Soldiers fighting through a torrent of mud and rocks dug out three bodies at a hot spring Sunday, bringing the death toll from a magnitude 7.2-earthquake that hit the mountains of northern Japan to at least nine, with more than …
Talks on industrial goods, a crucial element in negotiations for a new trade deal, are failing to overcome deep differences between rich and poor countries, diplomats and officials said Wednesday. But, they said, parallel negotiations on agriculture are making progress …
World governments must quickly start a $45 trillion “energy technology revolution” that could drive up the cost of producing carbon ten-fold, or risk emissions surging by 2050, the West’s energy watchdog warned on Friday. The world would need to build …
Ministers from major trading nations will try to keep struggling world talks alive today, June 5, with supporters saying a deal could help offset the global food crisis and soften the economic slowdown. Ministers from the United States, the European …
Japan’s Millea Holdings, Inc., (Tokio Marine and Nichido Fire) announced plans to reorganize the Bermuda-based Kiln Group, which it agreed to acquire last December (See IJ web site – https://www.insurancejournal.com/news/international/2007/12/14/85660.htm). The group will also wind up its Vetra investment vehicle. …
A new set of proposals to open services such as banking and telecoms to more global trade falls significantly short of what is needed to reach a world trade deal, an international coalition of service industry groups said Tuesday. “At …
The largest satellite “launch insurance package ever placed has been completed by broker Willis Inspace, with a Lloyd’s underwriter leading the risk,” for Europe’s Eutelsat, the world’s third largest satellite operator, notes an article on the Lloyd’s web site (www.lloyds.com). …
Munich Re, working with Aon, has arranged a securitization for Japanese insurer Zenkyoren, the National Mutual Insurance Federation of Agricultural Cooperatives, through Muteki Ltd., an exempted company in the Cayman Islands, to transfer Japanese earthquake risks to the capital markets. …
As the magnitude of the earthquake that struck China’s Sichuan Province on Monday, and the extent of the damage it caused, becomes more apparent, the loss estimates from the quake have escalated rapidly. Risk Management Solutions most recent analysis now …
A Mason City soybean company is suing its insurance carrier for not covering damage to a shipment that became infected with Indian meal moths in 2005. Midwestern Soybeans International Inc. filed lawsuit this month in Cerro Gordo County District Court. …
