Government
BlackRock CEO: Low Interest Rates Threaten Insurers and Pension Funds
Low interest rate policies by central banks around the world are threatening insurance companies and pension funds, said Laurence D. Fink, chief executive officer of BlackRock Inc., the world's ...
U.S. Regulators Advocate Oil Train Risk Reduction Measures
Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. ...
Florida Last-Resort Insurer Readying For Storms, Just in Case
Florida hasn't been hit by a hurricane since 2005, the longest stretch in more than a century. Its state-run property insurer isn't taking any chances. Even though forecasters predict this year will ...
NY Fed Beefs Up Chicago Office in Disaster Risk-Reduction Plan
The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and ...
Erie Insurance Joins Commercial Drone Bandwagon
Erie Insurance is joining the drone bandwagon with news that it has obtained conditional Federal Aviation Administration approval to use the technology in its claims and underwriting processes. ...
BP Spill Leads to Proposed Risk Reduction Rules For Offshore Oil Wells
The Obama administration proposed tighter rules for the offshore drilling equipment designed to be a last line of defense against oil-well blowouts, five years after the fatal BP Plc spill off ...
Google Hit With European Union Antitrust Complaint and New Investigation
The European Union escalated its four-year- old probe into Google Inc., accusing the Internet giant of abusing its dominance of the search-engine market and starting a new investigation into its ...
Arizona Law Cuts Taxes for Insurers
Arizona is set to reduce taxes for insurance companies under a new bill Gov. Doug Ducey signed into law Monday. The tax cut is expected to mean the loss of more than $44 million to the state's ...