Global Economy
The UK, Battered by Coronavirus, Faces Final Brexit Decision Time
Boris Johnson faces a choice in the next few hours that will define his premiership: accept a trade deal with the European Union or go it alone. It could scarcely have come at a more difficult time ...
Google Antitrust Trial Might Not Start Until 2023
The judge hearing the U.S. Justice Department's antitrust case against Alphabet Inc's Google suggested a trial date of Sept. 12, 2023, on Friday. U.S. District Judge Amit Mehta suggested the date ...
Higher Cargo Insurance Rates, New Risks Aplenty With COVID Vaccine Rollout
Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on ...
Cyber Insurers Reduce Scope of Offerings as Ransomware Attacks Climb
Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a ...
EU Regulator Seeks More Hands-On Approach to Insurer Capital
The European Union's capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, ...
Generali Embraces the Cloud in Accenture Joint Venture
Generali Group formed a joint venture with technology consultancy Accenture that's designed to accelerate its migration to the cloud in an ongoing innovation and digitization plan. Generali said it ...
Alleged Chinese Hackers Stole Security Footage From African Union Gathering
As diplomats gathered at the African Union's headquarters earlier this year to prepare for its annual leaders' summit, employees of the international organization made a disturbing discovery. Someone ...
Former Argo CEO Watson Pays $450K to SEC Over Failure to Disclose $5.3M in Perks
The Securities and Exchange Commission has settled with former Argo Group chief executive officer and president Mark Watson III over his role in the firm's failure to disclose more than $5.3 million ...