International
Citigroup Dives Deeper Into Derivatives Risks
In the past five years, the firm that took the largest U.S. bank bailout of the financial crisis increased the total amount of derivatives on its books by 69 percent, surpassing most U.S. peers and ...
Hurricane Polo Could Worsen Before Weakening
Hurricane Polo may strengthen a little more before it begins to weaken this weekend as it moves parallel to Mexico's Pacific coast, the U.S. National Hurricane Center said. Polo has top sustained ...
More Self-Driving Car Tests to Hit California Roads
Mercedes-Benz has followed Volkswagen AG's Audi unit in getting a license to test self- driving vehicles on California roads as the luxury-car makers vie for a market predicted to grow to $87 billion ...
Fireman’s Fund, Minus Commercial, to Zero in on Personal Lines
While Allianz is bringing Fireman's Fund Insurance Company's commercial lines business into its own operations, the short-term plan with its personal lines arm appears to be a focus on maintaining ...
Allianz Will Absorb Fireman’s Fund’s Commercial Lines Business
German insurance giant Allianz said it will absorb Fireman's Fund Insurance Company's commercial lines business into one of its own eponymously-named divisions. Meanwhile, after days of declining to ...
Senate: U.S. Military Contractors Struck by Chinese Hackers
Chinese-backed hackers infiltrated the computer networks of airline, shipping and information technology companies responsible for transporting personnel and weapons for the U.S. military, a Senate ...
BP Argues Missing Comma Entitles it to $750M in Coverage For Gulf Oil Spill
BP Plc, which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, asked a Texas court to let it tap into $750 million in Transocean Ltd.'s insurance policies on the doomed Deepwater ...
Allianz Declines Comment on Report That it Will Sell Part of Fireman’s Fund
Allianz refused to comment Tuesday on a report that it will unload the personal insurance arm of Fireman's Fund, its U.S. subsidiary, due to repeated operating losses. "Allianz never comments on ...