Prospects for a new U.N. climate pact in December remained in the balance after talks among big emitters on Monday but with signs of action by Brazil, India and Australia. “It’s more do-able today than yesterday,” British energy and climate …
The Philippines, already devastated by deadly floods from two recent tropical cyclones, is bracing for yet a third storm, as typhoon Lupit approaches the island chain. The most recent bulletin from catastrophe modeler Risk Management Solutions warns that Lupit “has …
Negotiators are already talking about “plan B” for the Copenhagen climate talks in December, with uncertainty growing that nations will be able to agree in time on a tougher and broader U.N. climate pact. While that might sound bad, some …
Three Virginia lawmakers are asking lenders to help homeowners whose homes were built with suspect drywall imported from China. U.S. Sen. Mark Warner and Congressmen Bobby Scott and Glenn Nye Reps issued their appeal Monday during a tour of three …
American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year. The sale of Nan Shan Life on Tuesday was another …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited, both with stable outlooks. The ratings reflect Singapore Re’s “superior risk-adjusted capitalization level, increasing presence in …
Tropical storm Parma stalled for two days off northwestern Philippines, was slowly heading toward the country’s tobacco-producing region on Tuesday, after killing at least 22 people. Right behind it is Typhoon Melor, a category 4 storm currently south of Okinawa …
The Federation of European Risk Management Associations convened its bi-annual conference in Prague, the capital of the Czech Republic, on Monday, welcoming some 1100 attendees, and two new members. Newly installed president, Peter den Dekker, Corporate Insurance Risk Manager for …
Going to work may never be the same again: the Great Recession has reshaped the American workplace and work force in ways that will last years, if not longer. The work force is graying as college graduates can’t find jobs, …
The White House is weighing sanctions targeting Iran’s dependence on gasoline imports and insurance firms that underwrite the trade, even as U.S. officials focus for now on diplomatic efforts to resolve a nuclear standoff. President Barack Obama warned Iran last …
