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Typhoon Koinu on Track to Hit Taiwan Before Heading to Hong Kong
Severe Typhoon Koinu will pass over the southern tip of Taiwan in coming days before heading toward Hong Kong in a weakened state, according to regional observatories. The storm will intensify into a super typhoon with maximum sustained winds near …
POSTED OCTOBER 03, 2023 8:13 AM |
MGA Skyrisks Officially Launches With Investment, Capacity From Convex Group
Skyrisks Ltd., the London-based MGA and specialist in the advanced air mobility (AAM) sector, has officially launched with capacity and a cornerstone investment from Convex Group, the specialty re/insurer. Financial details of Convex’s investment were not disclosed. Skyrisks said AAM …
POSTED OCTOBER 03, 2023 7:29 AM |
PE Firm Cinven Eyes Sale of German Life Insurer Viridium: Sources
Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was hit by heavy customer outflows earlier in the year, three people familiar with the matter told Reuters. The private equity …
POSTED OCTOBER 03, 2023 6:34 AM |
China Bars Executive at US Firm Kroll From Leaving Mainland: WSJ
China blocked a senior executive at US risk advisory firm Kroll from leaving the mainland, the Wall Street Journal reported, in the latest case of authorities imposing exit bans on the employees of foreign companies. Michael Chan, a Hong Kong-based …
POSTED OCTOBER 03, 2023 6:27 AM |
SMBC Aviation Receives Cash Insurance Settlement Over Jets Stranded in Russia
Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance settlement of $710 million for its jets previously leased to Russia’s state-owned airline Aeroflot. The lessor under Japan’s Sumitomo Mitsui Financial Group said the settlement …
POSTED OCTOBER 03, 2023 6:08 AM |
McDonald’s, Wendy’s Defeat Lawsuit Over Size of Burgers
McDonald’s and Wendy’s have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers. In a decision on Saturday, U.S. District Judge Hector Gonzalez in Brooklyn found no proof that the fast-food chains delivered …
POSTED OCTOBER 03, 2023 5:39 AM |
Appeals Court Blocks Venture Capital Fund’s Grant Program for Black Women
A federal appeals court on Saturday blocked a venture capital fund from moving forward with a program that awards funding to businesses run by Black women in a case by the anti-affirmative action activist behind the successful U.S. Supreme Court …
POSTED OCTOBER 03, 2023 5:15 AM |
Microsoft CEO Says Tech Giants Battling for Content to Build AI
Microsoft chief executive Satya Nadella said Monday tech giants were competing for vast troves of content needed to train artificial intelligence, and complained Google was locking up content with expensive and exclusive deals with publishers. Testifying in a landmark U.S. …
POSTED OCTOBER 03, 2023 5:03 AM |
Progressive Drops Some Agents, Non-Renews 100,000 HO and DP Policies in Florida
Almost two years after Progressive Insurance announced it would stop renewing some homeowners policies in Florida, Flo and crew have dropped another 100,000 HO and landlord policies in the state. The insurance giant and Florida regulators said Progressive had struck …
POSTED OCTOBER 03, 2023 5:01 AM |
Pennsylvania Borough Settles Lawsuits Over Shooting at High School for $11M
An $11 million settlement has been reached in federal lawsuits over police gunfire outside a high school football game near Philadelphia in 2021 that killed an 8-year-old girl and wounded others, an attorney for the girl`s family said. Attorney Michael …
POSTED OCTOBER 03, 2023 5:00 AM |
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