American International Group said Thursday it will sell its two Japanese life insurance units to Prudential Financial Inc for $4.8 billion, marking another step in its efforts to repay U.S. taxpayers. The sale of AIG Star Life Insurance Co Ltd …
The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in prices. Lloyd’s, which traces its origins …
Risk Management Solutions has added to its Japan typhoon existing suite of parametric industry loss indices. The program “now includes the insurance industry’s five largest peril regions – U.S. hurricane and earthquake, Europe windstorm, Japan typhoon and earthquake,” said the …
The United States will host a meeting of the world’s biggest economies in New York to discuss climate change on Monday and Tuesday [next week], the U.S. State Department said. The Major Economies Forum will bring together 16 of the …
About 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming. Environment ministers and …
According to catastrophe risk modeling firm AIR Worldwide, the sixth, seventh, and eighth named storms of the northwest Pacific season are approaching the Asian mainland bringing high winds and expected heavy rains. Typhoon Kompasu, the seventh of this year’s tropical …
Will India’s government succeed in passing key pro-market bills that have been in limbo for years? Not in the near future, say analysts. With state elections around the corner, the Congress-led government may have lost a political window to push …
Checks on a Japanese oil tanker, damaged by a mystery explosion near the Strait of Hormuz oil shipping route, found a soot-like substance in a large dent in its hull, the Transport Ministry in Tokyo said on Wednesday. (See IJ …
India is rewriting a bill that will allow global firms to access its $150 billion nuclear power market, suggesting stiffer compensation for industrial accidents and extending liability to cover private suppliers. The changes, if approved, would mean higher costs for …
Crime on cruise ships is rare, considering 10 million North Americans sailed last year. But some crime victims believe that justice also is rare — due to overlapping investigative powers, difficulty obtaining evidence and witnesses, and a lack of sworn …
