Sony’s CEO said on Thursday the spin-off of the group’s financial services arm will give that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundraising capabilities while continuing to …

Hiscox Ltd., the Bermuda-based specialist insurer, announces the appointment of Peter Clarke as chair designate, subject to regulatory approval. Clarke will join the board as chair designate on June 1, 2025 and will succeed Colin Keogh as chair with effect …

The former director of a firm at the center of a global investigation into bogus airplane parts was charged with fraud by UK authorities. The Serious Fraud Office charged AOG Technics Ltd.’s director, Jose Alejandro Zamora Yrala, with fraudulent trading, …

Tesla Inc. is poised to begin its long-awaited robotaxi service in Austin on June 12, according to a person familiar with the matter, a milestone in Elon Musk’s plan to reshape the company around driverless vehicles and artificial intelligence. The …

Missouri lawmakers are to kick off a special session Monday to consider aid for tornado victims and a package of financial incentives aimed at keeping the Kansas City Chiefs and Royals from leaving the state for new or improved facilities …

The Michigan Supreme Court on Wednesday dismissed appeals by families of students killed or wounded at Oxford High School in 2021, ending efforts to hold employees partly responsible for the mass shooting. Under Michigan law, immunity is a high hurdle …

When Michael Balarezo emerged from the basement office of his Boulder, Colo., home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife and daughter swiftly stowed emergency clothing, sensitive documents and …

A cargo ship that ran aground in a Norwegian fjord and narrowly missed a house, was pulled back into open water and was being towed to a nearby harbor on Tuesday — five days after the spectacular accident. A tugboat …

The Trump administration said on Wednesday it has agreed to end the U.S. Transportation Department’s consideration of race or gender when awarding billions of dollars in federal highway and transit project funding set aside for disadvantaged small businesses. A judge …

The reinsurance industry has shown significant improvements in operating performance in recent years. Despite facing substantial insured natural catastrophe losses globally, reinsurers achieved robust earnings growth in 2023 and 2024 exceeding their cost of capital. This is largely attributed to …

No place is more vulnerable to hurricanes in the 50 U.S. states than the Florida Keys. The chain of islands celebrated by singer Jimmy Buffett in his odes to tropical escapism is surrounded by water, jutting out 120 miles southwesterly …

A lawsuit filed by the parent company of Florida-based Trident Reciprocal Exchange charges that the insurer’s former CEO and co-founder secretly funneled more than $400,000 to her and her husband’s accounting firm for computer services that turned out to be …

Canadian property and casualty insurer Definity Financial’s $2.4 billion purchase of Travelers Cos.’ Canadian business could spur a wave of consolidation in Canada’s insurance sector, its CEO said. The deal announced Tuesday will establish Definity as the fourth-largest property and …

Hawaii’s governor signed legislation this week that boosts a tax imposed on hotel room and vacation rental stays in order to raise money to address eroding shorelines, wildfires and other consequences of climate change. The signing, which comes nearly two …

The federal Occupational Safety and Health Administration (OSHA) has reached a settlement agreement with a New Jersey commercial bakery where an employee suffered partial finger amputations in 2023. The company, Valenti’s Bakery, has agreed to pay a $180,000 penalty and …

Homeowners in California and Oregon in high-risk wildfire areas can earn discounts on insurance premiums through a new certification program to take mitigation steps to reduce risk. Mercury Insurance partnered with the Insurance Institute for Business and Home Safety to …

Joint law enforcement operations in Bakersfield, Oakland, and San Bernardino have made 6,727 arrests, recovered 4,842 stolen vehicles and confiscated 313 dangerous firearms, according to an announcement from Gov. Gavin Newsom’s office. The ongoing joint law enforcement operations took place …

Third Generation Joins Sgroi Lawley Group LLC Timothy Sgroi joined the team at Sgroi Lawley Group LLC, headquartered in Seneca, New York. Timothy Sgroi is the son of partner Patrick Sgroi and represents the third generation of the Sgroi family …

Premiere Rehab (doing business as Infinity Rehab), a rehabilitation and therapy service provider with locations in 18 states, including Minnesota, has agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. …

Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be …