Insurance

UK Prime Minister Rishi Sunak announced the creation of a framework for war-risk insurance backed by the Group of Seven and designed to encourage private investors to help rebuild Ukraine. Speaking at the opening of the Ukraine Recovery Conference in …

Russia is 99.9% certain to quit a U.N.-brokered deal on the safe wartime passage of Black Sea grain next month because it no longer needs Ukrainian ports to export ammonia, a senior Ukrainian diplomat said. The United Nations and Turkey …

Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to “Solvency II” capital rules for insurers, which it hopes will unlock billions of pounds to boost growth, will be implemented by the end of this year. …

McKinsey & Co. is beefing up its ethics department after a series of high-profile controversies, including helping Purdue Pharma LP “turbocharge” opioid sales. The management consulting giant is hiring for a newly created position with its global “ethics allegations management …

Root Inc’s former chief marketing officer – accused in a lawsuit by the company of syphoning $10 million from it – was ordered detained for contempt of court, and he will need to find another way to pay his attorneys. …

A company that makes air-bag inflators that have exploded in eight incidents involving two deaths and seven injuries argued Tuesday that it can’t say for sure whether its inflators might cause further such incidents. In a reply to the National …

A union organizer who was fired by Amazon was reinstated by the company after she filed a complaint with the National Labor Relations Board, according to the Retail, Wholesale and Department Store Union. The union had said earlier this month …

TransAmerica’s annuity and life insurance units have dodged a bullet and are not liable for their roles in a mentally challenged man giving away most all of his lifetime structured-settlement benefits, a federal appeals court decided. The U.S. 11th Circuit …

Childhood sexual abuse victims in Colorado will no longer be able to file lawsuits over abuse that happened decades ago, as the state Supreme Court struck down a law Tuesday that gave victims a three-year window to sue over abuses …

A third person has died following a head-on crash between two siblings in a rural town in western New York, officials said. Dahlia J. Klink, 24, was pronounced dead Sunday night from injuries she suffered after her younger brother crashed …