Insurance
Norway’s $1.35 Trillion Wealth Fund: We Won’t Back Boards Who Fail on Climate
Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting against board members it deems are not doing enough on the issue, it said on Thursday. Investing the state’s revenues …
Read More European Medicines Agency Committee Starts Safety Review of Cold Medicines
A European Medicines Agency (EMA) committee said on Friday it has started a review of decongestant medicines for cold and flu that contain the ingredient pseudoephedrine following safety concerns. The EMA said the review was due to reports of conditions …
Read More India’s Kotak Mahindra Bank Weighs Sale of Stake in General Insurance Unit: Sources
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with an adviser on the potential sale of a …
Read More Viewpoint: Used-Vehicle Prices May Be Cresting but Insurers Still Underwater
“It was the best of times, it was the worst of times” would be an apt description of the last few years for auto insurers. Immediately after a nationwide, months-long driving hiatus caused collisions to plummet and profits to surge, …
Read More Cyclone Gabrielle Hits New Zealand Leaving Thousands of Homes Without Power
Tens of thousands of homes in northern New Zealand are without electricity as a powerful cyclone begins lashing the South Pacific nation, bringing high winds and intense rainfall. Cyclone Gabrielle is tracking north-east of New Zealand and the center of …
Read More Car-Data Firms Flop as Automakers See Dollar Signs in Software
Auto companies promising billions in new software revenue by the end of the decade have been hiring engineers left and right, poaching executives from tech giants and trying to figure out how to process and monetize the oodles of data …
Read More Governor Names Yaworsky New Florida Insurance Commissioner
Florida’s governor has named the insurance department’s former chief of staff as new insurance commissioner, filling a position that has been vacant since the former commissioner resigned in late December. Michael Yaworsky, now vice chair of the Florida Gaming Control …
Read More Two Arrested in Homemade Bombing of Georgia Woman’s Home
Georgia authorities have arrested two men, a month after a homemade bomb destroyed part of a home near Savannah. Caleb Kinsey, 33, and Stephen Glosser, 36, were apprehended last week after an investigation into the bombing at the Richmond Hill …
Read More Federal Investigators Subpoena Pilots Over Close Call at JFK Airport
Federal investigators said Friday they have issued subpoenas to force the pilots of an American Airlines jet to sit for recorded interviews about a close call on a runway at New York’s Kennedy Airport last month. The National Transportation Safety …
Read More Cinematographer’s Ukrainian Relatives Sue Baldwin over New Mexico Set Shooting
The Ukraine-based relatives of a slain cinematographer are seeking damages in her death from actor Alec Baldwin in connection with a fatal shooting on the set of a Western movie, under a civil lawsuit filed Thursday in Los Angeles. The …
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