Insurance

Sompo International, a global provider of commercial and consumer property/casualty re/insurance, announced the expansion of its operations in Switzerland with the granting of a Swiss insurance branch license to write primary insurance by the Swiss Financial Market Supervisory Authority (FINMA), …

The Texas market for auto and homeowners insurance grew double digits in 2022, according to an annual report put out by the Texas Department of Insurance. Texas insurers reported direct premium written for private passenger auto of $26.3 billion in …

BMS, the London-based independent specialist re/insurance broker, announced it has entered into an agreement to acquire a majority share in Berns Brett Masaood (BBM), a leading UAE insurance broker established in 2007 and headquartered in Abu Dhabi and Dubai. Financial …

Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from U.S. and Chinese tech companies. The vehicle data tussle between carmakers and a coalition …

Australia’s competition regulator said it was unconvinced a planned A$4.9 billion ($3.32 billion) buyout by Australia and New Zealand Banking Group Ltd. of a smaller rival would bring public benefits, in a blow to one of the year’s biggest deals. …

German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources with knowledge of the matter said, indicating that its revival has not been ruled out after an alleged sabotage attack. …

Dollar General Corp.’s stores are as ubiquitous in small-town America as Starbucks cafes in cities and suburbia. And just like the coffee giant, it’s facing increasing criticism over worker treatment that could disrupt one of the retail industry’s most successful …

TOPEKA, Kan. (AP) – Abuse survivors and advocates who’ve pushed for legislation making it easier in Kansas to prosecute abusers and file lawsuits decades later have achieved a breakthrough in the Legislature, where the proposal is advancing quickly. The bill …

A Delaware judge on Monday dismissed Merck & Co’s lawsuit seeking to hold Bayer AG responsible for more talc-related liabilities stemming from its $14.2 billion purchase of Merck’s consumer care business in 2014. Vice Chancellor Nathan Cook of the Delaware …

A federal jury in San Francisco on Monday ordered Tesla Inc. to pay about $3.2 million to a Black former employee after the electric-vehicle maker was found to have failed to prevent severe racial harassment at its flagship assembly plant …