JetBlue’s $3.8 Billion Spirit Deal Challenged in DOJ Antitrust Suit March 7, 2023 By Leah Nylen and Mary Schlangenstein The US Justice Department challenged JetBlue Airways Corp.’s $3.8 billion acquisition of Spirit Airlines Inc. Tuesday, filing an antitrust lawsuit...
Should a State Surcharge Insurers That Underwrite Fossil Fuel Risks? March 7, 2023 By Andrew G. Simpson Connecticut lawmakers are considering imposing a surcharge on insurers’ premiums from the fossil fuel industry. The proposal (SB-1115) calls for...
Yellen Warns Climate Change Could Trigger Asset Value Losses, Harming Economy March 7, 2023 By Andrea Shalal Climate change is already having a major economic and financial impact on the United States and may trigger asset value...
Aspire General Insurance Expanding into Arizona March 7, 2023 Rancho Cucamonga, California-based Aspire General Insurance Co. is expanding into the Arizona marketplace. According to Tyler Nicholson, vice president of...
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market March 7, 2023 Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon...
Head of UK Employer Group CBI Steps Aside Over Allegations March 7, 2023 The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body...
Markets/Coverages: Verlingue Launches Dedicated Media Practice in UK March 7, 2023 Verlingue Ltd., the UK chartered insurance broker, has established a dedicated media practice under plans to expand its presence in...
Climate Change to Cost Germany Up to €900B by 2050: Study March 7, 2023 Extreme weather caused by climate change could cost Germany up to 900 billion euros [$957.2 billion] in cumulative economic damage...
Ukraine Holds Online Talks With Partners on Grain Export Deal Extension: Source March 7, 2023 By Pavel Polityuk Ukraine has started online talks with partners on extending the Black Sea Grain Initiative aimed at ensuring Kyiv can keep...
20 Cars of Norfolk Southern Cargo Train Derail in Ohio March 7, 2023 SPRINGFIELD, Ohio (AP) – About 20 cars of a Norfolk Southern cargo train derailed near Springfield Saturday evening, the second...