International News

Allianz Risk Barometer Finds Business Interruption Top Concern

Companies increasingly worry about the unpredictable business environment where markets are volatile and political perils, such as protectionism or terrorism, are on the rise. Other growing concerns are digital dilemmas arising from new technologies and cyber risks, as well as …

Search Ends for Missing MH370, Aviation Mystery Remains Unsolved

The hunt for Malaysia Airlines Flight 370 was called off Tuesday after almost three years of fruitless toil. The Boeing Co. 777 aircraft disappeared on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on …

UK Merger Activity Expected to Drop Sharply

Mergers and acquisitions in the U.K. are likely to drop sharply this year amid uncertainty over Britain’s relationship with the European Union, according to research released Monday. The value of deals is expected to fall to $125 billion this year …

Inland Flooding Leads List of Climate Disasters That Cost $46B in 2016

Climate-based disasters caused $46 billion in damage and killed at least 138 in the 48 contiguous U.S. states last year, with inland flooding emerging as the costliest weather event for the first time since 1997. The number of billion-dollar occurrences …

McAfee: Cyber Criminals to Target Cloud Technology, IoT Systems

Hackers are expected to take advantage of vulnerabilities associated with cloud technology and the Internet of Things, according to McAfee Labs 2017 Threat Predictions report, released late last year. Other predictions, including a major advancement in threat intelligence sharing, hacktivists …

Steep Rise in Sea Levels Could Result From Changing Antarctic Waters

Current changes in the ocean around Antarctica are disturbingly close to conditions 14,000 years ago that led to the rapid melting of the Antarctic ice sheets and a three meter rise in global sea levels. New research published recently in …

Business News: The Hartford, Location, Inc., Olympus Insurance Company

The Hartford,┬áNational Indemnity Company Hammer Out Reinsurance Agreement Covering Asbestos and Environmental Liability Reserves The Hartford has entered into a definitive agreement effective Dec. 31, 2016 with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc., for a $1.5 …

BMW Will Deploy Self-Driving 7-Series on Roads This Year

BMW AG will dispatch a fleet of autonomous vehicles to U.S. and European cities in this year’s second half, the next step in its partnership with Mobileye NV and Intel Corp. to introduce fully self-driving vehicles by 2021. The German …

Munich Re: 2016 Global Natural Catastrophe Losses Climb, Total $175B

A number of devastating earthquakes and powerful storms made 2016 the costliest twelve months for natural catastrophe losses in the last four years, according to Munich Re. Losses totaled $175 billion, more than two thirds above the previous year and …

WNBA Offers Players Mobile Security App for Safety Overseas

The WNBA is offering an assist to players trying to stay safe while traveling overseas. The league has partnered with LiveSafe, a safety communications platform, to provide a mobile security app to its 60-plus players competing in Russia, Turkey, China …

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