Risk
German State of Bavaria Source of VW’s Latest Emissions Scandal Suit
The German state of Bavaria said on Tuesday it would sue Volkswagen for damages caused by its emissions-test cheating scandal, the first regional government in VW's home country to take legal action ...
FDA Moves to Protect Blood Supply After Florida Zika Reports
The U.S. Food and Drug Administration has ordered blood banks in Florida's two most densely populated counties to stop collecting blood as health officials determine whether Zika has begun ...
Kemper Wins A.M. Best Ratings Affirmation, Plus Warnings of Limited Growth
Kemper Corp. won some ratings affirmation validation from A.M. Best, but that good news is paired with a warning of the insurer's limited growth potential down the line. A.M. Best affirmed the ...
Judge Allows Bear Stearns Shareholder Lawsuit to Proceed
A federal judge sharply criticized statements and actions by former executives of Bear Stearns Cos in the final days of the investment bank, saying important information was "withheld from the ...
The Hanover Barely Ekes Out Q2 Profit, Thanks to Losses at Lloyd’s Chaucer Arm
The Hanover Insurance Group barely eked out a profit in the 2016 second quarter; large losses and catastrophe hits sustained by its Chaucer division are generally to blame. Net income came in at $2 ...
Apple Asks SCOTUS to Rule Against Samsung Over Patents
Apple Inc on Friday asked the U.S. Supreme Court to clear the way for the iPhone maker to secure hundreds of millions in damages from Samsung Electronics Co Ltd in a case over smartphone design ...
Sports-Related Brain Injury Insurance Claims Poised to Spike: S&P
Insurance claims could spike for sports-related brain injuries in the U.S. and U.K., thanks to increased awareness in both countries and a high-profile settlement involving National Football League ...
AXA, China Online E-Commerce Giant Alibaba to Explore Distribution Partnership
AXA is hoping to get into the global e-commerce game through a new partnership formed with China's online marketplace giant Alibaba. The arrangement actually involves three parties: AXA, Alibaba and ...