US International Development Finance Corp. said Friday …
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow Read More »
The UK’s flood insurer of last resort says the country’s mortgage banks aren’t doing enough to prepare for the risks facing homeowners across Britain. “Their assumption is they don’t need to do anything,” Perry Thomas, chief executive of Flood Re, …
UK Banks Slammed by Flood Re’s CEO for ‘Ignoring’ Mortgage Risks Read More »
