News
Hamburg Has Worst Flood in 37 Years as Storm Moves Eastward
Hamburg, Germany's biggest port, recorded its heaviest storm surge in 37 years as the low- pressure weather system Xaver swept through northern Germany, paralyzing air, rail and ship traffic. The ...
QBE Sees $250 Million Net Loss in 2013 on North America Business
QBE Insurance Group Ltd., Australia's largest insurer by market value, forecast an unexpected net loss of about $250 million for 2013 due to write downs at its North American operations. The forecast ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
SEC’s Gallagher Seeks Public Company Disclosure Reforms
A top U.S. securities regulator on Friday called for reforms to streamline the disclosures that public companies are required to file, saying he is concerned that some company filings may not ...BP ADS Investors Lose Bid for Class Status in Gulf Spill Case
A U.S. federal judge has refused to allow investors to proceed as a group in a lawsuit accusing BP Plc of fraud by misleading them—before and after the 2010 Gulf of Mexico oil spill— about the ...
Supreme Court to Rule on When Software Merits Patent Protection
The U.S. Supreme Court agreed on Friday to rule on the divisive issue of what kinds of software are eligible for patent protection in a case being closely watched by the technology industry. The ...
Sea-Level Rise Too Fast to Reverse Climate Change, Study Says
By the time climate change reduces crop yields or frequently floods New York City subways, it will be too late to avert damage without better forecasting tools, a panel of scientists said in a report ...
Investment into Emerging Markets to Fall in 2014: World Bank
Foreign direct investment into emerging markets should decline next year because of persistent concerns about the global economy, the World Bank's political risk insurance arm said on Thursday. For ...MGIC Leads Mortgage Insurer Rally as Goldman Sachs Says Buy
MGIC Investment Corp. and Radian Group Inc. jumped in New York trading after Goldman Sachs Group Inc. recommended investors buy the shares, citing the potential for sales growth amid an improving ...