Risk
One Solution to British Flooding Woes: Build Outside Flood Zone
Tighter construction restrictions and incentives to build outside flood-prone areas would minimize damage to the U.K. economy from heavy rain and rising water levels, according to the Centre for ...
China Insurers Launch Investment Firm, Finance Russia Natural Gas Project
More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure ...
U.S. Sues Volkswagen for Cheating on Emissions Testing
The Justice Department sued Volkswagen AG, accusing the German automaker of installing illegal devices meant to defeat emissions testing on nearly 600,000 vehicles, marking another blow against the ...
Natural Disaster Insurance Claims Plunged in 2015, but Climate Change Hurt: Munich Re
Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich ...
Jan. 1 Renewals Continue Reinsurance Downward Pricing Spiral: Willis Re
Reinsurers dealing with Jan. 1, 2016 renewals are seeing continued pricing declines in most cases, with no end in sight to the years-long trend, Willis Re asserted in a new report. The situation is ...
Farmers Debuts Rideshare Insurance in Oklahoma and Ohio
Farmers Insurance has started offering rideshare insurance in Oklahoma and Ohio, a move that dovetails with new laws in both states dictating coverage for ridesharing drivers. Farmers said it worked ...
Why Buffett’s 50th Year Running Berkshire Hathaway Disappointed Investors
Berkshire Hathaway Inc. investors had plenty to celebrate at the start of 2015. It was Warren Buffett's golden anniversary running the company, which had grown under his watch from a struggling ...
New York AG Seeks Return of Fantasy Sport Site Money
New York Attorney General Eric Schneiderman on Thursday filed an amended lawsuit against DraftKings and FanDuel asking the daily fantasy sports companies to give back all the money they made in New ...