Global Economy
AIG’s Hancock Discusses Labor Moves to Philippines, Texas
American International Group Inc., the largest commercial insurer in the U.S. and Canada, is shifting workers to locations including the Philippines and Texas to reduce costs. "We're talking several ...
Opinion: Risk Versus Reward In The ‘Internet of Things’
I hope it's not true that Apple's next big bet will be on the "Internet of things." The concept is a useless and dangerous one, and now Apple's powerful marketing machine may join Google's in selling ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
El Nino Threat Spurs Asian Governments Into Action
Asia's governments are scrambling to head off the potential impact of a weather phenomenon that in the past has driven food prices to levels that sparked social unrest. With lessons learned, ...
Lloyd’s Finance/Operations Exec Slot To Be Split in 2
Luke Savage is leaving Lloyd's of London to become the new CFO at Standard Life. Previously, Savage had been Lloyd's Director of Finance and Operations for 10 years. He will be stepping down from ...
Thailand’s Political Turmoil Creates Business Risks
Sony Corp. and Panasonic Corp. are among companies advising workers against traveling to Thailand as evidence mounts that political turmoil in the country is undermining business activity there. ...
Lloyd’s America U.S. Chief Agrees ‘Climate Change is Here’
Despite risking offense to non-believers, Hank Watkins didn't hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd's America, talked about an extensive report Lloyd's ...
S&P: Insurers Want Certainty Before Fully Embracing Climate Change Prep
Whether climate change is here, on its way or non-existent, insurers have already accepted the need to prepare for it. But even as the industry confronts what might happen, it wants more certainty ...
eBay Reaches Out To 145M Users After Massive Cyber Attack
EBay Inc said on Wednesday that a cyber attack carried out three months ago has compromised customer data, and the company urged 145 million users of its online commerce platform to change their ...