Markets
Rate Gains Tapering in Commercial Lines: Towers Watson
Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers ...
Tornado Economic Cost Tops $1B from Rare November Storms, Aon Says
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance ...
Renewable Fuel Backers Try to Change EPA’s Mind
Supporters of the renewable fuels industry turned out en masse on last Thursday, desperate for the U.S. government to change course after last month announcing a plan to lower the amount of biofuels ...
Hamburg Has Worst Flood in 37 Years as Storm Moves Eastward
Hamburg, Germany's biggest port, recorded its heaviest storm surge in 37 years as the low- pressure weather system Xaver swept through northern Germany, paralyzing air, rail and ship traffic. The ...
Sea-Level Rise Too Fast to Reverse Climate Change, Study Says
By the time climate change reduces crop yields or frequently floods New York City subways, it will be too late to avert damage without better forecasting tools, a panel of scientists said in a report ...
Investment into Emerging Markets to Fall in 2014: World Bank
Foreign direct investment into emerging markets should decline next year because of persistent concerns about the global economy, the World Bank's political risk insurance arm said on Thursday. For ...
World Trade Organization Nears Historic Agreement
The first global trade reform since the creation of the World Trade Organization is ready for agreement by ministers from the body's 159 member countries later on Friday, sources involved in the ...
Regulators Look to Coax Insurers, Other Investors Back Into Asset-Backed Bond Market
Global regulators are seeking to coax institutional investors, from insurers to pension funds, back into the market for asset-backed bonds to boost non-bank funding for businesses. "The focus of ...