Global Economy
The Hartford is Rare Insurer to Protect Investments From Climate Change Risks: Analysis
Insurers manage a large chunk of the world's investment capital, but they're not acting fast enough to protect their investments from the adverse effects of climate change, the Asset Owners ...
Insurers Will Gain by Innovating for the Internet of Things
The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, ...
Allianz Unveils North American Transactional Liability Unit as M&A Surges
Allianz Group is launching a new transactional liability unit designed to take advantage of greater M&A deal activity in the U.S. and, ultimately, around the world. The insurer's Allianz Global ...
Lawsuit Accuses VW ‘Top Brass’ of Orchestrating Emissions Cheating Years Ago
Volkswagen AG Chief Executive Officer Matthias Mueller became aware of emissions cheating a decade ago as part of a broad conspiracy orchestrated by "top brass," according to lawsuits filed by U.S. ...
Executives On The Move at Berkshire Hathaway Specialty Insurance, ANV and Allianz
Berkshire Hathaway Specialty Insurance named four executives to lead a new division in the U.S. and Canada. ANV named a new executive to one of its divisions. Allianz appointed a new CEO to its ...
Hacking/Malware Attacks Surge at Banks and Credit Unions: Beazley
Financial institutions such as small banks and credit unions faced a huge spike in the number of hacking and malware attacks during the first six months of 2016, Beazley found in a new report. ...
AmTrust Abandons Lawsuit Against Italian Ex-Broker Over Bribery Claims
Insurance firm AmTrust Financial Services Inc. has filed to voluntarily dismiss all of its claims against one of its former insurance brokers in Italy who AmTrust alleged bribed an arbitrator. The ...
Suit Would Force British PM to Consult Parliament Before Triggering Brexit
A lawsuit seeking to force Prime Minister Theresa May to consult parliament before beginning Britain's exit from the European Union will be taken "very seriously" and may reach the Supreme Court by ...