Global Economy
India’s Insurers Poised to Attract Western Investment After Rule Changes
The Indian government on Monday said it plans to raise limits on how much foreign companies can invest in the country's insurance industry, a move that could attract inflows from U.S. and European ...
AIG Pays $12 Million to Resolve NY Pension Transfer Probe
American International Group Inc. agreed on Monday to pay a $12 million civil fine to settle charges that it conducted life insurance business in New York without a license. The settlement is the ...
Amended Law Slows Nursing Home COVID Court Claims
Garnice Robertson wants accountability for her mother's death from COVID-19 caught while she was living at a Kansas nursing home that allegedly failed to prevent an outbreak of the disease. An ...
Top 2021 Risks Look Much Like 2020: Pandemic Fallout and Cyber Attacks
There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of ...
Allianz Wins China Approval to Launch Insurance Asset Management Firm
Allianz said on Thursday it had obtained regulatory approval to set up China's first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world's ...
European Researchers See AI as Building Better Weather Data
European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence. The European ...
South African Insurer Santam to Begin Processing 4,000 COVID Business Interruption Claims
South African insurer Santam Ltd said on Monday it will start processing business interruption claims for all commercial policies that were affected by a coronavirus-led lockdown in April beyond ...
Executives On The Move at Lloyd’s, AIG and AGCS
Lloyd's of London hired an executive to fill its first-ever Chief of Markets position. AIG has a new head of Media & External Communications. Allianz Global Corporate & Specialty SE named a ...