Taiwan’s legislature has approved a landmark China trade pact, bringing the economies of the once bitter foes to their closest point in more than 60 years. The legislative vote late Tuesday came seven weeks after the signing of the Economic …
The world economy continued its rebound from the worst recession in decades, according to the quarterly ICC/Ifo World Economic Survey released today, but at a slower pace. The survey concluded that “some regions, notably North America and Asia, saw slowing …
Extreme weather in 2010 will spur more strident calls for action to combat global warming but is unlikely to break a deadlock at U.N. climate talks about sharing the burden between rich and poor. Islamabad, for instance, has blamed mankind’s …
A consortium of leading Chinese companies including Industrial and Commercial Bank of China Ltd, China Life Insurance Co Ltd, plans to bid for a 30 percent stake in American Insurance Group Ltd’s Asian life insurance business, AIA, the 21st Century …
Asia’s heavy monsoons, a record heatwave in Russia and severe droughts in Africa show the need for new yardsticks to rate extreme weather to guide everybody from road builders to insurance companies, a U.N. expert said on Friday. Scales exist …
China modified rules to allow insurance companies to invest as much as three times the previous limit in overseas capital markets, part of a broader reform designed to give them more investment options. The move is seen boosting the investment …
Ironshore Inc. announced that its U.K- based Pembroke Syndicate 4000 has introduced a Professional Indemnity product to provide comprehensive coverages for the Oil & Gas industry worldwide. Coverages are underwritten through Ironshore’s International platform for global risks, as well as …
Devastating floods in Pakistan and Russia’s heatwave match predictions of extremes caused by global warming even though it is impossible to blame mankind for single severe weather events, scientists say. This year is on track to be the warmest since …
The risk of earthquakes in the U.S. Midwest may be more widespread than geologists have believed, but a “big one” may be less likely at Missouri’s New Madrid fault, researchers said Aug. 4. They found that rivers that swept away …
Floods in Pakistan and China have taken thousands of lives and damaged hundreds of thousands of homes, according to a new report on catastrophic events in July by a reinsurance team. A European heatwave, wildfires in Russia and heavy rains …
