Despite ludicrous claims to the contrary, Western sanctions have hurt Iran’s crude oil exports, but it’s also not all gloom and doom. In unsurprising, but obviously factually incorrect, remarks, the director of international affairs at the National Iranian Oil Co. …
El Nino weather conditions, which can bring droughts to parts of Asia and affect crops, have emerged but will likely be weak and short lived, New Zealand scientists said on Tuesday. El Nino is a warming of sea surface temperatures …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has launched “ELEMENTS 7, the loss calculation platform from Impact Forecasting, which enables insurers to more easily customize catastrophe models.” The bulletin explained that the …
Lloyd’s has announced two top level executive appointments. Vincent Vandendael will take over as Director – International Markets, and Bruce Van Saun has been appointed as an independent non-executive director on the Lloyd’s Franchise Board. Vandendael is scheduled to take …
Kiln, the international specialist insurance and reinsurance underwriting group, which is a part of Tokio Marine, announced that it has appointed Petra Pudemat as a new property underwriter in Frankfurt to write a broad range of property and facultative risks …
The latest report, at 5:00 a.m. AST, located the center of tropical storm Leslie “near latitude 24.7 north – longitude 62.5 west;” i.e. in the middle of the Atlantic Ocean, and far from any land. Leslie is almost stationary at …
Moody’s Investors Service has changed its outlook on the ‘Aaa’ rating of the European Union to negative, warning it might downgrade the bloc if it decides to cut the ratings on the EU’s four biggest budget backers: Germany, France, UK …
Keith Jandahl, vice president of Insurance Operations for Hasting, Mich.-based property/casualty insurer, Hastings Mutual Insurance Co., is retiring at the end of 2012, the company announced. Jandahl retires after a 35 year career in the insurance industry. During his time …
The Agent Support Network of America, ASNOA has welcomed its two newest partners, insurance veterans J. Scott Loveland and Roger Collins. J. Scott Loveland, owner and founder of Springfield, Mo.-based Scott Loveland Insurance LLC, has purchased the principal agency partner …
Illinois has received a $1 million federal grant to improve how it helps consumers who have complaints about insurance industry practices. Illinois Department of Insurance Director Andrew Boron announced the award on Aug. 30. The funding comes through the Affordable …
