Global Economy
Risks Rise Significantly for Company Execs Seeking D&O Cover
The range of risks facing company executives, or directors and officers (D&Os), has increased significantly in recent years along with resulting insurance claims, according to a report published ...
Facing Thousands of Lawsuits, J&J Claims New Tests Show Asbestos-Free Baby Powder
Johnson & Johnson said on Tuesday that recent tests showed that Johnson's Baby Powder was free of asbestos, after U.S. Food and Drug Administration investigations reported trace amounts of the ...
U.S. Regions Struggling With Opioids Pursue Own Lawsuits, Ditch Class Action
Local governments in regions hard hit by the U.S. opioid epidemic have opted out of massive litigation taking aim at the drug industry over the crisis, potentially weakening a novel legal mechanism ...
Ping An’s One Connect Arm Goes Public in U.S. With Reduced Targeted Offering
Ping An Insurance's OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size and valuation. The unit of ...
Price Disputes Stall Generali’s Talks to Buy MetLife Europe Assets
Assicurazioni Generali SpA's talks over the purchase of MetLife Inc.'s European assets have stalled over price, people with knowledge of the matter said. The Italian insurer was preparing to make a ...
Passion Makes for Happier Employees and More Successful Companies
In the workplace, a sense of duty is one thing. Passion may be more valuable quality to strive for, however, for employees and the executives who supervise them. A recent posting at the Chief ...
The Latest Launches From BHSI and Cyberscout
Berkshire Hathaway Specialty Insurance is launching a new Commercial Crime Insurance product in Asia. Cyberscout said it is expanding its Global Incident Response offering. *** Berkshire Hathaway ...
Climate Change Stress Tests Coming in France for Insurers, Banks
France's financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy de Galhau said on Friday. Investors are increasingly ...