Benfield Corporate Risk, the corporate insurance and risk intermediary catering for the risk management and transfer needs of the corporate sector worldwide, announced the opening of its first office in Australia. Bypassing Sydney and Melbourne, Benfield opted to establish its …
Allianz Australia Insurance Group has taken an equity position in Global Transport & Automotive Insurance Solutions (GT), formerly Global Motor Underwriting, to “provide a market leading facility to service Australia’s transport, fleet and specialist equipment customers and, most importantly, the …
The World Health Organization on Monday said it was alarmed by figures showing that over 3,300 people in the Western Pacific region die daily of road traffic accidents, suicide, drowning and other injury-related deaths. According to the World Health Organization, …
Standard & Poor’s Ratings Services announced that it has raised its insurer financial strength and counterparty credit ratings on Allianz Australia Insurance Ltd. to “A+” from “A” and it maintains a positive outlook. “The ratings on Allianz Australia reflect the …
Louisiana’s average total cost per claim placed it among the group of states with higher average costs per claim when compared to the median study state, according to a new report by the Cambridge, Mass.-based Workers Compensation Research Institute (WCRI). …
As previously indicated (See IJ Website May 11), Standard & Poor’s Ratings Services has lowered its insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai Insurance Ltd. (QBE Hongkong Shanghai) to “A” from “A+” following the …
Standard & Poor’s Ratings Services announced from its Melbourne office that it has placed its “A+” insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai Insurance Ltd. on CreditWatch with negative implications. S&P said it had …
Product recalls pose financial, logistical and communication challenges Part 1 of a two-part series on Product Recall. Protecting consumers is the number one priority in a product recall. The challenge is whether it can be done without crippling the business. …
Protecting the consumer is the number one priority in a product recall. The challenge is, can you do so without crippling your business? For large and small consumer goods manufacturers and distributors, recalls can cost millions of dollars in product …
Protecting the consumer is the number one priority in a product recall. The challenge is, can you do so without crippling your business? For consumer goods manufacturers and distributors, recalls can cost millions of dollars in product losses and operational …
