Global Economy
Iceland Volcano May Menace Atlantic Flights Indefinitely
Iceland said heightened alert levels for airlines may be in place for months as one of its biggest volcanoes continues to rumble, threatening an eruption and ash cloud that would menace flights ...
Munich Re to Snatch Up Australian Commercial Underwriter
Munich Re will team up with an Australian broker network to snatch up a commercial underwriter in that country and much of its business. The transaction is a bit complex. Munich Re, in its ...
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...
Allianz Pushes Into Peru With Reinsurance Expansion
Allianz Group is expanding its industrial and corporate reinsurance business into Peru, a move the German company said reflects its continued focus on growth in emerging markets around the world. ...
German Insurers May Cover Country’s Infrastructure Funding Shortfall
Germany's insurers said they may back a government call to invest in infrastructure to help cover an annual 7 billion-euro ($9 billion) taxpayer shortfall to repair roads and bridges. The GDV, the ...
Tropical Storm Cristobal Veers Away From U.S.
Tropical Storm Cristobal slowly moved north in the Atlantic, dumping heavy rain on the Bahamas and Turks and Caicos islands on a track away from the U.S., the National Hurricane Center said. ...
Iceland Retracts Volcanic Eruption Warning But Monitoring Continues
Iceland is monitoring rumbling at the Bardarbunga volcano for a second week after it yesterday retracted an announcement of an eruption and eased a warning to airlines over a possible ash plume. The ...
Deadly Landslides Hamper Hiroshima Rescue Efforts
Military, police and fire personnel searched through the night for missing victims after downpours in Hiroshima triggered a series of deadly landslides this week. The death toll rose to 42, with 43 ...