A trial judge's decision to slam an insurance carrier with a $21 million bad-faith award was an assault on the industry and the state Superior Court was well within reason to toss the verdict, an attorney representing Nationwide argued before the Pennsylvania Supreme Court in the closely watched case, Berg v. Nationwide.

A recent report by the advisory board of the U.S. Federal Emergency Management Agency (FEMA) recommends using blockchain to expedite insurance payouts in the event of a disaster.

Two former officials of a Florida city are charged with conspiring with two businesses to bilk the federal government out of $5 million in Hurricane Michael cleanup money, the U.S. attorney's office announced Tuesday.

PG&E Corp. says it has found suspicious monetary claims by victims of California's wildfires, including one from a man who says a 500-pound (227-kilogram) emerald worth $280 million was destroyed at his home a year ago in the most destructive and deadliest wildfire in state history.

Japan's Nissan Motor Co Ltd (7201.T) has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a brake fluid leak could potentially lead to a fire.