News
Warming Partly Caused by El Niño; CO2 Warming Effect Less than Believed: Researchers
A natural shift to stronger warm El Niño events in the Pacific Ocean might be responsible for a substantial portion of the global warming recorded during the past 50 years, according to new research ...
Zurich Insurance Investing $1 Billion in Green Energy Bonds
Zurich Insurance Group AG, Switzerland's biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has ...
Judge Rakoff Wants Someone to Pay For the Financial Meltdown
At a meeting of New York City securities lawyers last week, Jed Rakoff did what he does best: challenge Establishment Thinking. "While the economy has slowly improved, there are still millions of ...
Typhoon Fuels Call for Rich Nations to Compensate Poor for Global Warming Losses
The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor ones for climate-related losses, a proposal the U.S. and European ...
Allianz Expects Boost from Asia, Brazil, East Europe Markets and Cyber Liability, Energy Products
Allianz SE, Europe's biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit. ...
Storms Sweeping Across Illinois Kill at Least 5, Delay Flights
Tornadoes and thunderstorms swept through a 300-mile stretch of Illinois and other midwestern states, killing at least five people, damaging hundreds of homes and disrupting air travel at O'Hare ...
Philadelphia Insurance, Travelers Donate for Typhoon Relief
Philadelphia Insurance Companies and The Travelers Companies, Inc . each announced donations to the American Red Cross last week to provide relief to the people affected by Typhoon Haiyan in the ...
Group Bidding for AIG’s Aircraft Leasing Firm Adding Backers: Report
Taiwanese tycoon Richard Tsai and Chinese financier Xiao Jianhua are in talks to help fund a $4.2 billion bid for American International Group Inc.'s aircraft- leasing unit, three people with ...