U.S.
The Hartford, Travelers Among Companies Offering Trump Tax Law-Related Bonuses
Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of $1,000 each if they earn $75,000 or less ...
BP Will Settle Calif. Overcharging Lawsuit With $102M Payment
A BP Plc unit will pay $102 million to settle a lawsuit accusing the company of overcharging California for natural gas, the state's attorney general said. The accord spared BP from facing a jury ...
Ford Urges 2,900 Pickup Owners to Stop Driving, Following Second Takata Death
Ford Motor Co said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp and urged 2,900 owners in North America to stop driving ...
RenRe, RGA Launch Langhorne Re, a Life/Annuity Reinsurer
Catastrophe reinsurer RenaissanceRe is getting into the life/annuity reinsurance business. The company disclosed that it, along with Reinsurance Group of America, a global life insurer, have launched ...
Alternative Capital Showed Resilience in Face of 2017 Catastrophes: Aon Benfield
Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance ...
Apple’s Battery Controversy Draws U.S. Senator’s Attention
The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter ...
NYC Suit Against Oil Companies Over Climate Change Damage Faces Uphill Battle
New York City's effort to hold oil and gas producers responsible for costs related to the environmental effects of their products faces an uphill battle as it tries to stretch current law to address ...
Wildfires, Trump Tax Cuts to Cause XL Group Some Q4 Pain
Fourth-quarter natural catastrophes took a toll on XL Group Ltd.'s bottom line, and the new Trump tax cuts will also cause some temporary pain, based on revised estimates from the Bermuda-based ...