News
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...
Will Investors Give QBE’s CEO Enough Time to Finish His Revamp?
QBE Insurance Group Ltd.'s John Neal is shoring up the insurer's balance sheet by selling shares and assets. He still has work to do convincing bond investors that business is improving after three ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
WSI’s 2014 Storm Forecast Becomes (Slightly) Milder
Weather Services International has reduced the number of storms it is predicting for the 2014 Atlantic hurricane season, in a period that has already been slower than past years with extreme weather ...
Allianz Pushes Into Peru With Reinsurance Expansion
Allianz Group is expanding its industrial and corporate reinsurance business into Peru, a move the German company said reflects its continued focus on growth in emerging markets around the world. ...
German Insurers May Cover Country’s Infrastructure Funding Shortfall
Germany's insurers said they may back a government call to invest in infrastructure to help cover an annual 7 billion-euro ($9 billion) taxpayer shortfall to repair roads and bridges. The GDV, the ...
Post-Quake Napa Rushes to Deal With Damage
Wineries and hospitality businesses in and around Napa, California, near the epicenter of the worst earthquake to hit the area in 25 years, rushed to clean up rubble and broken glass ahead of the ...
Goldman Sachs Puts U.S. Government Mortgage Bond Dispute Behind It
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S.regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced ...
Tropical Storm Cristobal Veers Away From U.S.
Tropical Storm Cristobal slowly moved north in the Atlantic, dumping heavy rain on the Bahamas and Turks and Caicos islands on a track away from the U.S., the National Hurricane Center said. ...