A Texas jury awarded $27.5 million (euro22.72 million) in damages to a woman of Iranian descent who said she was racially profiled when Southwest Airlines Co. accused her of assaulting a flight attendant. Samantha Carrington of Santa Barbara, California, won …
U.S. terms for approving an Arab company’s takeover of operations at six major American ports are insufficient to guard against terrorist infiltration, the chairman of the House Homeland Security Committee said. “I’m aware of the conditions and they relate entirely …
Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …
Ever since Hurricane Katrina devastated New Orleans, 2005 looked certain to be a record-breaking year for insured losses. Swiss Re’s newly issued sigma report has now confirmed the sad fact. According to preliminary estimates (the full and exact figures won’t …
Two Aon subsidiaries, Aon Re Global and Impact Forecasting, LLC, have released a report on 2004’s natural catastrophes, describing “a year of freakish weather patterns, ending with the worst natural disaster in modern times: the December 26th tsunami.” The report …
An earthquake measuring 6.4 on the Richter Scale struck near the town of Zarand in Kerman Province in Eastern Iran Tuesday morning, Feb. 22. Some 420 people are reported to have died and another 900 injured. The area, some 740 …
More than 50 countries have pledged massive amounts of aid to help the victims of the Indian Ocean tsunamis, but the majority of the actual payments are apparently slow in coming. The UN is currently hosting a donor conference in …
Munich Re, the world’s biggest reinsurer, has issued a bulletin concerning possible losses from the tidal waves that struck many countries around the Indian Ocean on Dec. 26, which estimates the company’s losses at no more than 100 million euros …
As scenes of utter devastation played across the world’s television screens, local authorities and volunteer rescue workers continued the grim job of collecting and burying the bodies of the victims who perished in the massive onslaught of tidal waves in …
In late October 2004, Insurance Journal had the opportunity to speak with Arkansas Insurance Commissioner Mike Pickens, a Republican, about the time he spent in Iraq earlier this year. Pickens, former president of the National Association of Insurance Commisioners, spent …
