Markets
Deadly Amtrak Crash at 50 MPH Over Limit Rekindles Safety Debate
The deadly Amtrak crash in Washington state marked the railroad's third fatal accident in as many years, putting the passenger rail operator under fresh scrutiny less than a month after safety ...
Offshore Oil Workers Allege Safety Lapses in Gulf of Mexico Platform Fire Suit
Three offshore oil workers filed a lawsuit against units of Royal Dutch Shell and Enbridge, seeking $1 million in damages for injuries they allegedly received during a Nov. 8 fire on a U.S. Gulf of ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
Travelers to Launch Dublin Subsidiary for Post-Brexit Business
Travelers will create a European subsidiary in Dublin in order to serve its customers in a post-Brexit market, the insurer disclosed. Travelers Europe announced it will launch the subsidiary in the ...
Lemonade Secures $120M in New Financing to Fuel Global Expansion
Digital insurer Lemonade Inc. announced a $120 million Series C funding round it will use to help accelerate a global expansion in 2018. SoftBank Group led the round, joined by existing investors ...
Berkshire Hathaway’s Stock Hits $300,000 for the First Time
Berkshire Hathaway Inc's stock price touched $300,000 for the first time on Monday, reflecting investors' confidence in Warren Buffett's conglomerate despite four straight quarters of lower operating ...
Navigators Eyes EU Expansion Through $41.2M Planned Purchase of Belgian Specialty Insurer
The Navigators Group agreed to pay $41.2 million for Belgian specialty insurer ASCO and a connected insurance underwriting agency, a transaction that will help expand its specialty insurance business ...
Calif. Wildfire Now 45 Percent Contained; Winds Cause Complications
California authorities have declared that the Thomas wildfire, which has been raging for two weeks in Santa Barbara and Ventura counties, is 45 percent contained. Is that reassuring or horrifying? ...
Holiday Disruption: 400 Delta Flights Scrapped in Second Day of Atlanta Cancellations
Delta Air Lines Inc. and other carriers worked to get thousands of stranded passengers onto planes after a major electrical disruption in Atlanta crippled service at the world's busiest hub, ...