Italy's insurance regulator said on Tuesday that it was perplexed by S&P's putting the country's biggest insurer, Assicurazioni Generali, on negative creditwatch last month.

Italy's insurance regulator said on Tuesday that it was perplexed by S&P's putting the country's biggest insurer, Assicurazioni Generali, on negative creditwatch last month.

A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen's SAC Capital Advisors LP's reinsurance business.

A deadly winter storm that drove parts of the United States into a deep freeze over the weekend kept a tight grip on the nation on Monday, as bitter temperatures, snow and ice spread across the East Coast, snarling traffic and knocking out power to thousands.

QBE Insurance Group Ltd said it expects to post a $250 million net loss this year due to writedowns and unexpectedly large claims after weak crop prices hit its U.S. operations, sending shares in Australia's biggest insurer down 20 percent.

Undocumented immigrants in Illinois began taking road tests on Tuesday to qualify for driver's licenses, starting a process expected to be closely watched by other U.S. states that are preparing to implement similar laws.

Undocumented immigrants in Illinois began taking road tests on Tuesday to qualify for driver's licenses, starting a process expected to be closely watched by other U.S. states that are preparing to implement similar laws.

The U.S. Chamber of Commerce on Monday called for changes to the U.S. financial risk council that could slow the process by which it designates large financial firms as "systemic," subjecting them to tougher supervision.