Insurance

The Florida House of Representatives has approved a bill that would stiffen penalties for catalytic converter theft and would make it easier to prove intent. Senate Bill 306 now goes to the governor for his signature. The full Senate also …

A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks to Canada’s financial system this fiscal year, the country’s financial regulator said on Tuesday [April 18]. The Office of the …

Insurer Aviva Plc has canceled its membership of the Confederation of British Industry amid a widening scandal at the lobby group Aviva said the CBI was no longer able to represent corporate Britain “in light of the very serious allegations …

Argo Group International Holdings Ltd. announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. to acquire Argo in an all-cash transaction valued at approximately $1.1 billion. The merger remains subject to other customary closing conditions, including …

The record heat and drought hurting European farmers, power utilities and insurers foreshadows even faster change to the continent’s climate, with scientists warning that feedback loops from a drying Earth likely will lead to dangerously high temperatures again this year. …

An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul of a Group of Seven price cap relating to the transportation of the nation’s barrels. Gatik Ship Management lost so-called …

With recent troubles in the banking sector having only minimal impact on his company’s specialty lines results, the chief executive of Travelers devoted a few minutes of an earning conference to describing how insurers stand apart from banks. “There’s no …

Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp. in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. The Swiss lender is trying …

Capita Plc, one of the UK’s biggest outsourcing companies, said that customer data may have been stolen during a recent cyberattack. There is “currently some evidence of limited data exfiltration from the small proportion of affected server estate which might …

A fire that broke out at a Massachusetts church not long after Easter services is being investigated as a possible arson, according to the FBI and state and local law enforcement agencies. The fire started about 5:30 p.m. April 9 …