India News

A Silver Lining?

The terrorist attacks of Sept. 11, 2001, the tsunami of December 2004, Katrina, Rita, the October 2005 earthquake in Pakistan/India. What can we make of all these man-made and natural catastrophes? They are bigger than insurance; they are bigger than …

Editor’s Note: A Silver Lining?

The terrorist attacks of Sept. 11, 2001, the tsunami of December 2004, Katrina, Rita, the October 2005 earthquake in Pakistan/India. What can we make of all these man-made and natural catastrophes? They are bigger than insurance; they are bigger than …

AIG Aids South Asia Quake Victims

American International Group Inc. (AIG) is donating $1 million to support relief efforts in the areas affected by the Oct. 8 earthquake in South Asia. In addition, AIG is encouraging its employees to help the earthquake victims by donating to …

Quake Death Toll Over 33,000; Rains Hamper Rescue Efforts

Pakistani officials have now said that at least 33,000 persons almost certainly perished in the earthquake that struck the northwestern part of the country on Saturday, Oct. 8 (See previious articles). Little hope remains of finding further survivors, and the …

UPDATE: Death Toll from Asia Quake Rises; More than 20,000 Killed, Many People Missing

Authorities report that the death toll from the powerful earthquake that struck Northwestern Pakistan, India and parts of Afghanistan on Saturday, Oct. 8, has risen to more than 20,000, with many people unaccounted for as of early Monday. While Pakistan …

Major Quake Rocks Pakistan-India Border; More than 3,000 Killed

More than 3,000 people were reported killed Saturday as a major 7.6-magnitude earthquake hit the Pakistan-India border. The quake hit both those countries, along with Afghanistan. According to officials, some 1,000 people died in the Pakistani Kashmir region alone. The …

New Report Warns of Rising Threat to US Insurers from Climate Change

Higher premiums, coverage restrictions already hitting many parts of country Hurricane Katrina is a poignant reminder that U.S. insurers, government and consumers are at enormous risk from escalating losses from hurricanes and other weather-related events. While no individual hurricane can …

New Report Warns of Rising Threat to US Insurers from Climate Change

Higher premiums, coverage restrictions already hitting many parts of country. Hurricane Katrina is a poignant reminder that U.S. insurers, government and consumers are at enormous risk from escalating losses from hurricanes and other weather-related events. While no individual hurricane can …

ABI Calls on Government to Delay VAT Enforcement Ruling; Cost Estimated at $352 Million

The Association of British Insurers (ABI) has called on the Government to delay implementation of an EU court ruling that would impose value added taxes (VAT) on services outsourced beyond EU borders. The ABI estimates that the cost to insurers …

Climate Change Poses Major Threat to U.S. Insurance Industry

Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other weather-related events, according to a report by a Boston-based investor and environmental coalition that wants the insurance industry …