India News

States Hosting International Insurance Regulators

The National Association of Insurance Commissioners (NAIC) welcomed 13 regulators from China, India, Korea, Lebanon, Republic of Srpska and Thailand to its International Internship Program for Education and Regulatory Cooperation. The fall program kicks off in Kansas City, Missouri this …

U.S. Says Climate Talks Fail to Make Headway

The United States said on Wednesday U.N. climate talks were making less progress than hoped because of a rift over poorer nations’ emission goals, and that other avenues might be needed to tackle climate change. Negotiators from 177 governments are …

Aon Benfield’s Monthly Cat Report Highlights Tropical Cyclones, NZ Quake

US State Dept. Warns Americans to be Vigilant When in Europe

The Obama administration on Sunday warned Americans of potential terrorist threats in Europe and urged them to be vigilant in public places, including tourist spots and transportation hubs. A State Department travel alert advises U.S. citizens living or traveling in …

Ratings Recap: Tapiola, Congregational, Asian Re, Int’l. Energy, Leadway

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Finland’s Tapiola General Mutual Insurance Company (also known as Keskinainen Vakuutusyhtio Tapiola). The outlook …

Asia Faces Higher Losses from Disasters, Report Says

China, India and Indonesia are likely to face much higher losses from natural disasters in coming decades as their economies grow faster than their capacity for disaster prevention and relief, a new report has forecast. That means more foreign investment …

EU Leaders Agree on Trade, But Clash over Roma Expulsions

The European Union agreed on Thursday to sign a free-trade pact with South Korea and grant Pakistan trade concessions after floods, but a row over France’s deportation of Roma migrants marred a one-day summit. The agreement on trade issues was …

US to Host Major Economies Climate Forum in New York

The United States will host a meeting of the world’s biggest economies in New York to discuss climate change on Monday and Tuesday [next week], the U.S. State Department said. The Major Economies Forum will bring together 16 of the …

Willis India to Appeal Insurance Regulators’ Decision on License

Willis Group Holdings announced today that it will appeal a decision by India’s Insurance Regulatory & Development Authority (IRDA) that it is “not inclined to accept” the license renewal application of the broker’s joint venture in India, Willis India Insurance …

Aon Monthly Cat Recap Highlights Asia Floods, Atlantic Storms

Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25 million homes, a massive landslide in China …