The article that appeared on the IJ Web site yesterday, March 6, contained several factual errors concerning the adoption of a compliance and regulatory system for implementing the Kyoto Protocol on the emission of greenhouse gasses. We are indebted to …
THIS ARTICLE HAS BEEN CORRECTED. PLEASE GO TO THE IJ WEBSITE – MARCH 7, 2006. The United Nations Environment Program (UNEP) has formally launched a compliance system for the Kyoto Protocol, the international treaty to reduce greenhouse gas emissions. The …
An effective National Disaster Program has to be found so that if there is a catastrophe, we won’t have to rely on an “Air Force One Policy,” in which Air Force One flies in and brings us $20 billion, Alabama …
Standard & Poor’s Ratings Services announced that it has assigned its “A” long-term counterparty credit and insurer financial strength ratings to U.K.-based NIPPONKOA Insurance Co. (Europe) Ltd. (NKE), the wholly owned subsidiary of Japan’s NIPPONKOA Insurance Co. Ltd. (rated “A+”/stable) …
DENSO Corporation said it will establish a wholly owned captive insurance company — DENSO Reinsurance America Inc. — for its group companies in March. The initial capital investment for the company will be US$3 million, and the company will be …
Paris will host representatives from more than 50 countries for a two-day forum that will seek ways to cope with the increasing spread of the deadly avian flu virus H5N1. As wild birds continue their seasonal migrations, they have come …
At a time when they face pressure to bring more uniformity to their own domestic regulatory operations, the nation’s state regulators are also increasingly active in efforts to harmonize the rules governing international insurance as well. The international efforts of …
Trading on snowfall futures has begun. Chicago Mercantile Exchange, which bills itself as the world’s largest and most diverse financial exchange, began Feb. 26 listing and trading snowfall futures and options on futures. CME Snowfall futures will be based on …
A.M. Best Co. announced that it has affirmed the “A+” (Superior) financial strength rating and assigned an issuer credit rating (ICR) of “aa” to Japan’s Mitsui Sumitomo Insurance Company Ltd. (MSI) with a stable outlook. “The ratings reflect MSI’s strong …
An effective National Disaster Program has to be found so that if there is a catastrophe, we won’t have to rely on an “Air Force One Policy,” in which Air Force One flies in and brings us $20 billion, Alabama …
