News

Chubb Europe Renews Concours d’Elégance at Salon Privé Sponsorship

Salon Privé and Chubb Insurance Company of Europe SE announced that they have renewed their sponsorship agreement for the esteemed automotive event’s Concours and Tour d’Elégance. Chubb said the “five-year agreement continues a hugely successful partnership, which, over the past …

Alberta Wildfires Burn for 6th Day, 10% of Oil Sands Crude Offline

Firefighters battled wildfires in northern Alberta, Canada’s biggest crude-producing region, for a sixth day on Thursday, with two blazes near oil sands facilities still out of control. The wildfires have forced producers in the Western Canadian province, the largest source …

Federal Water Center in Alabama to Provide Aid in National Water Crises

A new federal center will help improve forecasts and emergency response during future water crises like the California drought and flooding in Texas, Commerce Secretary Penny Pritzker said this week. Pritzker’s comments came during the unveiling of the National Water …

Tennessee Court: Employee Reporting Misconduct to Owner Not a Whistleblower

The Tennessee Supreme Court recently ruled that an employee must report an employer’s wrongful activity to someone other than the wrongdoer in order to qualify as a whistleblower. The court affirmed the dismissal of a whistleblower claim by Charles Haynes, …

Report: Florida Coastal Communities Rebuilt, Ready to Face Future Storms

Since eight hurricanes whipped through Florida during back-to-back seasons a decade ago, causing $33 billion in insurance claims, the state’s coastal communities have added an additional 1.5 million people and almost a half-million new houses, an Associated Press analysis shows. …

Factbox: Lloyd’s Chief, Other Leaders Offer Views on Britain’s EU Referendum

Prime Minister David Cameron has pledged to renegotiate Britain’s ties with Europe and then give voters a referendum on European Union membership by the end of 2017. Following are the views of business leaders: Lloyd’s of London Chief Executive Inga …

Fosun’s Equity Deals to Intensify as It Seeks to Fund Acquisition Ambitions

A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt to fund its huge acquisition …

European Central Bank Warns of Risks to Insurers of Low Interest Rates

The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone’s recovery. In its twice-yearly Financial …

Obama Signs Oklahoma Disaster Declaration

President Barack Obama has signed a disaster declaration for areas of Oklahoma affected by severe storms, tornadoes, straight-line winds and flooding in early May. The declaration signed on May 26 makes federal funding available to individuals whose property was damaged …

Let Congress, Not Courts, Decide Obamacare Reimbursements: Administration

U.S. House Republicans suing the Obama administration over the federal health care law should change it if they don’t like it, a Justice Department lawyer told a skeptical federal judge in a bid to have the lawsuit thrown out. The …

News Archives by Month