December 28, 2017
AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched an online motor accident reporting platform that allows policyholders to make accident reports and commence the claims process online. Designed to streamline the customer experience, AIG Singapore said, the platform …
December 28, 2017
A string of data-tampering scandals at Japanese manufacturers has not tarnished Japan’s image, though it has been a powerful reminder to avoid sacrificing quality when under cost or delivery pressure, a senior economic official said on Wednesday [Dec. 27]. Since …
December 28, 2017
An explosion at a grains terminal in Argentina owned by China’s COFCO International on Wednesday killed one employee, injured others and affected shipping activities from one of the world’s top food suppliers, the conglomerate said. The cause of the blast …
December 28, 2017
Kobe Steel Ltd, at the center of a data-falsification scandal that has shaken Japan’s manufacturing industry, admitted for the first time that executives were aware of the cheating, and reassigned three senior officials. Japan’s No.3 steelmaker, which supplies the manufacturers …
December 27, 2017
A powerful storm that left a trail of death and destruction in the Philippines was downgraded to a tropical depression Tuesday [Dec. 26] and failed to make landfall in Vietnam. Hundreds of thousands of people in Vietnam’s Mekong Delta had …
December 27, 2017
Starr Cos. announced it is working with China’s PICC Health Insurance Co. Ltd. to provide insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries. The companies are providing a specialty accident and health offering jointly …
December 27, 2017
Self-driving cars may be the future, but relinquishing control of the wheel certainly takes some getting used to. It’s one thing to go (slowly) with the flow on well-marked city streets, for which many self-driving cars were initially developed and …
December 27, 2017
UnitedHealth Group Inc said on Friday [Dec. 22] it signed a definitive agreement to buy Chilean healthcare company Banmedica SA for $2.8 billion, expanding the health insurer’s footprint in South America. Banmedica operates health insurance, clinics and other services. UnitedHealth …
December 27, 2017
Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Heather Clarkson as managing director – Marine. She takes up her role on Jan. 2, 2018 and will report to Andrew Draycott, CEO – Energy, Marine & Construction. …
December 22, 2017
Ratings agency A.M. Best has removed Allied World Assurance Co. Ltd. and its divisions from their status as “under review with negative implications” and affirmed Allied World’s financial strength rating of “A” (Excellent) and the long-term issuer credit ratings of …