A strong earthquake struck near the central Italian town of L’Aquila early this morning, demolishing buildings and infrastructure. The death toll has already reached 50, but local authorities have indicated that many more people are missing and feared dead. Estimates …
Zurich Financial Services announced that “after more than 11 years of dedicated service to Zurich, its employees, its shareholders and its customers, Patrick O’Sullivan will be retiring effective April 30, 2009.” O’Sullivan first joined the Group as CEO, General Insurance …
Validus Holdings signaled that it isn’t going to go away quietlyi n its bid to gain control of IPC Holdings from rival bidder Max Capital (See IJ web site – https://www.insurancejournal.com/news/international/2009/04/03/99290.htm and https://www.insurancejournal.com/news/international/2009/04/02/99262.htm). The Bermuda-based company issued a bulletin setting …
Lloyd’s Chairman, Lord Peter Levene, has given his views on protectionism, regulation, recession and tomorrow’s world order in an interview on Bloomberg TV. He also “assessed the mood of the G20 leaders, saying that politicians showed unity and were sincere …
Somali pirates have seized a 20,000-tonne German container vessel in their latest attack on the Indian Ocean’s busy commercial shipping lanes, a regional maritime group said Sunday. Heavily armed gangs from the lawless Horn of Africa nation hijacked dozens of …
Four nations were blacklisted as uncooperative tax havens Thursday after G-20 leaders declared the age of banking secrecy was over and said they would no longer tolerate shady havens draining away badly needed tax revenue. At the request of the …
A massive ice shelf anchored to the Antarctic coast by a narrow and quickly deteriorating ice bridge could break away soon, the European Space Agency has warned. The Paris-based agency said satellite images show the bridge that connects the Wilkins …
An U.S. Army reservist is suing the University of Washington, accusing the institution of harassment and discrimination for serving in the Iraq war. A report on seattlepi.com says that Army Reserve Lt. Col. James Lukehart has been employed at the …
The March 5 explosion in downtown Bozeman, Mont., that killed a 36-year-old woman and destroyed several buildings has cost the city more than $276,000, the city’s finance director said. Anna Rosenberry said the city would submit a claim in the …
A San Diego County city has agreed to pay about $4 million to settle a lawsuit over a 2005 landslide that damaged or destroyed 22 homes. The deal, outlined in a signed settlement was confirmed by Oceanside City Attorney John …
