International
Usage-Based Car Insurance Could be Part of Stellantis Auto Software Strategy
Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.5 billion) in annual revenue from related products and subscriptions as it takes aim ...
Belgian Insurer Ageas Draws Renewed Acquisition Interest From Investor Group
BE Group, an investor group fronted by former financial services dealmakers, is exploring the feasibility of a fresh pursuit of Belgian insurer Ageas after a previous attempt was rebuffed, people ...
Facebook Faces $150M Class-Action Lawsuit From Rohingya Refugees Over Myanmar Violence
Rohingya refugees from Myanmar are suing Meta Platforms Inc, formerly known as Facebook, for $150 billion over allegations that the social media company did not take action against anti-Rohingya hate ...
As Ransomware Attacks Rise, U.S. Bank Regulator Urges Vigilance
A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report ...
IMF Official: Omicron COVID Variant Will Lead to Growth Downgrades
Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina ...
P/C Insurers Face ‘Massive’ Political Risks in 2022: III Joint Industry Forum
Property/casualty insurers head into 2022 facing "massive" political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery ...
Hundreds of Thousands of Livestock Perish in Canada Floodwaters
Hundreds of thousands of livestock have perished in floodwaters in Canada's westernmost province, the British Columbia government said Thursday. Back-to-back deluges from atmospheric rivers have ...
China Starts Letting Insurers Lend Securities, Possibly Boosting Short Selling
China on Friday authorized its insurers to take part in securities lending, potentially boosting short-selling activities in the country's stock and bond markets. Chinese banks, brokerages and mutual ...