Newly released data from Finaccord, a London-based market research consultancy specializing in financial services, reveals that the market for commercial non-life insurance broking reached a value of €9.89 billion [$12.165 billion] in commissions and fees in 2011. The report said …
Climate indicators for an El Niño event in the western Pacific have eased slightly in the past two weeks, but meteorologists still expect the weather pattern, which can bring drought to the Asia-Pacific and damage crops, to form late in …
An expanding U.S. drought, now deemed the worst since 1956, dealt another blow to the corn crop, with conditions deteriorating for a second straight week in the world’s top exporter of the grain, U.S. government data showed on Monday. There …
The International Monetary Fund has cut its forecast for global economic growth and warned that the outlook could dim further if policymakers in the euro zone do not act with enough force and speed to quell their region’s debt crisis. …
German Chancellor Angela Merkel warned on Monday that global warming will accelerate at a dramatic rate unless leaders reach a deal on limiting greenhouse gas emissions as soon as possible. After marathon talks in Durban last December, countries agreed to …
Tougher action by international navies and the use of private armed guards on ships have more than halved the number of Somali pirate attacks, the International Maritime Bureau (IMB) said on Monday. Last year, Somali piracy in the busy shipping …
Global Special Risks (GSR), part of RSG Underwriting Managers, LLC, has launched a new liability package policy for energy consultants working primarily in the complex offshore/onshore and “fracking” environments. This unique package policy is the latest program in GSR’s more …
Kentucky Gov. Steve Beshear has alerted the federal government of his intention to create a statewide health insurance exchange to help Kentuckians find affordable coverage. Beshear sent a letter last week to Health and Human Services Secretary Kathleen Sebellius informing …
Mississippi Insurance Commissioner Mike Chaney said work has been completed on a plan for an online marketplace for Mississippians to shop for insurance policies and nothing more needs to be done for now. Chaney spokesman Joseph Ammerman said Friday the …
As images and sound are beamed from the UK to devices all over the world, insurers and reinsurers will play a key role in the transmission of the 2012 Olympic Games that run from July 27 to Aug. 12 in …
