Germany’s largest insurer has signed a partnership agreement with car-maker Daimler to provide global automotive insurance. The agreement also provides that Allianz will become Daimler’s exclusive partner for automotive insurance business for its vehicles in Italy, in addition to the …
The Asia Special Situation Acquisition Corp. (ASSAC) announced that it has completed its business combination by the acquisition of one insurance company together with approximately $650 million of assets from two unaffiliated investment funds. The investment corporation is also working …
A report from Risk Management Solutions on tropical storm Magda places it at around 500 miles (800 kms) northeast of Port Hedland, Australia, and 520 miles (830 kms) west-southwest of Darwin, according to the Joint Typhoon Warning Center (JTWC). When …
Life insurer and fund manager AXA Asia-Pacific Holdings Ltd expects to report a forecast-beating profit for 2009, putting pressure on rival bidders to raise their offers in a $12 billion battle for the company. AXA Asia-Pacific, which is being circled …
Hopes for stronger world action in 2010 to curb climate change have dimmed after the U.S. Democrats lost a key Senate seat to a Republican opposed to capping emissions, experts said Wednesday. The election of Republican Scott Brown, an opponent …
Workers’ compensation total costs per claim in Michigan are among the lowest of 15 states, and the growth of these costs in Michigan over time has been more stable than in most other study states, according to a new study. …
Authorities declared two flooded farming regions in southwestern Australia natural disaster zones Monday as residents in one town nervously watched a rising river in hopes that it wouldn’t break its levees. Parts of Coonamble and Bourke districts in New South …
Wildfires roared across a swath of Western Australia on Wednesday, razing almost 40 homes and sending hundreds of people fleeing for their lives, officials and witnesses said. At least three people were injured. Two major blazes burned out of control …
A report from Munich Re confirms that losses from natural catastrophes “were far lower in 2009 than in 2008 due to the absence on the whole of major catastrophes and a very benign North Atlantic hurricane season.” However, the reinsurer …
A massive undersea earthquake is long overdue beneath the Mentawai islands in Indonesia and could trigger another deadly tsunami, say scientists mapping one of the world’s most quake-prone zones. Unlike the 2004 Indian Ocean tsunami, which killed around 226,000 people, …
