International
Suits Against Japanese Steel Supplier Expected After Fake Data Disclosure; GM, Ford Among Top Customers
Kobe Steel Ltd.'s legal problems are just beginning in wake of the company's disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and ...
WEF Bringing Insurers, Tech Firms Together to Tackle Risks From Drones, Driverless Cars
The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms ...
Hurricane Ophelia Would Tie a 124-Year ‘Gee-Whiz’ Record
Tropical Storm Ophelia won't come anywhere near U.S. shores, but when it strengthens to a hurricane sometime Thursday, it will achieve another distinction. Ophelia will be the 10th straight Atlantic ...
Cat Bond Issuance Still Has a Record Year; Q3 Was Typically Slow
Catastrophe bond issuance came to just $460 million in new limit during the 2017 third quarter, though the typically slow Q3 added to what remains a record year for the sector, the Property Claims ...
Corporate Social Responsibility Can Get a CEO Fired: Research
CEOs are increasingly encouraged and even pressured to invest in reducing a company's carbon foot print, make the firm more diverse and focus on product safety. But researchers from the University of ...
UK, EU Clash Over Blocked Brexit Talks
Britain and its European Union partners clashed on Monday over which side should make the next move to unblock Brexit talks, despite concerns they will miss a deadline for a divorce deal and that ...
Buffett’s Berkshire Hathaway Buys Stake in Italian Insurer Cattolica
Warren Buffett is expanding his wager on Italy. The billionaire's Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl ...
Lloyd’s Signs Global AI Deal With Expert System
Lloyd's of London wants to infuse artificial intelligence technology into the daily business it does with its customers. The world's largest insurance market signed a global deal with Expert System ...