Italy News

Climate Model Predicts Dramatic Changes in U.S. Over Next 100 Years

The most comprehensive climate model to date of the continental United States predicts more extreme temperatures throughout the country and more extreme precipitation along the Gulf Coast, in the Pacific Northwest and east of the Mississippi. The climate model, run …

S&P Assigns ‘A-‘ Rating to Italy’s Toro, Nuova Tirrena

Standard & Poor’s Ratings Services announced that it has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to Italy-based composite insurers Toro Assicurazioni SpA and Nuova Tirrena SpA, with a stable outlook. “The ratings on Toro Assicurazioni …

Allianz Posts $934 Million Q3 Profit Despite Hurricane, Flood Losses

Germany’s Allianz had a very successful third quarter with net income up 70 percent to €794 million ($934 million) and €1.7 billion (2 billion) operating profit,” despite,” said the company’s bulletin “a net burden arising from natural catastrophes amounting to …

Italian Regulator Approves Allianz’ RAS Share Purchase

Germany’s Allianz announced that on October 13 Consob, the Italian financial markets authority, approved Allianz’s tender offer document relating to the offer to purchase all ordinary and savings shares, it does not already own, of Riunione Adriatica di Sicurtà SpA …

Mafia Retirement Benefits Often Include Funeral, Little Else

No pension, no medical benefits, no prescription plan. When you’re a mob boss, retirement is more bronze casket than golden parachute. Since the 1930s ascension of the Mafia, its leaders have departed “The Life” almost exclusively through their deaths. Albert …

Mafia Retirement Benefits Often Include Funeral, Little Else

No pension, no medical benefits, no prescription plan. When you’re a mob boss, retirement is more bronze casket than golden parachute. Since the 1930s ascension of the Mafia, its leaders have departed “The Life” almost exclusively through their deaths. Albert …

Allianz Offers $7 Billion for Remaining RAS Shares; Plans Restructuring

Germany’s Allianz AG announced an offer to shareholders of Riunione Adriatica di Sicurtà (RAS) S.p.A for the approximately 45 percent of the shares it doesn’t already own. At 19 euros ($23.35) per share that makes the offer worth around 5.7 …

International Newsbriefs

Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions that have hit Europe in …

Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions that have hit Europe in …

Extreme Weather Hits Europe

Devastating fires in Portugal; torrential rains in Switzerland, Austria and Romania; drought in much of France – the list of extreme weather conditions continues to grow in Europe. No contrast is more vivid than scenes of uncontrolled forest fires raging …