Nirvana Insurance Secures $80M for Trucking Insurance AI Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round, valuing the company at nearly $850 million. The round was led by General Catalyst with continued support …
NASHVILLE, Tenn. (AP) — A fiery small plane crash in Tennessee last year that killed a Canadian family of five was most likely the result of an error by the father, who was piloting the plane, according to a National …
Pilot Error Likely Caused Small Plane Crash That Killed Family in Tennessee Read More »
Adds background on case in paragraphs 3-13 By Nate Raymond March 10 (Reuters) – The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to block five Democratic-led states from pursuing lawsuits accusing major …
Supreme Court Nixes Challenge to State Climate Suits Against Oil Firms Read More »
French households, businesses and local authorities will face soaring costs for insurance if the country fails to adapt to a changing climate, the government said Monday. The cost of climate disasters may double in the 30 years through 2050, reaching …
France Warns of Soaring Insurance Costs From Climate Change Read More »
Bayer has told U.S. lawmakers it could stop selling Roundup weedkiller unless they can strengthen legal protection against product liability litigation, according to a financial analyst and a person close to the matter. Bayer has paid about $10 billion to …
Bayer Threatens to Stop Roundup Weedkiller Sales in US Over Litigation Costs Read More »
Arthur J. Gallagher & Co. announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed. Philinsure is a commercial …
Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure Read More »
The cockpit voice recorder was not working on a medical transport plane that killed seven people when it plummeted into a Philadelphia neighborhood in January and likely had not been functioning for several years, the National Transportation Safety Board said …
Medical Plane’s Voice Recorder Likely Not Working for Years Before Crash Read More »
Brazilian state-run insurance firm Caixa Seguridade said late on Sunday it had filed for a follow-on share offering that will comprise a secondary sale of stock owned by controller Caixa Economica Federal. The move was widely expected since the company …
Brazil Insurer Caixa Seguridade Files for Secondary Share Offering Read More »
Citigroup Inc. was fined 500,000 Swiss francs ($568,000) by Switzerland’s stock exchange regulator for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022. The total value of the erroneous trades executed on the …
Citi Fined by Swiss Exchange Regulator Over 2022 Fat-Finger Flash Crash Read More »
Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc. Gallagher said it is actively responding to the request and expects that …
Regulators Ask Gallagher for More Information on $13.4B AssuredPartners Acquisition Read More »
