A new report from Lloyd’s – “Global Recession: The Magnifying Glass for Political Instability” – written with Control Risks, concludes that the “global economic recession is likely to cause increasing geopolitical instability that may pose problems for international businesses.” Richard …
Legislators from around the world called on G8 nations on Friday to take the lead on climate change by slashing their carbon output and promising hundreds of billions of dollars to help poorer countries adapt. One hundred parliamentarians from rich …
Liability Claims to Come Could Exceed $1 Billion, Some Experts Predict The tragic disappearance of Air France flight 447 over the Atlantic early on June 1 remains a mystery. The plane’s 216 passengers and 12 crew members perished as all …
Risk Management Solutions has completed a new quantitative analysis, which “reveals that a micro-insurance system could be both technically and commercially viable to provide cover against catastrophic earthquake risk in rural China.” RMS explained that “with the appropriate support, micro-insurance …
Standard & Poor’s Rating Services said today that it affirmed its ‘A-‘ counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), but has maintained its negative outlook. S&P’s action follows the announcement that …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. The ratings reflect the enhancement received from the implicit support of Allianz S.p.A.’s …
CNinsure Inc., China’s largest independent insurance intermediary, announced the “signing of definitive agreements to acquire 100 percent equity interest in Shenzhen Hongzhengda Insurance Surveyors & Loss Adjustors Co., Ltd. through Fanhua Surveyors & Loss Adjustors Co., Ltd., formerly known as …
France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later. France said the idea, floated at talks …
The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create a “new global order” to combat the financial crisis, dwindling world trade and climate change. The last scheduled EU-China summit …
With its acquisition in early 2009 of the international business of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property casualty insurance claims adjusting and risk management firm …
