Global Economy
Buffett’s Annual Letter to Berkshire Hathaway Could Offer More CEO Succession Clues
Warren Buffett's annual letter to Berkshire Hathaway Inc. shareholders is coming Saturday, and it may bring more clues about the 87-year-old billionaire's succession plans at his conglomerate. In ...
Executives From AIG, Lloyd’s, Hamilton and More Sound Off on Insurance Industry Careers
What do insurance industry executives have to say about today's insurance careers? They gave their thoughts as part of the third annual Insurance Careers Month, which kicked off with the annual ...
UK’s Legal & General Seals Deal to Bring Slice Lab’s On-Demand Insurance Platform Overseas
Slice Labs, a New York-based developer of on-demand insurance, has expanded overseas for the first time through a new partnership with the venerable UK carrier Legal & General. Their initial ...
Obscure N. Korea Cyber Espionage Group Reportedly Broadens Reach
A North Korean cyber espionage group previously known only for targeting South Korea's government and private sector deepened its sophistication and hit further afield including in Japan and the ...
Gilead Wins as Judge Reverses Record $2.54B Hepatitis C Drug Patent Verdict
A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc. to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by ...
Intel Slapped With Class Action Suits Over Microchip Security Flaws
Intel Corp said on Friday shareholders and customers had filed 32 class action lawsuits against the company in connection with recently-disclosed security flaws in its microchips. Most of the ...
Catastrophe Losses Force Aspen to Cease Underwriting Property Insurance From Bermuda Platform
Aspen Insurance Holdings confirmed on Friday, Feb. 16, that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company's 2017 catastrophe ...
Allianz Hurricane Claims Dampened Profit, but PIMCO Unit Surged
A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn't enough to stop Allianz SE from raising its dividend. Europe's biggest insurer will increase ...