A U.N. report about ways to fix global warming due on Sunday is likely to disappoint investors seeking clear-cut economic calculations about the benefits and costs of curbing rising greenhouse gas emissions. Authors say the report stops short of an …
A bulletin from Fitch Ratings indicates that, based on preliminary analysis, Chile’s insurance industry solvency “will not be affected by the recent Iquique earthquake and tsunami. Chilean property/casualty (P&C) insurance industry will likely absorb limited losses from the earthquake and …
Aon Plc was sued by the Port Authority of New York and New Jersey which claims the insurance broker kept unauthorized commissions and failed to return premium overpayments, causing the agency to pay millions of dollars more than it should …
The director of the Alabama Securities Commission expects a new state law to make it easier to prosecute securities fraud cases that take years for the crime to emerge. Gov. Robert Bentley signed legislation this week sponsored by Republican Rep. …
The National Hurricane Center has downgraded Hurricane Camille’s strength at its catastrophic landfall in 1969. The Category 5 hurricane came ashore along Mississippi’s coast. The storm was blamed for 256 deaths in the U.S. and $1.4 billion in damage at …
U.S. Health and Human Services Secretary Kathleen Sebelius is resigning after overseeing the botched rollout of President Barack Obama’s signature healthcare reforms, a White House official said on Thursday. Her departure removes a lightning rod for Republican critics as Obama …
The National Hockey League was sued by nine former players who claim a culture of “extreme violence” resulted in head injuries and subsequent long-term consequences related to trauma. The NHL has failed to warn players against the risks of head …
Rising heat in the equatorial Pacific Ocean portends the quietest Atlantic hurricane season in five years, Colorado State University researchers said. Nine named storms, with winds of at least 39 miles (63 kilometers) per hour, are expected to develop this …
Axa SA is exploring the sale of a U.S. subsidiary that shoulders risks tied to variable annuities, as Europe’s second-largest insurer narrows its focus in North America, according to people familiar with the matter. The insurer is working with Morgan …
A bipartisan group of U.S. senators has agreed on legislation to extend the government’s financial backstop of terrorism insurance for seven years. The legislation would raise private insurers’ co-payments to 20 percent from 15 percent. “In the long shadow of …
