International
A.M. Best Incorporates Mexican Subsidiary; Opens Office in Mexico City
A.M. Best Co. announced the incorporation of its new subsidiary, A.M. Best América Latina, S.A. de C.V. The new office will be located in the financial district of Mexico City at Paseo de la Reforma ...
January Cold, Snow in U.S. to Cost Insurers $1.6 Billion: Aon
The various winter storms that brought snow and bitter cold to the United States in January took more than 50 lives and are expected to result in direct economic losses of about $3.5 billion and ...
Talks Break Off in Panama Canal Contract Dispute
The Panama Canal Authority (PCA) has broken off talks with a Spanish-led building consortium in a dispute over $1.6 billion in cost overruns during work to expand one of the world's most important ...
Google Deal with European Commission in Sight
Google has offered further concessions to address regulatory concerns about its search technology, the European Commission said on Wednesday, effectively settling a three-year investigation and ...
FIO Chief McRaith Dismisses State v. Fed Debate as ‘Relic’
The state versus federal oversight discussion is a "binary debate" that is a relic of a bygone era, the director of the Federal Insurance Office told lawmakers at a Congressional hearing Tuesday. FIO ...
RSA Insurance Turns to Ex-RBS Boss Hester as CEO
RSA Insurance Group Plc hired former Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester to lead the U.K. insurer, as it seeks to put a scandal at its Irish unit behind it. ...
FOREX Market Lawsuits Mount
As investigations into alleged manipulation of the global foreign exchange market advance, class actions against the world's biggest banks are piling up, exposing the banks to potentially billions of ...