Industry News
EU Wants Post-Brexit Trade Deal in Place by January 2021
The European Union expects the U.K.'s post- Brexit transition period to last until the end of 2020 and is aiming for a trade deal to kick in immediately after that, according to a European Commission ...
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 ...
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 ...
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, ...
The Latest Launches From XL Catlin, Starr Companies and NIIT Technologies
XL Catlin's North America marine insurance business now offers insurance for marine contractors in the U.S. Starr Companies will start selling commercial drone insurance to members of the Academy of ...