Global Economy
Carrier Management’s Top Feature of 2014: Fireman’s Fund’s Decline
A story about Fireman's Fund Insurance Co.'s long decline was the top Carrier Management feature in 2014. The October 15 story by contributor Russ Banham looked at the company's struggles up to that ...
XL Group Comes Out With Nuclear/Radiological Event Coverage
XL Group has come out with insurance coverage for chemical, biological, radiological and nuclear events. The insurer's crisis management team is handling the rollout as it did earlier in December ...
Amlin Buys Up Added Cat Bond Storm Cover for U.S. and Europe
Amlin Plc said it has obtained reinsurance coverage for U.S.-named storm, U.S. earthquake and European Windstorm perils of up to $200 million from Tramline Re II Ltd, a Bermudian special purpose ...
Greenhouse Gas Emissions Still Rising From the World’s Top Companies
Greenhouse gas emissions by the world's top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top ...
Report: XL Group/Catlin Merger a Done Deal
XL Group plc may have already closed an M&A deal with rival Catlin, according to international media reports. XL CEO Mike McGavick acknowledged on Dec. 17 that talks were underway, with a ...
BP U.S. Oil Spill Fine Could Reach $18 Billion
The government wants BP Plc to pay $16 billion to $18 billion in water-pollution fines for the worst offshore oil spill in U.S. history while seeking more than $1 billion from the co-owner of the ...
Staples Admits Data Breach May Have Hit 1.16M Payment Cards
Office-supply retailer Staples Inc said about 1.16 million payment cards might have been affected by the data breach announced in October. An investigation by external data security experts showed ...
South Korea Nuclear Power Data Leak Spurs Investigation
Seoul prosecutors have launched an investigation into a leak of non-critical data at South Korea's nuclear power operator, the prosecutors' office said on Sunday, as worries mount about nuclear ...