News
Uber’s Background Checks Missed Convicts: California Prosecutors
California prosecutors have broadened their civil lawsuit against popular online ride-sharing service Uber, alleging that its background checks missed people previously convicted of murder and sex ...
China’s Ping An Insurance Sees Profit Soar, Thanks to Investment Gains
Ping An Insurance (Group) Co., China's second-largest insurer, said profit jumped 62 percent in the first half of this year as a stock-market rally boosted investment returns. Net income rose to 34.6 ...
Costco Sued for Misleading Consumers About Slave-Harvested Shrimp
Costco Wholesale Corp. was sued for selling farmed shrimp from Thailand, where slave labor and human trafficking in the fishing industry are widespread, and allegedly misleading U.S. consumers about ...
Rising Sea Level Boosts Risk to U.S. Coastal Cities of Hurricane-Related Flood Damage
Rising sea levels in the coming years will create heightened risk of severe economic damage from hurricane-related flood in U.S. coastal cities, RMS asserted in a new report. The catastrophe modeling ...
Fitch Upgrades Rating for American Family Insurance
Wisconsin's American Family Insurance is the beneficiary of an upgrade from Fitch Ratings, thanks to such factors as strong capitalization and favorable reserves. Fitch said it upgrade the mutual ...
Allstate Roadside Services to Offer Assistance for Lyft Drivers
Allstate is getting involved in the ridesharing market with the announcement that Allstate Roadside Services is now offering 24/7 pay-per-use roadside assistance to drivers on the Lyft platform. Lyft ...
China Tianjin Port Blast Forces the World’s Automakers to Divert Shipments
Toyota Motor Corp and rival global automakers are looking to divert shipments to Shanghai and other ports from Tianjin after massive explosions last week disrupted operations indefinitely at China's ...
S&P: Cat Bond Market Set for More Double-Digit Growth
The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the increase in covered perils and the broadening of event definitions, according to a report ...