Insurance

BEIJING (AP) — A massive explosion at a chemical plant in northeastern China killed at least five people and left eight missing, state broadcaster CCTV said Monday. More than 30 other people were injured in the explosion Sunday on the …

UBS Chairman Colm Kelleher said traditional finance firms were “systemically safe” after years of increased regulation, but guardians of global financial markets had further to go to eradicate the risks posed by the non-banking sector. “Regulators have – with respect …

European planemaker Airbus said it had withdrawn from a U.S. government-named panel reviewing Boeing’s safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. The Federal Aviation Administration’s (FAA) …

California’s weather was calmer this week after weeks of atmospheric rivers that slammed the state with damaging rains, wind and surf that flooded homes, highways and farm fields, collapsed hillsides and toppled countless trees. Tallying the damage will take time, …

Leader Bank in Massachusetts reports it has launched a subsidiary, Leader Insurance, to provide property, auto, and umbrella insurance to its loan clients on its digital platform. According to Jay Tuli, president, Leader is offering insurance to clients in Massachusetts …

Newly sworn-in Pennsylvania Gov. Josh Shapiro is assembling his team and has selected Mike Humphreys to be the state’s insurance commissioner. Humphreys is no stranger to the Pennsylvania Insurance Department or community. He is currently serving as acting insurance commissioner, …

AM Best downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of California Earthquake Authority. The outlook of the Long-Term ICR has been …

Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. FTX has said it had recovered over $5 billion in crypto, cash and liquid securities, but that …

Richard Blodgett, a single father, was jailed on a drug charge when a worker from Arizona’s child welfare agency delivered the news: His son was brain dead and on life support, just days after being taken into state custody. Blodgett …

The board of directors for Tampa-based Heritage Insurance Holdings has authorized the repurchase of $10 million in shares from stockholders, marking the second buy-back plan in recent months. The super-regional company (HRTG on the New York Stock Exchange), made the …