Government
Uber, Lyft Seek Compromise on Drivers’ Independent Contractor Status
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. ...
EU Claims to Be Ready for No-Deal Brexit on Oct. 31, Despite Undesirability
The European Union said it's ready for the U.K. to leave the bloc without a deal and isn't planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European ...
Federal Flood Insurance Program Wins Short Extension
Having failed several times to pass a $19 billion disaster aid bill with a federal flood insurance reauthorization provision by unanimous consent, the House of Representatives managed on Thursday to ...
Brexit Uncertainties Trigger Sharp Drop in European Business Confidence
Uncertainty over Britain's departure from the European Union has triggered a sharp drop in business confidence in Europe over the past six months, a survey showed on Thursday. Only 50% of European ...
Oklahoma Halts Policy Cancellations During Tornado Outbreak
Oklahoma Insurance Commissioner Glen Mulready on May 24 directed insurance companies to keep coverage in effect for storm victims for the next 30 days. The bulletin was issued following severe ...
China Says Hiking U.S. Tariffs Hurts World Economy But Has ‘Very Limited’ Effect on China
The U.S. escalation of trade tensions won't solve any of its problems but will create volatility in global markets and hurt the world economy, according to China's top financial regulator. Higher ...
China to Create New Company to Assume Anbang Insurance Business
The Chinese government is taking a major step in its efforts to sell a strategic stake in Anbang Insurance Group Co., the acquisitive insurer it took over last year amid a fraud investigation into ...
Federal Terrorism Reinsurance Program Is Keeping Market Stable: Marsh
The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program ...