Insurance

Major U.S. drug distributors McKesson Corp., AmerisourceBergen Corp., and Cardinal Health Inc. are not responsible for fueling an opioid epidemic in a part of West Virginia, a federal judge ruled on Monday. U.S. District Judge David Faber rejected efforts by …

FBI, Homeland Security and New York police officials have charged nine defendants including gang members with a violent racketeering and extortion conspiracy in attempting to take over an entire industry designed to help victims after a fire. The defendants, who …

Generali has completed the acquisition of La Médicale from Crédit Agricole Assurances, following receipt of the necessary approvals from relevant regulatory and competition authorities, for €435 million (US$453.8 million) The acquisition, which was first announced in February, also includes the …

Twenty-one crew members remain aboard a bulk carrier which lost power in turbulent waters near Sydney, after overnight rescue attempts failed. The MV Portland Bay, which has been without power since early Monday, has been off the coast of New …

Howden, the London-based insurance broker, announced the acquisition of Wallace McLean, which further strengthens its local expertise and provides an enhanced platform for its strategic growth plans in New Zealand. Wallace McLean was founded in 2001 and is a well-established …

Ardonagh Europe Ltd., the Dublin-based subsidiary of The Ardonagh Group, announced it has agreed to acquire Léons Group, an independent family-owned insurance brokerage and consultancy firm in the Netherlands. Headquartered in Amsterdam and founded in 1951 by Max Léons, Léons …

ROME – An Italian court has thrown out requests to unfreeze billionaire Alexey Mordashov’s yacht which was seized by the police as part of a drive by Western states to target wealthy Russians after the invasion of Ukraine. Mordashov’s 65 …

Chinese search and rescue officials pulled 12 bodies on Monday from waters southwest of Hong Kong after an engineering vessel snapped in two as tropical storm Chaba passed through, state television said. Maritime authorities of the southern province of Guangdong …

MELBOURNE — Torrential rain is lashing Australia’s southeast coast, forcing thousands of people from their homes because of the danger of floods and landslides in a region battered by major flooding four times in the past 18 months. Some areas …

For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a recently released report. While the reinsurance market remained stable on the casualty side, property …