Global Economy
JetBlue Discloses Plans to Become First Carbon-Neutral U.S. Airline
JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry ...
Australia’s Bushfire Crisis Causes Business Interruption Chain Reaction
Australia's deadly bushfire crisis is affecting some of the nation's biggest companies including dairy producer Bega Cheese Ltd. and airline Qantas Airways Ltd. Bega led declines on the benchmark ...
Climate Change, Cyber Warfare Top London Market Issues for 2020: IUA
Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in its business plan for 2020. The association said it is ...
Liberty Mutual Takes on Uber Coverage in Three Regions
Liberty Mutual Insurance will provide coverage for Uber drivers and passengers throughout New England, South Carolina and Puerto Rico as part of the company's 2020 auto insurance programs, which ...
China’s Anbang Insurance Seeks $3.9B From Sale of Stake in Rural Banks
Anbang Insurance Group Co., the once-acquisitive Chinese conglomerate that's under state control, is looking to offload stakes in a number of rural commercial banks as it continues to unwind its ...
MGA Clearcover Pulls in $50M Financing, With Designs on Becoming Full-Stack Carrier
Clearcover, a managing general agent whose artificial intelligence-driven platform focuses on auto insurance, has raised $50 million in new financing. The money is designed to accelerate further ...
Argo Achieves Détente With Activist Shareholder; Board Member Added, Two to Come
Argo Group International Holdings has achieved détente with an activist shareholder that complained about the company's board and executive compensation practices during much of 2019. The ...
Tesla Loses Effort to Block Lawsuit Claiming Racism at California Factory
A federal judge rejected Tesla Inc's effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a ...