News

An earthquake with a magnitude of 7.8 struck deep underground about 621 miles off Japan, causing tremors in Tokyo and power outages.

Consumer purchases unexpectedly stalled in April as Americans used income gains to shore up savings, raising the risk the biggest part of the economy may take time to gain momentum after a slow start to the year.

American Express Co. president Ed Gilligan died suddenly Friday morning.

Also compares forecasts for the 2015 hurricane season from several market experts, including NOAA and Colorado State University.

Xuber survey finds that cultural integration is the biggest challenge reinsurers face. Plus: views on regulation and the London market.

BP wont seek to access Transoceans $750 million insurance policy for the Deepwater Horizon rig.