Business interruption was rated as the most dire risk to global businesses in 2020, according to risk management experts in 92 countries surveyed by Allianz Global Corporate & Specialty. Allianz said in its annual Risk Barometer report that business interruption …
LONDON — The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totaling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday. The 400-meter, 224,000-tonne …
CAIRO — The shortest shipping route from Europe to Asia remained blocked on Wednesday as eight tug boats struggled to free one of the world’s largest container ships after it ran aground in the Suez Canal. GAC, a Dubai-based marine …
LAS VEGAS (AP) — Nevada has struck a $45 million settlement deal with McKinsey & Company for the global consulting firm’s role in advising opioid makers how to sell more prescription painkillers amid a national overdose crisis. The western state …
The National Weather Service has turbocharged its lagging forecast model to better predict extreme weather events such as hurricanes, blizzards and downpours, as well as day-to-day weather. By including much higher layers of the atmosphere, increased factoring of ocean waves …
SYDNEY (AP) — Heavy rainfall was forecast to ease across Australia’s east coast but floodwaters will linger for days across New South Wales state where 15,000 people were nervously waiting on Tuesday for potential orders to evacuate. Some 18,000 residents …
SPRING VALLEY, N.Y. (AP) — A fire swept through a suburban New York assisted living home and caused a partial collapse early Tuesday, killing one resident and leaving another resident and a firefighter missing, officials said. Two other firefighters and …
LONDON (AP) — AstraZeneca’s release Monday of encouraging data about its coronavirus vaccine from its U.S. trial raised hopes that the drug company could put a troubled rollout behind it. But just hours after its announcement, American officials issued an …
An organization founded more than 40 years ago to combat arson as a method of insurance fraud decided that its mission has been accomplished and folded up shop last month. All of the resources of the Insurance Committee for Arson …
NEW YORK — Boston Scientific Corp. agreed to pay $188.7 million to settle claims by most U.S. states that it deceptively marketed its surgical mesh devices to consumers. The settlement with 47 states and Washington, D.C. was announced on Tuesday …