Global Economy
Hurricane Joaquin Fades as U.S. Threat; Bahamas Still Vulnerable
A weakening Hurricane Joaquin probably won't be a threat to the U.S. as it turns north in the Atlantic away from the Bahamas, where it's battering the islands with winds that fell to 125 miles (200 ...
Zurich’s Losses Lead to ‘Negative’ Ratings Outlook from A.M. Best
Zurich Insurance Company Ltd.'s A.M. Best ratings outlook is revised from stable to negative, following the company's disclosure of $275 million in losses from explosions at the Port of Tianjin in ...
T-Mobile: Hackers May Have Ripped off Data of 15 Million Applicants
T-Mobile US Inc said personal data of about 15 million of its U.S. applicants may have been stolen in a breach at a unit of Experian Plc, which processes the telecom carrier's credit applications. ...
Hurricane Joaquin Update: It Could Miss the U.S. Coastline
Forecasters can't completely rule out a U.S. East Coast strike by Hurricane Joaquin but are more optimistic it will miss, even as the "extremely dangerous" storm pounds the Bahamas with high winds, ...
Allianz, AIG, Others Start Commercial Drone Insurance Association
Allianz and AIG partnered with a major aviation insurer, a specialized broker and an attorney to launch a new trade association focused on the surging commercial drone industry. The Unmanned Aircraft ...
Zurich Names New Head of Global Corporate in North America
Zurich appointed one of its veteran executives to a major leadership role in its North American operations. Paul Horgan is now CEO of the property/casualty insurer and reinsurer's Global Corporate in ...
U.S. Farmers, Pummeled by Bird Flu, Prepare for its Likely Return
In Iowa, one of the largest U.S. egg processors has started to buy foreign supplies for the first time. Elsewhere in the Midwest, a free-range egg producer says it may build automatic car washes to ...
ACE Launches Debuts VC Liability Coverage in Hong Kong, Singapore
Ace Group unveiled "bespoke" private equity and venture capital liability insurance in Hong Kong and Singapore, reflecting a continued focus on growing its customer base in Asia. The ...