Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions that have hit Europe in …
No less than five airline accidents occurred in the month of August, the most in three years. Two of the crashes killed all those on board. On Aug. 14, a Boeing 737, operated by charter airline Helios Airways, crashed outside …
France’s SCOR Group made more out of less for the first six months of 2005. Although the Paris-based reinsurer’s gross written premiums declined by 12 percent to 1.184 billion euros ($1.485 billion), net income rose 18 percent to 72.2 million …
France’s SCOR Group announced that it has obtained permission from the Indian regulatory authority (IRDA) to open a representative office in India, “with a view to strengthening and developing its activities in the Non-Life reinsurance field.” SCOR believes there is …
The French Transport Ministry announced that it will publish a list of airlines that have been banned from landing in French territory due to safety violations. The decision follows the crash in Venezuela last week of a charter airliner operated …
Devastating fires in Portugal; torrential rains in Switzerland, Austria and Romania; drought in much of France – the list of extreme weather conditions continues to grow in Europe. No contrast is more vivid than scenes of uncontrolled forest fires raging …
Aon Corp. reported on Friday that the four airline crashes that have hit Canada, Italy, Venezuela and Greece this month, have resulted in August being the worst month for airline losses in more than three years. According to Aon, the …
As the deadly series of plane crashes continued – 4 since Aug. 2 – rescue workers continued to comb the wreckage of the West Caribbean MD-82 that went down yesterday in Venezuela, near the Colombian border. All 152 passengers and …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the life insurance subsidiaries of AXA Financial, Inc. AXA Financial is a member of France’s AXA Group (France) and the parent of AXA Equitable …
The American Insurance Association (AIA) has urged the U.S. and Indian governments to make market liberalization in India a major trade priority. “Considering India’s size and potential as one of the world’s largest insurance markets, we call on the U.S. …
