A major earthquake struck off the coast of Indonesia’s main island of Java at 2:55 p.m. local time (07:55 UTC) on Wednesday. The U.S. Geological Survey (USGS) originally issued a preliminary magnitude estimate of 7.4 for the event, but has …
The second seismic event to hit Japan in two days occurred off the central coast of the Japanese island of Honshu at 5:15 a.m. local time (20:15 UTC on Monday). Catastrophe risk modeling firm AIR Worldwide said the US Geological …
Insurance broker Marsh announced the appointment of Gary Grose as U.S. marketing director. Grose joins Marsh with 20 years of insurance industry marketing and sales experience. He reports to Jack Butcher, U.S. sales and marketing leader, and will be based …
Willis has been named in a second lawsuit stemming from its relation with indicted financier Allen Stanford. A Venezuelan investor, Reinaldo Ranni, filed a class action in U.S. federal court in Miami on July 17, accusing Willis of fraud, negligence, …
Some Asia-Pacific nations criticized U.S. and other developed world protectionism on Tuesday at a meeting aimed at spurring a global trade pact and revitalizing the global economy. Thai Commerce Minister Pornthiva Nakasai, meeting her Asia-Pacific Economic Cooperation counterparts including the …
In the wake of the fatal bombings in Indonesia, PMarsh has issued a reminder to companies with employees who travel overseas of the need to have robust travel policies and emergency procedures in place to deal with crisis situations. Marsh …
Near-simultaneous bomb blasts ripped through the JW Marriott and the Ritz-Carlton hotels in Jakarta’s business district on Friday, killing nine people and wounding 42 others including foreign businessmen, police said. A car bomb had also exploded along a toll road …
El Nino weather anomaly has developed and it may not be as strong as the killer which struck more than a decade ago, the U.S. Climate Prediction Center said Thursday. The CPC, an office under the National Oceanic Atmospheric Administration, …
The development of an El Nino weather pattern is increasing and at this stage may be a medium-strength event, but it could take months for it to be officially declared, Australia’s weather bureau said. “We are warming reasonably rapidly. The …
Slum-dweller Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta’s filthy Ciliwung river two years ago. But when the next flood hits, and it will because Jakarta sees frequent floods in …
