Lessons of Reinhart-Rogoff: Lawrence Summers

The economics commentariat and no small part of the political debate in recent weeks has been consumed with the controversy surrounding the work of my Harvard colleagues (and friends) Carmen Reinhart ...

AIG Reports P/C Underwriting Profit for Q1

American International Group Inc.'s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher ...

European Central Bank Cuts Main Interest Rate

The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation. The ECB ...

Allianz Denies Florida Charges in Magnolia Failure

Allianz Risk Transfer (ART NY) has vowed to fight charges levied by Florida regulators that it contributed to the collapse of a domestic property insurer by seizing management control and saddling it ...

Software Glitch Shuts Down CBOE

A software glitch shut down the Chicago Board Options Exchange for half the day on Thursday, preventing trading in options on two of the U.S. stock market's most closely watched indexes and ...