The Association of British Insurers has issued a set of guidelines and an explanation of the insurance coverage incident to the recent riots in London and other UK cities. The ABI estimates that insured losses and damage suffered by individuals …
Members of California’s congressional delegation are calling on a company to set aside substantially more money to compensate victims of a 2008 commuter train crash in Los Angeles County. The 17 lawmakers argue that medical bills, lost income and other …
Japan’s trade minister said he was aiming for cabinet approval this week of a government-backed scheme to help Tokyo Electric Power pay for damages caused by the crisis at its Fukushima Daiichi nuclear plant. Earlier on Wednesday Tokyo Electric said …
The head of Tokyo Electric Power on Tuesday asked Japan’s government to help shoulder the burden of compensating those displaced by the crisis at its Fukushima Daiichi nuclear plant, a bill that is expected to run to tens of billions …
British banks gave up a fight over compensating customers wrongly sold insurance, forcing Barclays Plc and HSBC to take a combined hit of more than $2 billion in the latest blow to the industry. Barclays said it would make a …
Japan’s government will not put a cap on the liabilities faced by Tokyo Electric Power Co (Tepco) for damages stemming from its crippled Fukushima Daiichi nuclear power plant, Chief Cabinet Secretary Yukio Edano said on Monday. Under Japanese law, the …
Japan plans to set up a government-backed insurance fund to put money into Tokyo Electric Power and pay compensation stemming from the disaster at its Fukushima Daiichi nuclear plant, the Nikkei newspaper said. Aimed at saving Tokyo Electric from collapse, …
Small business owners and laborers forced to leave their homes and jobs because of radiation leaking from Japan’s tsunami-flooded nuclear plant rode a bus all the way to Tokyo on Wednesday to demand compensation from the plant’s operator. People are …
