Global Economy
May Global Disasters Could Cost Insurers at Least $7B in Claims: Aon Benfield
Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield's ...
Farmers Are at Risk if La Niña Emerges as Some Predict
The El Nino that has dominated global weather for more than a year has ended and may give way by the end of 2016 to a weak or moderate La Nina that can dry up crops in Brazil, soak them with rains in ...
Judge to Uber: Did You Encourage a Private Investigator to Lie?
A federal judge wants to know whether Uber Technologies Inc. encouraged a private investigator to lie as part of a probe of a customer who sued over how the ride-hailing app sets fares. Connecticut ...
Insurers Could Learn From Amazon About Customer Satisfaction
Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59 percent of customers reporting that they received excellent customer service from ...
S&P Sees Proposed Insurer Rules as Strong on Risk Management
Standard & Poor's said the Federal Reserve Board's proposed rules for insurers under its oversight are strong as far as risk management, but uncertainty remains as to other crucial details. "We ...
U.S. Treasury Reviewing Fosun’s Acquisition of Ironshore
United States authorities are conducting a review of China's Fosun Group's acquisition in November 2015 of Bermuda-based insurer Ironshore. The Committee on Foreign Investment in the United States ...
Puerto Rico Insurers Urge Talks to Avoid Major Bond Default
Puerto Rico's bond insurers are urging the commonwealth to negotiate with creditors as speculation increases that the island will default July 1 for the first time on its general-obligation debt. ...
House Republican Proposes Gutting ‘89.7 Percent’ of Dodd-Frank
The chair of the U.S. House Financial Services Committee has proposed getting rid of much of the regulation put in place after the financial crisis, unveiling a plan on Tuesday that ignited fierce ...