Japan Faces Another Typhoon With Trains, Hundreds of Flights Canceled August 14, 2023 By Nicholas Takahashi and Lisa Du Japan is preparing for its second typhoon in a week, with airline companies canceling flights and rail operators halting some...
Coronavirus Health Effects Could Last for Years for Some Survivors May 13, 2020 By Lisa Du More than one million people around the world have been deemed recovered from the coronavirus, but beating the initial sickness...
Typhoon Tapah Disrupts Hundreds of Domestic Flights in Japan and South Korea September 23, 2019 By Sam Kim and Lisa Du Hundreds of domestic flights in Japan were canceled because of Typhoon Tapah, and the storm caused similar disruptions in South...
AIG CEO Hancock to Depart Under Pressure from Icahn, Other Investors March 9, 2017 By Katherine Chiglinsky, Lisa Du and Sonali Basak American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters, results...
Progressive’s Flo Returns to Grab Business as Competitors Raise Rates March 6, 2017 By Lisa Du and Steven Crabill Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in...
Insurers Caught In Municipal Bond Slump While Awaiting Trump Tax Plan February 28, 2017 By Sonali Basak, Romy Varghese and Lisa Du The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance...
AIG to Sell Vermont’s Stowe Mountain Ski Operations After Seven Decades February 22, 2017 By Lisa Du and Sonali Basak American International Group Inc., the insurer that’s been divesting assets to narrow its focus, agreed to sell ski operations at...
AIG’s Losing Streak Continued in Q4 February 15, 2017 By Lisa Du and Sonali Basak American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive...
Canada Pension Fund OMERS to Invest $1B in Fairfax’s Allied World Purchase January 27, 2017 By Lisa Du and Scott Deveau Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax...
AIG Reinsurance Deal May Spell Short-Term Loss, Long-Term Gain for Berkshire January 25, 2017 By Lisa Du and Sonali Basak Berkshire Hathaway Inc.’s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett’s company risks posting...