Insurance

A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait escalated on Thursday, leaving millions of barrels of crude stuck. Late last month, Turkey insisted on proof that oil-carrying ships …

Zurich Insurance Group AG has emerged as the front-runner to buy a majority stake in the Malaysian insurance business of US insurer MetLife Inc. and Kuala Lumpur-listed AMMB Holdings Bhd., according to people with knowledge of the matter. A deal …

China’s Sunshine Insurance Group Co. declined in its trading debut after Hong Kong’s fourth-largest deal this year, potentially the last big listing in the Asian hub before the end of 2022. Shares of the Beijing-based firm dropped as much as …

Allstate’s chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier’s largest mutual competitor—State Farm—to move in the same direction. Speaking at the Goldman Sachs 2022 U.S. Financial …

Cybersecurity concerns will likely remain a focus for startup founders in 2023, according to the recent Embroker Cyber Risk Index: Startup Edition. The report said startup founders cited cybersecurity protections as one of their three non-negotiable areas of investment for …

North Carolina insurance executive and reported billionaire Greg Lindberg, now awaiting a second trial on bribery charges, says he has a buyer for his troubled insurance companies. But state regulators point out that liquidation proceedings have already begun. As of …

A year ago Saturday, one of the most powerful tornadoes to hit the United States ripped through western Kentucky with 190-mph winds, destroying multiple homes, businesses, a candle factory, churches, a county courthouse and a city hall — along with …

TOMS RIVER, N.J. (AP) — The German chemical company BASF will restore damaged natural resources at a notorious Superfund site where decades or pollution and illegal dumping caused vast contamination of the environment, New Jersey officials said Monday. The state …

GAITHERSBURG, Md. (AP) — A small plane that crashed into a Maryland electricity transmission tower last month was flying below minimum altitudes while approaching an airport in foggy nighttime conditions, according to a preliminary report on the crash. The pilot …

YUKON, Okla. (AP). – A small plane crashed near Oklahoma City, killing all three people who were on board, authorities said Tuesday. The Beechcraft Bonanza F33A crashed at around 9:20 p.m. Monday near Clarence E. Page Airport in Yukon, the …