June 26, 2008
The world needs a shift as radical as the Industrial Revolution to cut greenhouse gas emissions by 2050, while safeguarding economic growth, the McKinsey Global Institute said on Thursday. Its study said that a modern “carbon revolution” to curb global …
June 16, 2008
Mapfre, Commerce Spain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 per share of Commerce’s publicly traded stock, with a total merger …
June 12, 2008
Talks on industrial goods, a crucial element in negotiations for a new trade deal, are failing to overcome deep differences between rich and poor countries, diplomats and officials said Wednesday. But, they said, parallel negotiations on agriculture are making progress …
June 9, 2008
The rise in world food prices carries implications for both rich and poor countries – the latter will more fully feel the impact, as well as the insurance industry. The recent conference in Rome, organized by the UN’s Food and …
June 6, 2008
World governments must quickly start a $45 trillion “energy technology revolution” that could drive up the cost of producing carbon ten-fold, or risk emissions surging by 2050, the West’s energy watchdog warned on Friday. The world would need to build …
June 5, 2008
Ministers from major trading nations will try to keep struggling world talks alive today, June 5, with supporters saying a deal could help offset the global food crisis and soften the economic slowdown. Ministers from the United States, the European …
June 3, 2008
Some 2,000 delegates from 162 countries and dozens of specialist agencies opened a two-week conference Monday to start tackling the details of a new global warming agreement slated to take effect after 2012. The meeting builds on a landmark accord …
June 3, 2008
The Liberty Mutual Group announced that it and its partner Dabur GI Invest Corp plan to form a non-life insurance company in India to provide personal and commercial insurance products through a range of distribution channels such as agents, banks …
May 27, 2008
A World Trade Organization (WTO) mediator issued new proposals on Monday, May 26, for opening up services such as telecoms and banking [as well as insurance] as part of a global trade deal. But the new text, replacing a previous …
May 22, 2008
For many visitors, the first glimpse of New Jersey is a string of industrial plants and refineries in a sea of yellow light along the Turnpike. With the state’s most hazardous chemical facilities so close to its most traveled routes …