A community bank in Rhode Island agreed to pay $9 million to resolve allegations that it engaged in lending discrimination by redlining majority-Black and Hispanic neighborhoods, a U.S. attorney announced Wednesday. A complaint accused Washington Trust Company of failing to …

Six young people from areas in Portugal ravaged by wildfires and heatwaves went head-to-head with 32 European governments on Wednesday, alleging in court that their failure to act fast enough on climate change is a violation of their human rights. …

On a sunny day off the southern coast of Greece last week, two aging tankers nestled next to each other while one pumped oil to the other. As far as global satellite tracking systems could tell, it never happened. The …

American International Group announced that Patricia (Trish) Walsh will join AIG as executive vice president and general counsel, effective Dec. 1, 2023. Walsh will report to Peter Zaffino, AIG chairman and chief executive officer, and serve on AIG’s Executive Leadership …

BMS Group, the London-based independent specialty re/insurance broker, announced it has appointed reinsurance executive, Emmanuel Clarke, as chairman, effective Sept. 28, 2023. Clarke succeeds John Hastings-Bass, who remains with BMS as chairman of its UK and International operations. Formerly president …

European authorities are investigating whether popular weight-loss and diabetes drugs including Novo Nordisk A/S’s Wegovy may be linked to complications during anesthesia. The European Medicines Agency’s safety committee, PRAC, is discussing the potential safety issue during its meeting this week. …

Royal Philips NV shares continued their decline after news reports claimed the Dutch company was slow to act on complaints about its machines designed to treat sleep apnea. Philips Respironics first received complaints about its CPAP machines and ventilators in …

Allianz’s Chief Financial Officer Giulio Terzariol is set to leave his post at the German group to take a top job at Italy’s biggest insurer Assicurazioni Generali, two Italian newspapers reported on Friday. Dailies la Repubblica and La Stampa reported …

A U.S. civil rights agency sued Tesla Inc. on Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, California, assembly plant, in charges similar to cases brought by the state and by Tesla …

The lawyer representing victims of a fatal crash of a Tesla Model 3 car in his opening statement in court on Thursday blamed the company’s Autopilot driver assistant system, saying that “a car company should never sell consumers experimental vehicles.” …

Bain Capital is weighing a deal for CCC Intelligent Solutions Holdings Inc., the car-insurance software provider controlled by Advent International, according to people familiar with the matter. Bain is among suitors that have expressed interest in acquiring the Chicago-based company, …

Additional arrests are expected after a 41-year-old south Florida claims adjuster was charged this week in an elaborate scheme that allegedly rang up more than $11 million in fraudulent insurance payments to hundreds of co-conspirators. Florida’s Department of Financial Services …