Australia News

Qantas Says Global A380 Fleet Needs to Replace up to 40 Engines

About 40 Rolls-Royce engines used in the world’s fleet of Airbus A380 aircraft may need to be replaced to ensure safety after one such engine partly disintegrated mid-flight this month, Australia’s Qantas said. That would represent about half of all …

Feds Urges All States to Require Motorcycle Helmets

Federal safety officials are calling on states to require all motorcycle riders to wear helmets, citing a surge in fatalities since the late 1990s. Motorcycle deaths have increased over the last decade even as other traffic fatalities have declined, the …

U.S. Auto Fatalities Down But Safety Efforts Lag

The United States is lagging behind nearly every other high-income country in reducing annual traffic fatalities, said a report released this week by a U.S. government research panel. There’s some good news: U.S. traffic fatalities fell 9.7 percent in 2009 …

Countries Finalize Anti-counterfeit Trade Pact Text

Negotiators from nearly 40 countries have finalized the text of an international agreement to help fight the growing trade in fake and pirated goods, the European Commission and the United States said on Monday. The negotiators settled a handful of …

Aon Stresses Actuaries ‘Critical Role’ for Emerging Risks

In its presentation at the 17th General Insurance Seminar at the Gold Coast in Australia, Aon Benfield highlighted the critical role of actuaries in managing emerging risks for the re/insurance industry. “The profession’s role will evolve to deliver more robust …

Munich Re Raises FY Profit Forecast on $2.72 Billion 9-Month Results

Qantas Grounds A380s for 3 More Days to Inspect Engines

Australia’s Qantas Airways has grounded its A380 fleet for at least another three days as it investigates oil leaks as a possible cause of the explosion which tore apart one of the super jumbo’s engines last week. Qantas shares fell …

Family of Mississippi Inmate Who Died Sues Town, Private Prison Firm

The family of an inmate who died in prison is suing the town of Walnut Grove and a private corrections company, claiming Dennis Earl Holmes was denied adequate medical care before dying of what the plaintiffs believe was treatable diabetes. …

Whitaker Named Sr. VP of Marsh Global Market Relationship Team

Marsh’s London office announced the appointment of Cath Whitaker to the position of senior vice president in the International Division of its Global Market Relationship Management team. She joins Marsh from Willis, where she was acting managing director of its …

IAG Reaffirms Fiscal Year 2011 Earnings Guidance

Insurance Australia Group Limited (IAG) Managing Director and CEO, Mike Wilkins has advised the Group’s shareholders that, after the completion of the first quarter of its fiscal year, IAG was on track to meet its full year guidance of an …