Should an earthquake generate a tsunami on the Oregon coast, there might be only 20 minutes to get to high ground. But regional leaders, engineers and scientists plan to gather next week in Cannon Beach and Portland to talk about …
China laid out a plan to curb carbon emissions by 2020 and U.S. President Barack Obama called on all nations to act now to tackle global warming, as world leaders tried to inject momentum into climate change talks. With less …
A visit to the home to the UK’s Chartered Insurance Institute reveals a singular collection of ancient Fire Marks – metal plaques inscribed with the name of an insurance company and often vividly decorated. The CII headquarters is one of …
According to catastrophe risk modeling firm AIR Worldwide, tropical cyclone Choi-Wan, currently raging in the Pacific Ocean, is a Category 5 storm, or “super typhoon,” with wind speeds reaching 200 mph, 320 km/hr. The storm has passed the Northern Marianas …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Japanese insurer Nipponkoa Insurance Company Ltd., both with stable outlooks. “The ratings reflect Nipponkoa’s strong risk-adjusted capitalization, improvement in underwriting …
Marsh and Munich Re have joined forces to launch a new product guarantee insurance solution designed for the expanding solar panel manufacturing sector in Asia, which Marsh described as the “the first of its kind in the region.” Taiwan based …
The owners and producers of Japan’s estimated 300,000 insurance agencies can only dream of the success and freedom that the 40,000 independent agencies in the U.S. enjoy. But they can still learn best practices from U.S. agencies to help them …
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 …
Warren Buffett’s Berkshire Hathaway Inc. posted its best quarter in nearly two years, as recovering stock markets boosted the value of its equity investments and derivatives bets. Operating earnings for the second quarter nevertheless fell short of forecasts, reflecting lower …
Typhoon Morakot wreaked havoc in Taiwan over the weekend, making landfall late on Friday in Taiwan’s Hualien County with sustained winds of 148 km/h (92 mph). “As of Friday, Morakot had generated only 100 mm (4 in) of precipitation in …
