Global Economy
Climate Change Lawsuits Against 5 Oil Companies Dismissed by U.S. Court
A California federal court dismissed climate change lawsuits against five oil companies by the cities of San Francisco and Oakland, saying the complaints required foreign and domestic policy ...
Corporate Britain Warns: Slow Brexit Negotiations Place Thousands of UK Jobs at Risk
Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.'s five main business lobbies urged her to make progress in the negotiations or risk ...
Wells Fargo Settles Phony Bank Account Scandal for $142M
Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening ...
Oil Companies Seek Dismissal of Suit Holding Them Liable for Global Warming Damages
Lawyers for major oil companies on Wednesday urged a federal judge to throw out a lawsuit filed by New York City seeking to hold them financially liable for damages caused by global warming. Theodore ...
After a Sluggish Decade, Engineering Insurance May See New Growth: Swiss Re
Engineering insurance is one casualty of the 2008 financial crisis that continues to have a sluggish recovery, according to Swiss Re's latest sigma report. Swiss Re said that stagnant premiums for ...
Executives On the Move at AmTrust, Chubb and Everest Re
AmTrust Financial Services has a new Group chief Underwriting Officer. Chubb appointed an executive to lead the financial lines arm of its Overseas General Insurance division. A former Chubb ...
Insurers Stand to Benefit if Malaysia Revisits Foreign Ownership Directive
Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people ...
Who Will Allianz Acquire Next? There Are Plenty of Potential M&A Targets
A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe's largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential ...