A report, published on Swiss Re’s web site from the Economics of Climate Adaptation Working Group, indicates that climate risks could cost nations up to 19 percent of their GDP by 2030, with developing countries most vulnerable. The full report, …
Pirates attempted to board two tankers in a busy shipping lane off southern Malaysia on Monday, a regional government security agency said. Five men tried to board Panama-registered tanker Pacific Harmony early on Monday near the southern Malaysian port of …
Risk Management Solutions is currently tracking the progress of tropical storm Koppu. As of this morning, the storm was located over the South China Sea, approximately 130 miles (210 kms) south southeast of Hong Kong. Koppu is expected “to continue …
Coverage For When the Show Just Can’t Go On Michael Jackson’s recent untimely death has produced a flurry of articles in the mainstream media. Aside from tributes to the deceased, many of them have focused on what outlays and expenses, …
Australians Lesley and Doug McGrath have for decades battled ocean swells that have eaten away at the backyard of their multi-million dollar Sydney home. They bought an old beach shack on Collaroy Beach in 1976 and replaced it with a …
Marsh and Munich Re have joined forces to launch a new product guarantee insurance solution designed for the expanding solar panel manufacturing sector in Asia, which Marsh described as the “the first of its kind in the region.” Taiwan based …
Canada’s Fairfax Financial Holdings Limited has purchased of a 15 percent interest in Alltrust Insurance Company of China for approximately US$66 million, subject to final approval by the Chinese Insurance Regulatory Commission (CIRC). “We are pleased to be partnering with …
Three bidders for AIG’s Nan Shan Life unit have offered less than $1.5 billion, far below the $2 billion the insurer had expected, sources close to the companies said on Friday, throwing the sale into doubt. Friday was the deadline …
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the Adriatic. “People criticize me for being …
Little progress has been made so far on a new pact to combat global warming, with “commercial and political interests” continuing to prevail, China’s senior climate change official said on Monday. The vice-director of the National Development and Reform Commission, …
