International
Former VP Gore Backs Insurance Execs’ Commitment to Climate Risk at Geneva Assoc. Assembly
Former U.S. Vice President Al Gore recognized the insurance industry's key role in helping the world to tackle climate-related risks during a speech at The Geneva Association's annual General ...
Cost of Climate Change Hitting the World’s Biggest Companies, Threatening Supply Chains
Drought, hurricanes and rising seas are becoming more significant threats to the world's biggest companies and the risk is accelerating, according to the Carbon Disclosure Project. Companies planning ...
FBI Announces Massive Cyber Crime Bust; Takes Down Blackshades Malware
Law enforcement officials in more than a dozen countries arrested about 90 people in a U.S.-led crackdown on the makers and users of software designed to steal identities and remotely control ...
As Serbia, Bosnia Struggle with Floods, Foreign Aid Arrives
International aid from the Baltics to the Bosporus began flowing to Serbia and Bosnia after the worst flooding on record swamped towns and farms, leaving 37 dead and thousands homeless. The United ...
Global Warming to Pressure Sovereign Creditworthiness, S&P Says
Global warming will harm sovereign creditworthiness around the world this century, with poorer nations the worst hit, Standard & Poor's Ratings Services said. Climate change is one of two "global ...
Schmidt Joins Argo as Group CUO
Argo Group International Holdings Ltd., an international underwriter of specialty insurance and reinsurance products, has appointed Axel Schmidt as group chief underwriting officer. He will succeed ...
Bank of America Cleared For Concealing $10B AIG Fraud Lawsuit
A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a ...
Convicted SocGen Trader Arrested in France; Insists Bosses Knew of Activity
Convicted rogue trader Jerome Kerviel was arrested in southern France late on Sunday to serve a three-year jail sentence in a high-profile case he has depicted as one individual's struggle against ...