Insurance

Former executives and directors of Pacific Gas & Electric have agreed to pay $117 million to settle a lawsuit over devastating 2017 and 2018 California wildfires sparked by the utility’s equipment. The settlement was announced by the PG&E Fire Victim …

Suspected Chinese hackers tampered with widely used software distributed by a small Canadian customer service company, another example of a “supply chain compromise” made infamous by the hack on U.S. networking company SolarWinds. U.S. cyber-security firm CrowdStrike said in a …

The European Union proposed making so-called pilot services exempt from sanctions targeting the transfer of Russian oil that are set to kick in this year to punish Moscow for its invasion of Ukraine. The exception, which would allow shipowners to …

Russia may start providing trade finance to importers of its grain as sanctions imposed on Moscow since it sent troops to Ukraine affect this financial instrument, Agriculture Minister Dmitry Patrushev said. Russia, the world’s largest wheat exporter, is working with …

A New York doctor last week pled guilty to performing unnecessary surgeries as part of a scheme by doctors and lawyers to obtain insurance reimbursements and other compensation from fraudulent trip-and-fall accidents, according to federal prosecutors. A litigation funding company …

When Hurricane Ian struck Florida’s Gulf Coast, it washed out the bottom level of David Muench’s home on the barrier island of Sanibel along with several cars, a Harley-Davidson and a boat. His parents’ house was among those destroyed by …

Human-induced climate change, long denied by some elected officials in the states pounded by Hurricane Ian, made the storm’s most extreme rainfall about 10% worse than it would have been without two centuries of greenhouse gas pollution, according to a …

At least 131 people died after police fired tear gas to dispel rioters at a soccer match in Indonesia, triggering a stampede as fans panicked and ending in one of the world’s worst stadium disasters. Questions are being raised over …

Singapore Telecommunications said on Monday it was assessing the potential cost of a massive cyber-security breach at its Optus arm, Australia’s second-largest telco, 12 days ago. In its second comment on the breach of private data from 10 million accounts, …

Assicurazioni Generali SpA is exploring a deal with US investment firm Guggenheim Partners to bolster its asset management business, according to people familiar with the matter. Italy’s biggest insurer has held informal talks on options ranging from a full acquisition …