Even as countries around the globe continued to bolster relief efforts (See Headline), the world was reminded that chance and the weather sometimes conspire against the best of intentions. The airport at Banda Aceh on the Indonesian Island of Sumatra …
Germany’s Allianz joined a growing list of insurance companies that are contributing to relief efforts in Southeast Asia. The company announced that it would donate 1 million euros ($1.36 million) and would reveal further details of its plans in the …
The Starr Foundation, a charitable trust managed by AIG, announced that it will donate $2.5 million to disaster recovery and humanitarian efforts in the wake of the December 26 earthquake and tsunamis in Southeast Asia. Individual donations have been earmarked …
In efforts to continuing helping victims of last month’s deadly earthquake and tsunamis in Southeast Asia, President George W. Bush on Monday announced that former Presidents George H.W. Bush and Bill Clinton will lead relief efforts to raise money for …
With tales of survival few and far between, health ministry officials in Indonesia have now said the death toll in that country from last Sunday’s killer earthquake and tsunamis has topped 94,000. With those recently released figures, officials now report …
Swiss Re has released a statement indicating that it expects its claims for the tsunamis in the Indian Ocean to be below CHF 100 million ($88.5 million). “On 26 December 2004 near the North of Indonesia, an earthquake with a …
President George W. Bush told Asian leaders that the United States is committed to helping their countries following Sunday’s earthquake and killer tsunamis that have killed more than 60,000 people. The following is a transcript of a statement by President …
A powerful undersea earthquake near the island of Sumatra triggered the worst series of tidal waves, or tsunamis, in living memory. Preliminary estimates put the death toll at 23,000. Sri Lanka posted the worst losses with more than 11,000 people …
For those in the life insurance industry who thought they could sit on the sidelines and watch New York Attorney General Eliot Spitzer go after some big property/casualty heavyweights, think again. According to reports on Friday, MetLife and other group …
The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443 million). The move is in line with the British …
