Otto Thoresen, director general of the Association of British Insurers has issued a statement outlining the organization’s position on flood coverage in the UK, in response to recent proposals from the government. “This is a frustrating update from the Government,” …
The 153 members of the World Trade Organization agree on two things: We’re in a hole. And we must keep digging. The hole is the Doha Development Round, a decade-old negotiation that was billed as the next stage of trade …
From floods that crippled countries, to mega cyclones, huge blizzards, killer tornadoes to famine-inducing droughts, 2011 has been another record-breaker for bad weather. While it is too early to predict what 2012 will be like, insurers and weather prediction agencies …
General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc, is interested in buying South Korea’s Tong Yang Life Insurance to tap into the promising market, South Korean media reported on Wednesday. Tong Yang’s majority stakeholder Vogo Fund is seeking …
Officials in Pascagoula, Mississippi are asking lawmakers to amend a state law and allow local governments to enforce federal floodplain codes at hunting and fishing camps so they can qualify for the National Flood Insurance Program. City attorney Eddie Williams …
Several cities in Nebraska and Iowa made Farmers Insurance’s lists of the safer and most secure places to live in the country. The insurer ranked cities of different sizes based on crime rates, natural disaster risks, environmental hazards, car accidents, …
A professor who says her remarks about a Palestinian film cost her a job at North Carolina State University wants the state Supreme Court to review her case. Lawyers for Terri Ginsberg filed an appeal this month of a ruling …
North Dakota residents who have taken turns battling major floods the last three years may be in for a break, based on the first National Weather Service flood outlook of the season. Hydrologist Allen Schlag says the current dry weather …
The U.S. Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge’s decision to reject its $285 million settlement with the bank. The case will be put …
A federal judge ruled that BP was not negligent in the case of a 2009 oil spill and did not violate the terms of its probation from an earlier accident thus escaping further punishment. The decision is a victory for …
