The tsunami waves have had a devastating impact on the fisheries sector in many countries of the Indian Ocean, the Food and Agriculture Organization of the United Nations (FAO) said Thursday. In Sri Lanka, more than 7,500 fishers have been …
Swiss Re announced that both the company and its employees “are actively supporting the relief initiatives to help the victims of the seaquake tragedy in the Indian Ocean and to aid the rebuilding of the worst hit areas.” The company …
The Starr Foundation, a charitable trust managed by AIG, announced that it will donate $2.5 million to disaster recovery and humanitarian efforts in the wake of the December 26 earthquake and tsunamis in Southeast Asia. Individual donations have been earmarked …
Swiss Re has released a statement indicating that it expects its claims for the tsunamis in the Indian Ocean to be below CHF 100 million ($88.5 million). “On 26 December 2004 near the North of Indonesia, an earthquake with a …
Standard & Poor’s Ratings Services has issued a bulletin stating that it does not expect Australian general insurers to be materially affected by the cost of insurance claims arising from the Indian Ocean tsunami that struck Sri Lanka, India, Thailand, …
Atlanta-based Crawford & Co., an independent provider of claims management services, has mobilized a catastrophe team in response to the Dec. 26 tsunami that devastated Southeast Asia. The company is an independent provider of claims management services with a global …
A powerful undersea earthquake near the island of Sumatra triggered the worst series of tidal waves, or tsunamis, in living memory. Preliminary estimates put the death toll at 23,000. Sri Lanka posted the worst losses with more than 11,000 people …
The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443 million). The move is in line with the British …
A report from the Straits Times in Singapore notes that Malaysia’s INCOME has launched a new insurance coverage plan for Sars, birdflu, and a type of soil disease called melioidosis. The report indicated that INCOME claims to be the first …
SCOR Group Chairman Denis Kessler announced in Beijing that the Group has submitted an application to the China Insurance Regulatory Commission (CIRC) for a reinsurance license to reinforce and develop its non-life reinsurance business activities in China. The SCOR Group …
