Sometimes in forecasting tornadoes, you can get everything technically right, and yet it all goes horribly wrong. Three days before the killer Alabama tornado struck, government severe-storm meteorologists cautioned that conditions could be ripe for twisters in the Southeast on …
Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s latest sigma report. Discussing the macro-economic …
The U.S. Department of Labor issued a long-awaited proposal on Thursday to extend mandatory overtime pay to a million more workers, far fewer than an Obama administration rule that was struck down by a federal judge. Currently, salaried workers are …
The Boston-based health care organization founded by giant employers Amazon, Berkshire Hathaway and JPMorgan Chase announced its name – Haven – and launched a new website at www.havenhealthcare.com. Haven will serve the 1.2 million employees and families affiliated with Amazon, …
Insys Therapeutics Inc. founder John Kapoor didn’t cut corners when it came to collecting intelligence on opioid sales, using the data to beat down his employees and to spur doctors to prescribe more of his highly addictive painkiller, a Boston …
Donelan Andrews of Georgia has been a teacher for 25 years. Armed with a consumer economics background, she says she always reads every contract when she buys something, and she teaches her students to do the same. When Donelan bought …
Sears is back into court, less than one month after emerging from bankruptcy protection. The retailer was sued on Wednesday by Stanley Black & Decker Inc, which accused it of breach of contract and trademark infringement over its new line …
A series of hurricanes tore through Florida in 2005, and Mar-a-Lago, President Donald Trump’s business and residence in Palm Beach, was apparently very beaten up because Trump collected about $18.3 million in insurance payments from Aon PLC that year. When …
It’s not often that you hear about a $24 billion deal brewing in the financial services industry. It’s even rarer that it goes from confirmation to breakup in less than a day. On Tuesday afternoon, Aon Plc confirmed a Bloomberg …
Aon plc has partnered with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation …
