The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses, which its lawyers said could help thousands of other policyholders. London International Exhibition Centre Plc took legal action at London’s …

ROUND LAKE, Ill. (AP) — Nineteen people have been hurt after a jail transport van collided Wednesday with another vehicle and struck a pole in northeastern Illinois. Sixteen prisoners were in the van that was traveling to the McHenry County …

The U.S. Transportation Department said on Thursday it is awarding $1 billion for a series of projects aimed at reducing traffic crashes, as road deaths remain sharply higher than pre-pandemic levels. The department separately on Thursday estimated that 18,720 people …

Alera Group said its president, Jim Blue, will become the firm’s chief executive officer, effective January 1, 2025. Blue will succeed Alan Levitz, who will become Alera Group’s Executive Chairman. Levitz’ focus will include identifying strategic partners to help advance …

JACKSON, Miss. (AP) — The state of Mississippi is suing drug manufacturers and pharmacy benefit managers alleging that opioids were over-prescribed. Attorney General Lynn Fitch, a Republican, filed the suit Thursday in Hinds County Chancery Court in the state capital …

Fitch Ratings announced that it shifted its outlook on the global reinsurance sector to neutral yesterday but the downward shift came with an expectation of continued profitability—and a forecasted combined ratio around 90 in 2025. The revision—from a prior outlook …

DETROIT (AP) — About 1,000 workers at a General Motors joint venture electric vehicle battery plant in Spring Hill, Tennessee, will get big pay raises now that they have joined the United Auto Workers union. GM and LG Energy Solution …

German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were meant to lower emissions. The initiatives, which were run by big international corporations and audited by European firms, allowed German …

A U.S. appeals court sided with four major book publishers that accused the nonprofit Internet Archive of illegally scanning copyrighted works and lending them to the public online for free and without permission. The 2nd U.S. Circuit Court of Appeals …

New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition. The report laid out dozens of potential financial improprieties and accounting problems at …

Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive, said the bank was trying to “manufacture” a reason to get rid of her, as both sides double down in …

Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim results in 17 years—does this mean the hard market cycle is ending? During a media briefing to discuss Lloyd’s results, …

Amazon.com sued a U.S. labor board on Thursday, accusing it of illegally interfering in a union election at a New York City warehouse and claiming the agency’s structure violates the U.S. Constitution. The lawsuit filed in San Antonio, Texas, federal …

Dish Network Corp., the ailing satellite-TV provider with more than $20 billion in debt, is in talks with a group of creditors to resolve a lawsuit tied to a controversial transfer of assets. A meeting between the company and investors …

Hershey urged a U.S. judge to dismiss a lawsuit claiming it misled consumers about several Reese’s peanut butter candies, using its request to level a broadside against what it considers baseless class action litigation over product packaging. In a Wednesday …

Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims than the 20-year average, reported the Insurance Bureau of Canada. About 228,000 home, auto and business insurance claims have been …

German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect more than 140,000 autos worldwide, a company spokesperson told Reuters on Monday. Around 39,000 vehicles could be affected in Germany, …

Sarasota-based FCCI Insurance Group will soon start writing excess and surplus lines across much of the country, the carrier announced this week. Florida, Georgia and Texas insurance agents can submit general liability and commercial excess business to FCCI Specialty Insurance …

The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% on average. The new lower rates will apply to voluntary market policies effective on or after …

A Philadelphia appeals court has upheld the $43.5 million award to former Philadelphia Eagles’ special teams player and captain Chris Maragos in his medical malpractice claim alleging that failed treatment of a knee injury ended his National Football League (NFL) …