Insurance

South Africa Special Risk Insurance Association told clients it won’t pay claims for damage related to a collapse of the national electricity grid, Business Day reported, citing a circular from the company. The announcement by the state-owned insurer comes less …

GRAND RAPIDS, Mich. (AP) – Two workers were being treated for chemical burns Friday after one fell into a vat at a Grand Rapids electroplating plant, authorities said. The Grand Rapids Fire Department was sent on a hazardous materials call …

HOUSTON (AP) – Fire erupted at a petrochemical plant in the Houston area Friday, leaving five workers hospitalized and sending up a huge plume of smoke visible for miles. Emergency responders were called to help around 3 p.m. at the …

Artificial intelligence could pose a “more urgent” threat to humanity than climate change, AI pioneer Geoffrey Hinton told Reuters in an interview on Friday. Geoffrey Hinton, widely known as one of the “godfathers of AI,” recently announced he had quit …

The U.S. Securities and Exchange Commission (SEC) has issued its largest ever award of nearly $279 million to a whistleblower whose information helped the regulator’s enforcement action, it said on Friday. The regulator did not disclose the case concerned in …

Warren Buffett, whose economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over. The billionaire investor expects earnings at the majority of …

Atlanta-based Oakbridge Insurance Agency, which has continued to expand through the partnership model with smaller agencies around the South, announced it has added new agencies and offices in Mississippi. The expansion into the state includes Swoope Insurance, in Columbus, along …

When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics alike warned that it would mean higher premiums for thousands of property owners, especially in low-elevation coastal areas. Now, the …

A Greek shipping company has pleaded guilty and agreed to pay $2.25 million for violations of environmental laws that were carried out by the captain and chief engineer of one of its oil tankers, federal prosecutors said. The Galissas, owned …

A man who says he was repeatedly stunned with a Taser while handcuffed, including once in the face, is suing a Colorado sheriff’s department, alleging excessive force by two deputies and also a failure by leaders to train and discipline …