Global Economy
In a First, D.C. Eyes Retrofitting or Removing All Flood-Prone Buildings by 2050
Washington is announcing a goal of retrofitting or removing all of its flood-prone buildings by 2050, the first major U.S. city to set such a policy. The proposal is part of a broader plan to protect ...
Climate Change Leads to Bark Beetle Outbreak in Central Europe’s Spruce Forests
Hot, dry summers are fanning an unprecedented outbreak of bark beetles that are destroying vast swathes of central Europe's spruce forests which define the region's landscape. Draft brought on by ...
Argo Shareholder Details Allegations of Excessive Corporate Jet Use
An activist Argo Group shareholder accuses the company of using a corporate jet for 1,500 flights in recent months and questions whether the trips were exclusively for business purposes. So goes the ...
SCOTUS Reinforces Company Power to Arbitrate Disputes
In a decision that could further help companies limit damages in disputes with workers, the U.S. Supreme Court on Wednesday ruled against a California man who was the victim of an online scam and ...
Analyst Slams Tesla’s Performance; Says Focus on Insurance, Robotaxis Is Distraction
Tesla Inc.'s latest first quarter was "one of top debacles" ever seen in 20 years of covering tech stocks on the Street, Wedbush analyst Daniel Ives said on Thursday. The analyst said the company's ...
Two Years Late, the P/C Insurance Market Is Finally Hardening: W.R. Berkley CEO
Two years after the property/casualty insurance market experienced historic catastrophe losses, it is finally showing signs of hardening, said W.R. Berkley Corp.'s president and CEO. W. Robert ...
Alternative Capital Grew Again in 2018 Even as Total Reinsurance Capital Dropped: Willis Re
While total dedicated reinsurance capital dropped in 2018, alternative capital continued its steady rise, according to a report published by Willis Re. Total dedicated reinsurance capital – which ...
Warm Pacific, Weak El Niño Are Soaking Midwest Farms, Slowing Commerce
American farmers raising their fists to the sky this year may be better off directing their ire toward the ocean. Abnormally warm water in the eastern Pacific, along with a weak El Nino along the ...