Global Economy
Arch Capital Pretax Cat Losses Could Hit $225M, Driven by COVID-19 Claims
Arch Capital Group Ltd. has estimated a range of pretax catastrophe losses of $205 million to $225 million in the second quarter of 2020 across its property/casualty insurance and reinsurance ...
CoreLogic Meets With Investors Pursuing Unsolicited Acquisition Bid
CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to take the real estate data company private. Representatives from Cannae Holdings Inc. ...
Google Suit Alleges Tracking in Apps Even When Users Opt Out
Alphabet Inc's Google records what people are doing on hundreds of thousands of mobile apps even when they follow the company's recommended settings for stopping such monitoring, a lawsuit seeking ...
Executives On The Move at Aon, Arch and Coalition
Aon appointed a new UK chairman for its Global & Specialty unit. Arch Insurance promoted a long-time executive to be Executive Vice President General Counsel of Arch Insurance North America. ...
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...
Executives On The Move at AGCS and AXIS
Allianz Global Corporate & Specialty SE appointed a number of new North America executive and simplified its organizational structure as part of its ongoing "New AGCS" transformation program. ...
U.S. Focuses on Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to ...
LinkedIn Accused of Secretly Reading Apple Users’ Clipboard Content in New Suit
Microsoft Corp's LinkedIn was sued by a New York-based iPhone user on Friday for allegedly reading and diverting users' sensitive content from Apple Inc's Universal Clipboard application. According ...