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Business News: Greenlight Re, Ontellus, Munich Re

Greenlight Re Invests in Handdii Greenlight Re Innovations, a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Handdii, an insurtech based in Melbourne, Australia, provides …

Study Links Cheating on Spouse with Professional Misconduct

People who cheat on their spouses are a lot more likely to engage in misconduct in the workplace, according to a new academic study. The researchers looked at the records of police officers, financial advisers, white-collar criminals and senior executives …

Honolulu Authorities Investigate Arsons at 3 Waikiki Hotels

HONOLULU — Honolulu police said Wednesday surveillance video recorded images of the same man at three different high-rise hotels near Waikiki Beach where fires were intentionally set in recent days. Two rooms were burglarized while guests were evacuated from one …

PG&E Posts $2.6 Billion Loss Stemming From Bankruptcy, Wildfires

PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this year tied to wildfires that devastated the state in 2017 and 2018. The company, which didn’t provide an outlook for …

Tyson Bets on Robots to Fight Meat Industry Worker Shortage

When you visit a meat plant, humans are completing tasks like stacking pallets and packing chicken drumsticks. But Tyson Foods Inc. thinks robots can do it all. The U.S. meat giant is betting that automation and robotics can alleviate a …

Bayer Is Said to Seek $8 Billion Roundup Cancer-Claim Deal

Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, …

Enbridge Says Gap Opens Beneath Great Lakes Oil Pipeline

TRAVERSE CITY, Mich. — Erosion has created a gap beneath an oil pipeline in a key Great Lakes channel that’s wider than allowed under an agreement with the state of Michigan, oil transport company Enbridge Inc. said Wednesday. The Canadian …

Wildfire Threatens Idaho Hot Springs Resort Area Near McCall

BOISE, Idaho — Firefighters are trying to stop a wildfire from reaching a popular hot springs resort area with buildings dating to the late 1800s. Fire spokesman Jim Mackensen said Wednesday that nine fire engines are positioned at Burgdorf Hot …

Moody’s Says Wildfire Catastrophe Losses the New Normal in Calif.

California had long been a good bet for homeowners’ insurers, with most carriers having no problem recouping paid losses through premiums. But in 2017 and 2018, the state experienced six of the 10 most destructive wildfires in its history and …

University of Georgia Research Shows Simulators Reduce Police Car Crashes

Police car wrecks are the biggest risk management expense related to law enforcement, causing local governments to lose money. New research from the University of Georgia shows that a driver training program can result in big savings. Specifically, proper training …

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