British insurer Prudential launched its long-awaited $21 billion cash call and a delayed offensive to woo wary shareholders to back its takeover of rival AIG’s Asian unit. The UK’s Financial Services Authority forced the country’s largest insurer to revise its …
America is emerging from a deep recession caused by financial messes on Wall Street, but Dr. J. David Rogers says the Federal Reserve is still being bankrupted by natural disasters. “The National Flood Insurance Program was bankrupted by Katrina and …
National Australia Bank, which has seen its $13 billion takeover bid for AXA Asia Pacific Holdings Ltd blocked by the competition regulator, is preparing to sell some assets to appease the government watchdog, two sources said. NAB, staring at an …
The UK’s Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source familiar with the process told Reuters on …
Europe’s debt troubles could undermine its currency, White House Economic Adviser Paul Volcker said Thursday. Volcker, a former Federal Reserve chairman and a widely respected economist, told students at the London School of Economics that it was difficult to have …
Over the last two days, May 12-13, over 40 representatives from Caribbean and international agencies held a meeting in Barbados to discuss the initial results from a recent investigation into the Economics of Climate Adaptation (ECA) in the Caribbean. The …
A Tallahassee man has been arrested on charges of arson, insurance fraud and grand theft after state investigaors said they determined the suspect intentionally set fire to his yacht, a 50-foot SeaRay named “Shameless,” and then filed a false insurance …
The makers of file-sharing software LimeWire are liable to 13 major record companies that accused the service of infringing their music copyrights, a Manhattan federal judge has ruled. In a ruling made public Wednesday, U.S. District Judge Kimba Wood agreed …
Two state lawmakers are the leading candidates for the Democratic nomination for California insurance commissioner, the statewide office responsible for regulating insurers at a time of great change and heightened scrutiny for health care coverage. Assemblymen Dave Jones of Sacramento …
Despite concerns about natural gas drilling, residents in one small Texas town don’t have higher levels of cancer-causing contaminants in their blood than the rest of the nation, state health officials have said. Dish residents were tested after Texas environmental …
