Years After Quake, Workers Claim Exploitation
Jan. 8 (Bloomberg) -- The reconstruction of quake-damaged Christchurch has been hit by claims that foreign workers are being exploited and even not paid. As Paul Allen reports, the New Zealand government says a law change may be needed to address the problem. (Source: Bloomberg)
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The Natural Catastrophes Hurting Swiss Re's Profits
55:16 - Swiss Re AG, the world’s biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims including earthquakes in Japan and forest fires in Canada. Net income declined to $637 million from $820 million a year earlier, the Zurich-based company said in a statement on Friday. That beat the $605 million average estimate of nine analysts in a Bloomberg survey. Chief Financial Officer David Cole discusses with Bloomberg's Francine Lacqua on "The Pulse."