Global Economy
Price Tag for Paris Climate Change Deal: $12.1 Trillion Over 25 Years
If the world is serious about halting the worst effects of global warming, the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent ...
Icahn, Dissatisfied with AIG’s Actions, Makes His Next Move
Carl Icahn, the activist investor calling for a breakup of American International Group Inc., said the alternative plan presented last week by the insurer's chief executive officer was inadequate and ...
Executives On The Move at Progressive, Starr, Willis Towers Watson, Marsh and More
The Progressive Corp. has a new chief information officer. Starr Companies hired on an executive who will help grow its general aviation risks business. A Marsh division has a new global CEO. ...
Volkswagen’s CEO Doubts Managers Knew of Emissions Rigging
Volkswagen Chief Executive Matthias Mueller has cast doubt on a report which last week said many managers at the German carmaker knew of, or were involved in, developing emissions test-rigging ...
Cyber Attack Continues to Disrupt HSBC’s Online Banking
HSBC Holdings Plc said its U.K. online banking continues to be affected by a cyber attack that started earlier on Friday, the second time the bank's online services have been disrupted in Britain ...
Massive Workers Comp Fraud Scam Leads to 13 Indictments
An investigation into what's being called one of the largest cases of workers' compensation health care insurance fraud in California Department of Insurance history led to 13 indictments announced ...
Validus Saw Net Income Plunge in Q4 in Competitive Market
Validus Holdings saw its income plunge in the 2015 fourth quarter Chairman and CEO Ed Noonan said, however, that the Bermuda-based insurance and reinsurance holding enjoyed premium gains in some ...
Your Toaster Could be at Risk for a Cyber Attack
Hijacking "smart" toasters and refrigerators and hacking corporate ventilation systems are among the new threats envisioned by cyber security experts as an increasing array of items are connected to ...