International & Reinsurance News

Hapag-Lloyd, Japanese Shipping Firms Continue to Re-route From Suez Canal

Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper said on Friday, adding a further assessment would be made on Jan. 2. Mitsui O.S.K. Lines and Nippon Yusen, …

Storm Gerrit Batters Northern UK, Damaging Houses, Knocking Out Power

A storm that battered the UK with high winds and heavy snow damaged houses, canceled trains and left thousands of people without electricity Thursday across Scotland and parts of northern England. Workers dealt with wind speeds of 80 miles per …

China Sets Tougher Capital Rules for Registering New Firms

Chinese lawmakers changed the country’s Company Law by setting tougher capital rules for registering a new firm, an effort to close loopholes in corporate governance and prevent financial risks. The revised law takes effect July 1, 2024, the official Xinhua …

JD.com Wins Anti-Monopoly Lawsuit Against Alibaba

Chinese online retailer JD.com 9618.HK said on Friday that it won a lawsuit against rival Alibaba 9988.HK, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. The High People’s Court of Beijing ruled that Alibaba Group Holding Limited …

When Children Take Toxic Cough Syrup, and Live…

Devouring books from a young age, Sheena Almaera Maryam had been excited about her first day of kindergarten near Jakarta. But when she developed a fever in September 2022, the syrup she was prescribed turned out to be toxic. It …

Top International Insurance Journal Stories of 2023

Yes, another year has flown by, and it’s once again time for the top international Insurance Journal stories of 2023. This year, they are a real hodgepodge of topics, ranging from hard market trends, to faulty wind turbines, to the …

Brokerslink Adds Peruvian Broker to Global Network

Global brokerage business, Brokerslink, has added Consejeros y Corredores de Seguros (CONSEJEROS), a leading broker in Peru, to its growing network. Founded over 34 years ago, CONSEJEROS is a highly respected broker with a strong track record in providing comprehensive …

Colombia to Pay $215 Million in Liabilities to Health Insurers

The Colombian government will pay private health insurers 820 billion pesos ($215 million) of funds owed since last year for high-cost treatments and medicines, according to a letter by the health ministry. In the letter to the inspector general’s office, …

Bulk Carrier Hits Mine in Black Sea, 2 People Injured, Ukraine Says

A Panama-flagged bulk carrier that was headed to a River Danube port to load grain hit a Russian mine in the Black Sea on Wednesday, injuring two crew members, Ukrainian officials said on Thursday. It was the latest incident of …

Tokyo Court Rules Only Fukushima Operator Must Pay Compensation, Cuts Damages

A Tokyo court has ruled that only the operator of the tsunami-wrecked Fukushima nuclear power plant had to pay damages to dozens of evacuees, relieving the government of responsibility. Plaintiffs criticized the ruling as belittling their suffering and the severity …

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