Global Economy
Coronavirus Will Cause Limited Losses in China’s P/C Insurance Market: AM Best
Ratings firm AM Best said it expects that China's non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including ...
Singapore Will Add More Climate Change Risks to Financial Industry Stress Tests
Singapore plans to include a broader range of climate change-related risks in a future stress test of its financial industry, a government minister said. The Monetary Authority of Singapore plans to ...
Coronavirus Reportedly Threatens Apple’s iPhone Output
Foxconn could see a "big" production impact and shipments to customers including Apple face disruption if a Chinese factory halt due to the coronavirus outbreak extends into a second week, a person ...
Scientists Perplexed by Climate Change Models Running Red Hot
There are dozens of climate models, and for decades they've agreed on what it would take to heat the planet by about 3° Celsius. It's an outcome that would be disastrous—flooded cities, ...
After Brexit: EU Links Financial Relations With UK to Trade Deal
Access to the European Union market for Britain-based financial firms will be linked to the overall results of trade talks with London, EU chief negotiator Michel Barnier said on Monday. Britain and ...
Berkley CEO Warns ‘Clouds Are Beginning to Build’ for Workers Comp
While the market is hardening and rates are increasing for nearly every commercial insurance line, workers compensation remains stubbornly soft. That reality is something that W.R. Berkley's CEO ...
Facebook Will Fork Over $550M in Giant Biometric Privacy Settlement
Facebook Inc. agreed to pay $550 million to resolve claims it collected user biometric data without consent in one of the largest consumer privacy settlements in U.S. history. The accord, which ...
Brexit Arrives, While Scotland Keeps Fighting for Independence
As jubilant Brexit supporters gather to celebrate the U.K.'s departure from the European Union, Scotland is digging in to its position as the last bastion of political resistance. First Minister ...