News
Global Warming to Pressure Sovereign Creditworthiness, S&P Says
Global warming will harm sovereign creditworthiness around the world this century, with poorer nations the worst hit, Standard & Poor's Ratings Services said. Climate change is one of two "global ...
Schmidt Joins Argo as Group CUO
Argo Group International Holdings Ltd., an international underwriter of specialty insurance and reinsurance products, has appointed Axel Schmidt as group chief underwriting officer. He will succeed ...
Nomura: Progressive May Struggle To Keep Older Customers
Gone are the days when Progressive Corp., the nation's fourth-largest U.S. auto insurer, could grow through innovation alone. Future expansion will come at the expense of its rivals by going after ...Berkshire Specialty Treks Into Travel Coverage
Berkshire Hathaway Inc.'s Peter Eastwood, hired last year to expand into more insurance niches, is pushing into travel coverage in the latest challenge to American International Group Inc., his ...
Bank of America Cleared For Concealing $10B AIG Fraud Lawsuit
A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a ...
Long Wildfire Season Ahead; Weary Crews Prepare
Firefighters scoured charred hillsides north of San Diego on Saturday to guard against a resurgence of flames that ripped through the region, while the last of tens of thousands of evacuees prepared ...
U.S. Infrastructure Vulnerable to Cyber Risks; Experts Say CEOs Too Complacent
After warning for years that the U.S. electric grid and other critical infrastructure are dangerously vulnerable to hacking, security experts fear it may take a major destructive attack to jolt CEOs ...Farmers Insurance Class Actions May Signal Wave of Climate-Change Suits
A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding in lawsuits that are the first in what could be a wave of litigation over ...