Insurance

Insurance companies must compensate aircraft lessors and owners for planes that Russia seized when it took counter-sanction measures after the invasion of Ukraine, a UK judge ruled potentially leaving insurers on the hook for billions in payouts. The verdict comes …

The US Food and Drug Administration said more than 20 million eggs have been recalled after 21 people were hospitalized with salmonella. The eggs, distributed by the August Egg Company, were sold to retailers including Walmart Inc. and Safeway Stores …

Apollo Global Management Inc. said high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years. Australia’s superannuation system, which will be the world’s second-largest pension by 2030, and Japanese savers that …

Aurora, the London-based digital managing general agent, has launched a property owners insurance product, aiming to enhance the way brokers access and place property risks. The new product, backed by Lloyd’s, leverages Aurora’s digital insurance platform and real-time data enrichment …

The U.S. Department of Labor has recovered $101,690 in back wages and damages owed to 31 employees of a Houston plumbing contractor who paid them a salary but failed to pay an overtime premium for hours over 40 in a …

A salmonella outbreak linked to a large egg recall has made dozens of people sick in seven states in the West and Midwest, federal health officials said Saturday. The August Egg Company recalled about 1.7 million brown organic and brown …

Proliferating conflict zones are an increasing burden on airline operations and profitability, executives say, as carriers grapple with missiles and drones, airspace closures, location spoofing and the shoot-down of another passenger flight. Airlines are racking up costs and losing market …

The European Union proposed a ban on the Nord Stream gas pipelines and the reduction of an oil price cap as part of a new sanctions package that aims to pile pressure on Moscow to end its war against Ukraine. …

Hainan Island is bracing for the first typhoon of the season in the western Pacific, with the storm expected to dump heavy rain across parts of southern China as the system nears the coast. The tropical depression — named Wutip …

he Trump administration will propose scrapping Biden-era climate mandates requiring the nation’s power plants to curb planet-warming greenhouse gas emissions as soon as Wednesday, according to people familiar with the matter. The Environmental Protection Agency is also set to advance …