Insurance

The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters this week. The move follows the introduction of a new U.S. legislation that …

Images captured by a robotic probe inside one of the three melted reactors at Japan’s wrecked Fukushima nuclear power plant showed exposed steel bars in the main supporting structure and parts of its thick external concrete wall missing, triggering concerns …

An Australian government-backed service for victims of identity theft blasted a plan to toughen privacy laws amid an explosion of online data theft, saying it would spur compromised companies to pay ransom and invite more hacking. IDCare, a non-profit that …

The pandemic kickstarted the new wave of accepting and using innovative systems and methods in the insurance industry. It opened eyes to the ways that innovations and technology could do more than just efficiently get the work done. While the …

A crash involving three vehicles in coastal Georgia early Monday sent 14 people to the hospital with injuries, authorities said. The wreck happened about 3 a.m. in McIntosh County when an SUV traveling the wrong way struck a passenger van …

Specialty Program Group, a holding company established to acquire specialty insurance firms, has purchased the travel insurance service known as Squaremouth. Headquartered in St. Petersburg, Squaremouth offers travel insurance through a digital quote and comparison platform and has insured more …

Two workers were killed in a construction accident at New York’s John F. Kennedy International Airport on Monday, officials said. The Port Authority of New York and New Jersey, which runs the airport, said the two workers got trapped under …

South Carolina’s workplace safety agency “engages in egregious discrimination,” by failing to inspect industries with high percentages of Black workers, a union alleged in a federal complaint. The South Carolina Occupational Safety and Health Administration has neglected fields with more …

Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd’s of London. The multi-year arrangement initially will bring $20 million in new capacity to the perishable cargo market and will leverage Parsyl’s …

Water companies will incur unlimited fines for polluting rivers and the sea under new UK legislation to protect the environment, according to the Department for Environment, Food and Rural Affairs. Therese Coffrey, the environment secretary, will announce plans [this week] …