Insurance

A Tennessee man was released on bond after he was indicted for allegedly collecting premiums then absconding with the money. Richard Darrel Wolfe, 67, of Hendersonville, was indicted by a Sumner County grand jury last week, charged with 14 counts …

The U.S. Centers for Disease Control and Prevention declared the multistate infant botulism outbreak linked to ByHeart powdered infant formula over on Feb. 26, while health officials continue investigating for the root cause of the contamination. The CDC and the …

The state of New Hampshire and a federal judge remain on a collision course over the fate of the state’s motor vehicle safety and emissions inspection program. An injunction against a new law that sought to abolish the mandatory inspection …

Zurich Insurance Group AG is nearing an agreement to acquire UK specialty insurer Beazley Plc and raise billions of dollars in equity to help fund the deal, according to people familiar with the matter. The Swiss insurer is likely to …

Crews in South Florida were trying to contain a wildfire in Big Cypress National Preserve that had burned more than 25,000 acres (100 square kilometers) near the immigration detention facility known as ” Alligator Alcatraz ” as of Wednesday. The …

Britain’s ultimate backstop against flood-related losses is planning to rely more on the capital markets, after its first ever catastrophe bond drew a lot of interest from specialist investors including hedge fund Fermat Capital Management. Flood Re, a state-backed insurance …

A large Chinese military drone has conducted regular flights over the South China Sea in recent months while transmitting false transponder signals that made it appear to be other aircraft, including a sanctioned Belarusian cargo plane and a British Typhoon …

Heavy rains that began Monday night have left dozens dead and caused widespread destruction in southeastern Brazil, exposing a longstanding structural problem of housing in high-risk areas vulnerable to seasonal downpours. Storms in the state of Minas Gerais caused rivers …

Treasury departments in global companies are struggling to adopt artificial intelligence tools, according to a Crisil Coalition Greenwich survey, underscoring how slowly the technology is penetrating a critical function in corporate finance. Crisil’s survey of 100-plus firms from the US, …

Amazon on Thursday lost its latest bid to try to throw out two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.41 billion) for allegedly abusing its dominant position. Andreas Stephan, a competition law academic, brought …