Aon Specialty, a division of Aon Risk Services, has unveiled the UK arm of its global Aon Energy unit. “The launch of the new management team follows the integration of energy specialists from the former Benfield Corporate Risks into the …
Global warming is more than a third to blame for a major drop in rainfall that includes a decade-long drought in Australia and a lengthy dry spell in the United States, a scientist said on Wednesday. Peter Baines of Melbourne …
Research showing an El Nino event in 1918 was far stronger than previously thought is challenging the notion that climate change is making El Nino episodes more intense, a U.S. scientist said on Tuesday. El Nino causes global climate chaos …
According to a study from Australian insurer NRMA, part of the Insurance Australia Group (IAG), younger drivers, who listen to music while at the wheel, are acting dangerously. NRMA said its research “revealed almost one in two (44 per cent) …
$1 Billion The effects of the widespread peanut butter recall could cost rural America’s peanut producers $1 billion in lost production and sales, according to testimony at a House subcommittee hearing. That could be just the beginning, the head of …
About half of the white sand beaches along Australia’s northeast coast that were blackened by an oil spill have been cleared, an official said Sunday. Authorities declared a disaster zone along 37 miles (60 kilometers) of some of Australia’s most …
A new study, released by the UK-based Maplecroft, has determined that “the increase in both frequency and severity of climate related disasters is increasingly impacting upon developed and emerging economies.” Maplecroft, according to its web site (www.maplecroft.com ) provides quantitative …
Hawai’i Insurance Commissioner J.P. Schmidt has released the final payments from the estate of the failed insurer HIH America Insurance Company of Hawai’i Inc. HIH Hawai’i has now paid 100 percent of its Hawai’i creditors in full. “Typically, insolvent companies …
Burnett Holdings, QBE New Orleans-headquartered insurance wholesaler Burnett Holdings Inc. (Burnett) was acquired by QBE Holdings Inc. (QBE), part of Sydney, Australia-based QBE Insurance Group, effective Dec. 31, 2008. The company will continue to operate under the name of Burnett …
Sports and leisure insurer Sportscover has offered immediate assistance to client businesses that have been directly affected by the Australian bushfires. The insurer said it has “set aside initial funds for distribution to affected clients to ensure that they can …
