Global Economy
Wellness Programs Work as Employee Retention Tools: Arthur J. Gallagher Survey
In today's tight job market, wellness programs work well beyond improving physical health. They're also a powerful tool that can help keep top talent at your company, according to a new employer ...
UK Officials Dismiss Report of $47B Brexit Price Tag
Theresa May's office dismissed as speculation a report that the U.K. is prepared to pay a 40 billion-euro ($47 billion) bill to leave the European Union, while leading Brexit supporters pushed back ...
Shipping Industry Starts Embracing Retro Tech as Cyber Threat Deterrence
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use ...
Allianz, Generali, Zurich and More Called Out for $361M in Coal Investments
A climate activist group is calling out a handful of European insurers for having significant holdings in fossil fuels despite pledges by the companies to be more climate friendly. A report released ...
Wells Fargo Will Fork Over $108M to Settle Lawsuit Over Veterans’ Loans
Wells Fargo & Co will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees ...
Allianz’s PIMCO Touts $62B in Q2 Inflows; Ivascyn Credited With Turnaround
Allianz SE three years ago bet the future of its then $2 trillion bond firm on Dan Ivascyn, a little-known money manager at the time who had been picked to succeed Pacific Investment Management Co. ...
AIG Follows Travelers, Chubb in Scaling Back Wall Street Guidance
Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned ...
AIG Saved Money, But Saw Q2 Commercial Insurance Losses Climb
American International Group reported a difficult 2017 second quarter, with net income plunging over the previous year, and a commercial insurance combined ratio that came close to 103. The ...