Markets
Brexit Uncertainties Trigger Sharp Drop in European Business Confidence
Uncertainty over Britain's departure from the European Union has triggered a sharp drop in business confidence in Europe over the past six months, a survey showed on Thursday. Only 50% of European ...
A Record? 500 U.S. Tornadoes in 30 Days
The U.S. has been rocked by 500 tornadoes in the past 30 days with a trapped jet stream in the atmosphere "stuck in neutral," the U.S. Storm Prediction Center said. In the past seven decades, only ...
China Says Hiking U.S. Tariffs Hurts World Economy But Has ‘Very Limited’ Effect on China
The U.S. escalation of trade tensions won't solve any of its problems but will create volatility in global markets and hurt the world economy, according to China's top financial regulator. Higher ...
New York Reclaims Title as World’s Top Financial Center from London; Hong Kong Gaining
New York once again has bragging rights as the world's leading financial center, having reclaimed the title from London where Brexit continues to cast a shadow of uncertainty over the UK economy. ...
Argo Group Annual Meeting Voters Endorse Company Board, but Challenge Executive Pay
Argo Group International Holdings ended up having a fairly routine annual meeting on May 24, after spending months fending off accusations of excessive spending and other abuses from an activist ...
Teva Settles Oklahoma Opioid Marketing Claims Before Trial for $85 Million
Teva Pharmaceutical Industries Ltd. said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and ...
Executives On The Move at Everest Re and GuideOne Insurance
Everest Re appointed a veteran insurance industry board member and financial executive to its own board of directors. GuideOne Insurance named a new chief underwriting officer.
U.S. Personal Lines Is on an Upswing, Driven by Auto Insurance Gains
U.S. personal lines insurance saw strong premium growth of 8 percent in 2018. What's more, the sector's statutory combined ratio of 99 for 2018 represented the market's best results since 2013, ...