Modeler EQECAT said Typhoon Megi is expected to cause $500 million to $1 billion in economic damages in China after having causing extensive damage and 27 deaths earlier in the week in the Philippines.

The New York Insurance Association named the 2000 Honda Civic the most frequently stolen vehicle in New York State for the third year in a row.

Brown & Brown said it has acquired a portion of Greystone Benefits Inc. of Berwyn, Pa., an employee benefits firm.

Tropical Storm Richard is expected to become a hurricane as it moves toward the Yucatan Peninsula in the next three days, said the National Hurricane Center (NHC).