Kuwait News

N.Y. Soldier Charged with Killing Officers Previously Accused in Fire

The New York soldier accused of killing two superior officers and making it look like an enemy attack was accused by an insurer of masking the cause of a fire that destroyed his home. The allegation is included in court …

Iowa Insurance Educator Vaughan Dies at 69

Emmett J. Vaughan, a renowned professor of insurance at the University of Iowa’s Henry B. Tippie College of Business, has passed away at the age of 69. Funeral services will be held on Sat., Oct. 30, at St. Patrick’s Catholic …

Crossing Paths with North Carolina Senator Elizabeth Dole

Crossing Paths with North Carolina Senator Elizabeth Dole By Dave Thomas Having served U.S. Presidents, the medical community and North Carolina residents as senator for the Tar Heel State, Sen. Elizabeth Dole has accumulated quite a resume over the years. …

S&P Assigns ‘BBB’ Rating to Kuwait Re

Standard & Poor’s Ratings Services announced that it has assigned its “BBB” long-term counterparty credit and insurer financial strength ratings to Kuwait Reinsurance Co. K.S.C. (KR), with a stable outlook. “The ratings reflect KR’s very strong capitalization and strong investments, …

War in Iraq: The Known and Unknown Consequences for the Industry

As President Bush and his advisors made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge – “Cry ‘Havoc!’ and …

War in Iraq: The Known and Unknown Consequences

As President Bush and his advisers made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge, “Cry ‘Havoc!’ and let …

Allianz: No Plans to Cancel Airline Coverage, EU Prepares Back-up Help

Germany’s Allianz AG, one of the largest providers of coverage to the European Community’s air carriers, has issued a statement indicating that, while it has no plans to cancel coverage on flights headed for the Middle East, its customers were …

No Cancellations on Gulf Related Coverage – Yet, But Insurers Warn of Surcharges

Despite the onset of the long anticipated war with Iraq, there have as yet been no outright cancellations of coverage relating to the Persian Gulf Region. Many insurance companies, however, have warned that they will impose surcharges for airlines and …

Workers’ Comp Coverage Varies for Civilian Workers Injured in Acts of War

Military personnel depend on the U.S. government for compensation, but for civilians who may be subject to war risk while living or traveling abroad, the issue is not so cut-and-dried, according to the National Association of Independent Insurers (NAII). The …

Investigators Confirm French Supertanker Was Hit by Terrorist Attack

An official bulletin from the French Foreign Ministry confirmed that a team of French and U.S. investigators had found definitive evidence that the explosion and fire that engulfed the supertanker Limburg in the Gulf of Aden on Sunday was the …