Chinese insurance companies have started to pay compensation to the families of passengers aboard a missing Malaysia Airlines plane presumed crashed in the southern Indian Ocean.

International rating agency Standard & Poor's has removed Generali from its Credit Watch list after ascertaining that Italy's biggest insurer would not exhaust its regulatory capital even if its home country were to default on its debt.

The reinsurer did not forecast an industry loss estimate, but said the $500 million estimate reported in some media is clearly too high.

Allianz has started to make payment on claims linked to the disappearance of a Malaysian airliner earlier this month, the German insurer said Tuesday.

Seattle lawmakers on Monday voted to cap the number of rideshare company drivers in a hotly contested move to limit a industry that has emerged in scores of cities to compete with traditional taxis.

Seattle lawmakers on Monday voted to cap the number of rideshare company drivers in a hotly contested move to limit a industry that has emerged in scores of cities to compete with traditional taxis.

UberX on Friday expanded the insurance coverage it offers to ridesharing drivers, a step toward easing U.S. regulators' and lawmakers' concerns and creating broader acceptance of the services.

Berkshire Hathaway chairman and chief executive Warren Buffett said on Friday that his firm had eliminated most of its catastrophe insurance business in the United States.