Markets
Pacific El Niño Turbocharged by Tropical Cyclones
The El Niño forming across the Pacific has been turbocharged by a series of tropical cyclones that helped to shift the direction of trade winds, potentially adding to warming that's evoking ...
Texas Court Approves $84.4M Settlement in 2002 Farmers Insurance Case
A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners ...
IMF Cautions U.S. on Global Economic Turmoil; Urges National Insurance Regulator
A global slowdown in economic growth, together with political and economic upheaval in places like Greece, the Middle East and Ukraine, could hurt U.S. growth going forward, the International ...
Smart Dashboards Distracting Drivers, Creating Safety Issues: Experts
When it comes to dashboard displays that are more like smart phones, two things are clear: customers want them, and automakers are intent on supplying them. But are they really a good idea? Car ...
EXOR Plans to Promote from Within For PartnerRe CEO; Revises Deal Terms
John Elkann, who is offering $6.8 billion for a company that doesn't have a permanent chief executive officer, plans to find a leader internally at PartnerRe Ltd. if he wins the bidding for the ...
ACE: Tech, Supply Chain and Regulatory Risks Top Concerns for EMEA Businesses
Risk managers identify technology, supply chain and regulatory as the risks currently causing their organizations the greatest concern, according to new research published by ACE European Group. ...
Move Over Uber Drivers: Autonomous Taxis Offer Green Benefits
According to a new study from Lawrence Berkeley National Laboratory (Berkeley Lab), a system of driverless taxi fleets would both be cost-effective and greatly reduce per-mile emissions of greenhouse ...
Credit Insurers Refusing New Coverage to Greek Customers
Credit insurers are refusing to offer new cover to companies carrying out trade with Greece because of uncertainty over the solvency of Greek customers hit by capital controls, a Greek importer told ...