Global Economy
Natural Disaster Insurance Claims Plunged in 2015, but Climate Change Hurt: Munich Re
Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich ...
Jan. 1 Renewals Continue Reinsurance Downward Pricing Spiral: Willis Re
Reinsurers dealing with Jan. 1, 2016 renewals are seeing continued pricing declines in most cases, with no end in sight to the years-long trend, Willis Re asserted in a new report. The situation is ...
Ex-Microsoft Employees: Company Didn’t Warn Hotmail Users of Chinese Email Hack
Microsoft Corp experts concluded several years ago that Chinese authorities had hacked into more than a thousand Hotmail email accounts, targeting international leaders of China's Tibetan and Uighur ...
Why Buffett’s 50th Year Running Berkshire Hathaway Disappointed Investors
Berkshire Hathaway Inc. investors had plenty to celebrate at the start of 2015. It was Warren Buffett's golden anniversary running the company, which had grown under his watch from a struggling ...
2016 Watch: Solvency II and Other International Issues You Should Care About
The global financial crisis is now seven years behind us and the property/casualty insurance industry and its regulation never faltered before, during or since. Yet, international pressure to ...
Midwest Floods Kill at Least 30; Shut Down Oil, Agriculture and More
Deadly flooding across the U.S. Midwest is disrupting everything from oil to agriculture, forcing pipelines, terminals and grain elevators to close. The floods have killed at least 30 people and shut ...
Britain Faces More Extreme Weather, Rising Flood Costs
Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third major storm in a month. The ...
2016 May See a Mixed Message from Global Financial Markets
What will 2016 bring for the world economy? Financial markets are sending a mixed message: There's reason to believe that the U.S. will outperform other major developed nations, but also to be wary ...