According to catastrophe risk modeling firm AIR Worldwide, a series of strong earthquakes shook the West Papua province of Indonesia this past weekend. The U.S. Geological Survey reported that the initial quake measured M7.6 and struck on Saturday, January 3 …
“This year’s climate change agenda has, if nothing else, highlighted that next year will be hard going for those wishing to set global agreement for action against climate change,” states a recent article on Lloyd’s web site (www.lloyds.com). The article …
Swiss Re’s newly released sigma study explores the latest developments in the insurance sector of emerging market economies, with a special focus on the growing market for takaful, a form of Islamic insurance. Swiss Re said, “the first half of …
Paying landowners to let forests grow is promoted by the United Nations as a viable way to fight global warming, but experts first have to puzzle out how to insure trees against going up in smoke. Under U.N. plans, owners …
In high seas and heavy rain, the supertanker Kasagisan was steaming through the Malacca Strait in February when it was suddenly surrounded by six small boats. The crew of the vessel, heading from Saudi Arabia to Japan with a cargo …
Pirate attacks on the world’s shipping have been increasing at an alarming rate. “The Piracy Reporting Centre (PRC) confirmed a dramatic increase in piracy attacks on merchant vessels in the third quarter of the year,” noted a report on the …
Pirate attacks on the world’s shipping have been increasing at an alarming rate. “Last week the Piracy Reporting Centre (PRC) confirmed a dramatic increase in piracy attacks on merchant vessels in the third quarter of the year,” notes a report …
India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said. The U.S. insurance giant has been seeking to sell assets after nearly collapsing …
American International Group has acquired 18 percent of MicroCred Nanchong, China (MNC). The deal also gives AIG the exclusive right to sell micro insurance to MNC clients for two years. “MNC is the first wholly foreign-owned micro credit company in …
Marathon talks for a new global trade deal collapsed Tuesday after a clash over agriculture between the United States, the world’s biggest economy, and emerging heavyweights. The breakdown came on the ninth day as the United States and India failed …
