News
BRICS to Form $50B Bank in Challenge to World Bank, IMF
Leaders of the five BRICS nations agreed on the structure of a $50 billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa ...
EEOC Toughens Protections for Pregnant Workers
For the first time in 30 years, the federal government is issuing new guidelines designed to protect pregnant workers from on-the-job discrimination. The Equal Employment Opportunity Commission ...
Munich Re America Backs Public-Private Effort on Extreme Weather Mitigation
The number of loss-relevant weather catastrophes worldwide has almost tripled since 1980, according to Munich Re's NatCatSERVICE database. The company said that finding ways to create broader ...
Eight New Companies Join Ward’s Annual Top 50 P/C Ranking
Eight new nominees join Ward Group's 2014 roundup of the 50 top performing property/casualty insurers. The recently released analysis crowns the best performers out of more than 3,000 companies in ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...
NAIC Explores Revamp of How it Conducts Business
The national organization for state insurance regulators, which has been telling federal and international regulators how they should govern the industry, has decided to engage a consultant to audit ...
Warren Buffett Gives $2B to Gates Foundation
Warren Buffett, the second-richest person in the U.S., made his largest single charitable contribution with a gift of $2.1 billion to the Bill and Melinda Gates Foundation as he seeks to encourage ...
California Drought Threatens $800M in Crop Revenue
The severe drought in California is threatening more than $800 million in crop revenue as water needed for farming is at record lows, according to a report. River water supplies for farms in ...