Lawrence Eagleburger, Chairman of the International Commission on Holocaust Era Insurance Claims (ICHEIC), announced the launch of a comprehensive international effort to resolve outstanding claims on insurance policies held by victims of the Holocaust. The ICHEIC was formed in 1998 …
At the end of January, a breach in a retention dam at the Aural gold mine site in Baia Mare released more than 3.5 million cubic feet of highly toxic cyanide into the Tisza River, a tributary of the Danube. …
Japan’s third largest p/c insurer, Mitsui Marine and Fire Insurance Co., has bowed out of an alliance agreement announced in October with Nippon Fire and Insurance Co. and Koa Fire and Insurance Co. The cause of the breakdown in negotiations …
Risk Management Solutions (RMS) announced that, based on its loss modeling analyses, it does not expect Windstorms Lothar and Martin to be termination events to the catastrophe bond issued by Halyard Re SPV on behalf of Sorema SA (Paris). The …
A U.S. government’s top art expert from the World War II era said the Nazis stole 600,000 pieces of art in Germany and the European lands they occupied during Hitler’s 12 years in power. About 200,000 works came from Germany …
Japan’s main island was shaken by a pair of moderate earthquakes Friday, but there were no immediate reports of damage or injuries, AP reported. The first quake struck at 4:14 p.m. and was centered about in Iwate state, about 240 …
Even though net income will be reduced by around 100 million Euros ($98 million) caused by the year-end storms which struck France, AXA S.A. announced a significant estimated earnings increase of 15 percent over 1998 figures. Total revenues were expected …
With a heavy emphasis on growing e-commerce business, Chairman Max Taylor announced the publication of Lloyd’s new business plan, “Priorities for Growth 2000-2003,” calling it a “Manifesto for the Future.” The far-ranging document aims to accelerate the overall restructuring of …
American International Group is launching a consumer-targeted magazine in Japan called Success Stories: Japan. Readers can learn about American International Group’s (NYSE:AIG – news) new strategy to win loyalty from millions of Japan policyholders even before the company announces it. …
Astronomers have discovered an asteroid flying through space that could crash into the Earth in 2022, The New York Times reported Tuesday. Although astronomers say the chance of a collision is about 1 in 1 million, more observations are needed …
