Risk
U.S. Shale Drillers Confront Insurance Gaps With Oil Price Plunge
Tumbling oil prices have exposed a weakness in the insurance that some U.S. shale drillers bought to protect themselves against a crash. At least six companies, including Pioneer Natural Resources ...
Sea Level Rise May Come Faster, Greenland Ice Sheet Study Says
The Greenland Ice Sheet is the second-largest body of ice on Earth. It covers an area about five times the size of New York State and Kansas combined, and if it melts completely, oceans could rise by ...
China Establishes Debut Insurance Fund for $2.1 Trillion Trust Industry
China on Friday set up its first insurance fund for its $2.1 trillion trust industry in a move to reduce financial risk in shadow banking, the country's banking regulator said. The fund, jointly ...
Investors Aren’t Impressed by XL Group’s Proposed Catlin Acquisition
XL Group plc's acquisition discussions with Catlin for a rumored $3.97 billion-plus aren't exactly wowing investors. Media outlets reported that the insurer and reinsurer's stock dropped nearly 4 ...
Farmers Mutual Hail Will Buy Deere’s Crop Insurance Unit
Deere & Co., the world's largest manufacturer or agricultural machinery, agreed to sell its crop insurance segment to Farmers Mutual Hail Insurance Co. of Iowa, retreating from a business that ...
U.S. Vehicle Theft Rate is Plummeting: NICB
If you own a vehicle, your chances of having it stolen today are significantly less than at any other time since 1960, according to an analysis by the National Insurance Crime Bureau, which compared ...
Berkshire Hathaway Arm Unveils Asset Management Liability Policy
Berkshire Hathaway Specialty Insurance has added asset management liability insurance to its Professional First suite of professional liability products. The policy provides clear and customizable ...
New York to Ban Fracking After Health Department Calls It Unsafe
The New York state Health Department said fracking for natural gas can't be done safely, dooming prospects that Governor Andrew Cuomo will end a six-year moratorium. Acting Health Commissioner Howard ...