Chile News

Avocado Crops Hard Hit by Wildfires

Wind-driven wildfires that torched Southern California have charred fruit orchards, wilted flowers and littered the ground with avocados, delivering a devastating blow to area farmers already reeling from a deep winter freeze and the long drought that followed. The final …

Study Claims ‘Perverse’ Incentives Causing U.S. Disability Costs to Soar

The number of workers receiving disability in the U.S. is growing so rapidly that these benefits are now the fastest rising component of Social Security spending — growing at nearly twice the rate of retirement benefits, according to a new …

Fitch Sees Little Subprime Exposures in Latin American Banks, Insurers

A poll, conducted by Fitch Ratings, indicates that the banks and insurance companies it rates in the Latin America Region as to the extent they may hold direct or indirect exposure to U.S. subprime backed structured securities, found that “exposure …

QBE Acquires Cumbre Seguros

QBE the Americas, the North American subsidiary of Australia’s QBE Group, announced that it has acquired 100 percent of Cumbre Seguros, a specialized insurer in Mexico from a group of private investors. The transaction, which is subject to regulatory approval, …

People and Places

Zurich Financial Services Group appointed Maine Insurance Superintendent Alessandro A. Iuppa head of government and industry affairs for General Insurance, and chief government affairs officer for North America. Both appointments are effective Jan. 15, 2007. Neal Odom joined MarketScout, the …

People Zurich Financial Services Group appointed Maine Insurance Superintendent Alessandro A. Iuppa head of government and industry affairs for General Insurance, and chief government affairs officer for North America. Both appointments are effective Jan. 15, 2007. Neal Odom joined MarketScout, …

ACE Names Hidalgo to Head Argentina, Chile Operations

The ACE Group of Companies announced the appointment of Roberto Hidalgo as President and CEO of ACE Argentina and ACE Chile, effective February 1, 2007. He will leave his current post as President and CEO of ACE Puerto Rico to …

ACE Names Managers in Asia Pacific, Latin America Regions

The ACE Group of Companies has announced some managerial changes in its Asia Pacific and Latin American operations. Marcos Gunn has been named Sr. VP and Head of Accident & Health for ACE Asia Pacific. He will be responsible for …

U.S., JAPAN AGREE TO IMPROVE CONSUMER PRODUCT SAFETY

The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will share information on product safety, …

U.S., Japan agree to improve consumer product safety

The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will share information on product safety, …