foreign risks News

Court Says Nestle, Cargill Can Be Sued Over Child Labor Overseas

A U.S. federal appeals court on Tuesday reinstated a lawsuit by a group of former child slaves accusing the U.S. unit of Nestle SA, the world’s largest food maker, and Cargill Co of perpetuating child slavery at Ivory Coast cocoa …

Casualty Actuaries Should Consider Foreign Customs, Economics, Politics

A bulletin from the Insurance Information Institute notes that a recent Casualty Actuarial Society seminar advises actuaries that when it comes to pricing global reinsurance business, it’s important to remember that “all risks are local.” Athula Alwis, associate vice president …