Australia News

Keeling Named Guy Carp President, CEO – International Operations

Guy Carpenter & Company announced that it has named Henry Keeling as President & Chief Executive Officer of International Operations, effective August 1, 2009. He will also chair Guy Carpenter’s International Board and will be responsible for its operations in …

Key Australian Senator Condemns Proposed Pollution Laws

Australia’s ambitious plan to cut carbon dioxide emissions appeared doomed when a crucial senator said Monday he would not vote for the government’s proposed laws. Sen. Steve Fielding is one of two independents in the Senate the government needs this …

Did Florida’s 2003 Reforms Reduce Workers’ Comp Attorney Involvement?

After Florida limited the fees paid to attorneys in workers’ compensation in 2003, attorney involvement in cases fell only slightly, according to new research. A significant proportion of Florida workers injured at work were able to hire attorneys to represent …

WHO Poised to Declare First Flu Pandemic Since 1968

The World Health Organization was poised on Thursday to declare that the new H1N1 virus has caused the first influenza pandemic in more than 40 years, health sources said on Thursday. The move will trigger heightened health measures in the …

Association of British Insurers Warns of Regulation ‘Contagion’

The Association of British Insurers has issued a statement warning that regulators and governments “must not harm other industries, such as insurance, as they deal with the banking crisis.” In a new report, “Restoring Market Confidence”, published ahead of its …

WHO Official Says World Edging Towards Flu Pandemic

The spread of H1N1 flu in Australia, Britain, Chile, Japan and Spain has nudged the world closer to a pandemic, the World Health Organization said on Tuesday. The newly-discovered strain had caused more infections than seasonal influenza at the start …

New Aon Terrorism Threat Map Shows Shift in Sphere of Conflict

Aon has just issued the latest version of its “Terrorism Threat Map.” The most significant change from previous maps shows a “shift in Islamist terrorist activity from the Middle East to South Asia.” The new map shows a trend towards …

IAG Receives Around 4,000 Storm Claims

Insurance Australia Group Limited (IAG) has confirmed that it currently expects to pay between A$25 million and A$35 million (US$20.2 to $28.3 million) to customers affected by the recent storms in south-east Queensland and Northern New South Wales. Its operating …

New Municipal Bond Insurer Set to Launch, Reports Reuters

A newly formed U.S. municipal bond insurer, ready to open its doors as soon as it gets credit ratings, expects to launch with about 50 employees and double that number as it ramps up, executives told Reuters. Municipal and Infrastructure …

Cunningham Lindsey U.S. CEO: Market Conditions Not Slowing Growth

With its acquisition in early 2009 of the international business of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property casualty insurance claims adjusting and risk management firm …