U.S.
Ping An Insurance, Confronting China Slowdown, Boosts Overseas Assets
Ping An Insurance (Group) Co., China's second-largest insurer, is boosting overseas assets as the nation's slowing economy and falling interest rates make it difficult to find investments with ...
Hurricane Katrina Led to Big Improvements in Coastal Building Codes
When Hurricane Katrina made landfall 10 years ago, it caused a whopping $41 billion in insured losses and more than $151 billion in overall economic losses. The storm left massive damages in coastal ...
AIG Pulls in $500M Selling off Remaining Stake in AerCap Stock
American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The ...
U.S. Regulators Accuse Two Pension Advance Companies of Cheating Retirees
U.S. regulators on Thursday filed a lawsuit accusing two companies of preying on retirees and military veterans by advancing high-cost loans disguised as pension advances, jeopardizing victims' ...
Lloyd’s: Drone Industry Threatened by Cyber Attacks, Reckless Pilots and Privacy Breaches
Cyber attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry's success, viability and risk management, according to a new Lloyd's report. Dubbed "Drones Take ...
Towers Watson: Top Talent + Analytics Will Help Advance Claims Operations
Large numbers of U.S. property/casualty insurers say they're struggling to attract and keep talented claims operations employees. They're also still figuring out how to best leverage analytics to do ...
FDIC Sues 3 U.S. Banks Over Shoddy Residential Mortgage-Backed Securities
The FDIC, a U.S. bank regulator, has sued three large U.S. banks to recoup some of the more than $695 million it lost from selling shoddy residential mortgage-backed securities once owned by a Texas ...
Uber’s Background Checks Missed Convicts: California Prosecutors
California prosecutors have broadened their civil lawsuit against popular online ride-sharing service Uber, alleging that its background checks missed people previously convicted of murder and sex ...