Latest Bloomberg Headlines
All the headlines from our Bloomberg Topic Page, ordered by recency.
Hey Congress, Hurricanes and Health Care Have a Lot in Common: Bloomberg View
Sep 18 2017 // As Congress continues to struggle with health insurance reform, members should be ruminating on the scenes of “recovery” beaming in from East Texas and Florida, where the majority of households — many now...
California Governor Teaming with N.Y. Mayor to Track Climate Progress
Jul 14 2017 // California Gov. Jerry Brown announced yet another plan Wednesday to keep the United States on track to reduce greenhouse gas emissions under the international Paris climate agreement. This time, he’s teaming up with...
Bank of England Governor Warns Investors Failing to Consider Climate Risks
Jun 30 2017 // Bank of England Governor Mark Carney said he’s concerned investors aren’t doing enough to assess threats that global warming will have on assets they purchase. The central bank governor who also leads the...
Wells Fargo Weighing Sale of Insurance Brokerage Business: Bloomberg
May 9 2017 // Wells Fargo & Co. is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said. The San Francisco-based lender has begun reaching out to private...
Zika Outbreak in U.S. Would Cost from $180 Million to $10 Billion: Research
May 4 2017 // Even a relatively mild Zika outbreak in the United States could cost more than $183 million in medical costs and productivity losses, while a more severe one could result in $1.2 billion or more in medical costs and...
China’s Anbang Insurance Readies for 2017 IPO: Sources
Aug 23 2016 // Anbang Insurance Group Co., the Chinese owner of New York’s Waldorf Astoria hotel, has asked banks to pitch for role on a planned Hong Kong initial public offering next year, according to people with knowledge of the...
Pimco Total Return Boosts U.S. Treasury Stake to Most in 25 Months
Aug 10 2016 // Pacific Investment Management Co.’s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. Pimco is owned by...
Fosun Plans to Sell as Much as $6 Billion in Assets to Raise Credit Rating
Aug 1 2016 // Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After announcing more than...
AIG Prize Fight Hancock vs. Icahn: Who’s Winning Now?
Apr 7 2016 // News that activist investor Carl Icahn has his eye on a company must make any chief executive officer feel a bit like a water buffalo that has suddenly realized it is being tracked by a hungry lion. So it’s worth...
AIA 2015 Net Income Drops 22% on Weak Asian Currencies, Market Volatility
Feb 25 2016 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 22 percent decline in full-year profit as weaker regional currencies and stock-market gyrations detracted from business growth. The insurance...
Allianz Q4 2015 Profit Rises to $1.6B on Cat Claims; Lower Than Analyst Estimates
Feb 19 2016 // Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe’s biggest insurer increased to 1.42 billion euros ($1.6 billion) in the quarter from...
Islamic State’s Business Model Must Be Disrupted: Bloomberg Editorial
Nov 18 2015 // What it means for a European nation and member of NATO to declare war against a stateless band of terrorists is an interesting and important question, made urgent by Islamic State’s brutal attack on Paris last...
Bloomberg View: California’s Wildfires Didn’t Have to Be So Extreme
Sep 21 2015 // Warming temperatures and a historic drought made Northern California’s Valley fire faster to spread and harder to fight. But the bigger culprit, sadly but thankfully, was something under human control: forest...
Fosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks
Sep 14 2015 // Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying spree over the next two years after his Fosun Group snapped up insurers, banks and fashion companies...
AIA New Business Value Advances 21% in First Half on China
Jul 24 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 21 percent increase in new business value as China became its second-largest market for the first time by that measure. The gauge of projected...
Insure Against Risk of Climate Catastrophe: Peter Orszag in Bloomberg View
Jul 17 2015 // “Go Set a Watchman” isn’t the only book this year that brings new perspective to an old story line. “Climate Shock: The Economic Consequences of a Hotter Planet” should shift our narrative on...
Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer
Jun 10 2015 // Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine...
In Land of Negative Yields, Even Conservative Insurers Eye Junk Bond Investments
May 5 2015 // The new fixed-income haven is, of all things, the market for junk bonds. With government securities in Germany to Japan and Ireland yielding less than nothing, money is pouring into exchange- traded funds that buy...
Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg View
Apr 13 2015 // Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the...
NYC Comptroller Finds $6.8M Misspent for Superstorm Sandy Relief
Apr 2 2015 // New York misspent $6.8 million after Hurricane Sandy in payments to independent consultants for flawed and incomplete work that delayed help to at least 20,000 people with damaged homes, city Comptroller Scott Stringer...
