Global Economy
Google Accuses Microsoft of Failing to Release Documents in Antitrust Lawsuit
Alphabet's Google has asked a judge hearing the Justice Department's antitrust lawsuit against the search and advertising giant to compel Microsoft to turn over documents, saying it has failed to ...
UK Drone Insurer Flock Raises $17M for Planned Expansion
British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya's Social Capital, Flock said on Thursday. Flock started out ...
Chubb CEO Greenberg Expects Steadier Commercial Rate Hikes Going Forward
Insurance industry analysts asked for years about when rates in the mainline property/casualty commercial insurance market would harden. Now that they have, Chubb Chairman and CEO Evan Greenberg was ...USAA Boosts Diversity Initiatives With New Executive Hire
USAA has hired its first-ever head of diversity initiatives at the organization. Bryan Gingrich will serve as Vice President of Diversity, Equality and Inclusion, a new role at the Texas-based ...
Business Travelers Aren’t Rushing Back to Flying Just Yet
Of the 2 million people clogging airport security lines and gate areas again each day, one crowd is still largely missing: business travelers. Their absence is noteworthy because they are a key ...
Lloyd’s Will Develop Electric Vehicle, Hydrogen Insurance Products in Climate Change Fight
Lloyd's of London plans to develop insurance products for electric vehicles and hydrogen as part of its efforts to fight climate change, the specialist insurance market said on Thursday. Lloyd's ...
Chubb CEO Greenberg: Don’t Ban Ransomware Payments (Except Maybe Cryptocurrency)
How can insurers and society combat ransomware? Chubb Chairman and CEO Evan Greenberg is doubling down against outlawing ransomware payments to address the issue. He appears to make an exception, ...
China Regulator Will Guide Insurers to Boost Natural Disaster Offerings
China's banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings. It also plans to raise public ...