News
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 ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Botnet Viruses Heighten Computer Hijacking Risk
The threat posed by criminal hackers who use networks of secretly hijacked computers has increased "dramatically" over the past several years, a top U.S. Justice Department prosecutor testified ...
Typhoon Advances to China After Killing 6 in Philippines
At least six people were killed as the strongest storm to make landfall in the Philippines this year lashed Manila, shutting schools, offices and financial markets and knocking out power across most ...
Iron-Starr Forms Underwriting Alliance With Hamilton Re
Ironshore Inc. has announced the addition of Hamilton Re as a subscribing insurer to the Iron-Starr Excess Agency Ltd. Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd. and Starr ...
Bipartisan Bill Seeks to End Secrecy of ‘Too Big to Fail’ Panel
Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial ...
Fed Chair Yellen Worried About Stretched U.S. Equity Valuations
The Federal Reserve on Tuesday voiced concern about stretched valuations in certain corners of the U.S. markets, including small cap, biotechnology and social media stocks, as well as the leveraged ...
European Banks Seen Selling $795B of Property Assets
European banks and asset managers plan to sell or restructure 584 billion euros ($795 billion) of riskier real estate as they try to clean up their balance sheets, Cushman & Wakefield Inc. said. ...