Global Economy
House Bipartisan TRIA Bill Expected In June: Subcommittee Chair
The chairman of crucial U.S. House subcommittee said a bipartisan bill of its own that will renew the Terrorism Risk Insurance Act, or TRIA, will be unveiled in June. Rep. Randy Neugebauer, R-Texas, ...
Cost of Climate Change Hitting the World’s Biggest Companies, Threatening Supply Chains
Drought, hurricanes and rising seas are becoming more significant threats to the world's biggest companies and the risk is accelerating, according to the Carbon Disclosure Project. Companies planning ...
As Serbia, Bosnia Struggle with Floods, Foreign Aid Arrives
International aid from the Baltics to the Bosporus began flowing to Serbia and Bosnia after the worst flooding on record swamped towns and farms, leaving 37 dead and thousands homeless. The United ...Berkshire Specialty Treks Into Travel Coverage
Berkshire Hathaway Inc.'s Peter Eastwood, hired last year to expand into more insurance niches, is pushing into travel coverage in the latest challenge to American International Group Inc., his ...
Bank of America Cleared For Concealing $10B AIG Fraud Lawsuit
A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a ...
XL Group Exec: Be Mindful of 5 Interconnected Global Risks
In order to succeed, the global insurance industry must be mindful of five interconnected risks that keep the underwriting climate more volatile these days than not, XL Group Chief Enterprise Risk ...
Africa Experiments With Sovereign Risk Pool Insurance Scheme
In the 1980s images of skeletal Ethiopian babies and their parents, dying from hunger during a devastating famine, helped galvanize global humanitarian and financial aid to drought-ravaged African ...
Sears’ Woes Spur Trade Credit Insurance Cutbacks for Suppliers
Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining ...