Japan is preparing for its second typhoon in a week, with airline companies canceling flights and rail operators halting some operations. Typhoon Lan is forecast to make landfall Tuesday in central Japan near Osaka, the country’s second largest metropolitan area, …
More than one million people around the world have been deemed recovered from the coronavirus, but beating the initial sickness may be just the first of many battles for those who have survived. Some recovered patients report breathlessness, fatigue and …
Hundreds of domestic flights in Japan were canceled because of Typhoon Tapah, and the storm caused similar disruptions in South Korea as it moved to make landfall later Sunday. Airlines operating in Japan called off more than 420 domestic flights …
American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters, results that hurt investors including activists Carl Icahn and John Paulson. Hancock, 58, will remain CEO until a successor is named, …
Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in the second half of 2016 when increased costs from car accidents threatened the company’s profit goals. “We’re excited to be …
The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trump’s victory in …
American International Group Inc., the insurer that’s been divesting assets to narrow its focus, agreed to sell ski operations at Vermont’s Stowe Mountain to Vail Resorts Inc. AIG will retain majority ownership of the base area, which includes a 312-room …
American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability. The net loss widened to $3.04 billion, or $2.96 a share, from a …
Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. The investment will give OMERS a 21 percent stake in Allied …
Berkshire Hathaway Inc.’s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett’s company risks posting its first annual underwriting loss since 2002 at its property/casualty business, according to Credit Suisse Group AG. The AIG transaction …
