Authorities report that the death toll from the powerful earthquake that struck Northwestern Pakistan, India and parts of Afghanistan on Saturday, Oct. 8, has risen to more than 20,000, with many people unaccounted for as of early Monday. While Pakistan …
More than 3,000 people were reported killed Saturday as a major 7.6-magnitude earthquake hit the Pakistan-India border. The quake hit both those countries, along with Afghanistan. According to officials, some 1,000 people died in the Pakistani Kashmir region alone. The …
Five employees of insurance firm ICICI Prudential in New Delhi, India have been jailed for launching a “Jehad” sales campaign in which they glorified Osama bin Laden and his “focused determination” in an effort to increase business by likening successful …
This is the second in a series of articles on the Asia insurance marketplace. The next article in this series will focus on Japan and will appear in an October issue of Insurance Journal. An ancient Indian parable tells the …
Royal & SunAlliance has announced the sale of the business of its Pakistan operation to International General Insurance Company of Pakistan Ltd. The consideration will reportedly be around £700,000 (U.S.$1.25m), to be paid in cash. In addition, Royal & SunAlliance …
U.S. officials and insurance companies representing Sept. 11 victims are locked in an unusual legal standoff, stemming from the government’s refusal to admit it has the alleged mastermind of the attacks in custody. The insurance companies want the Justice Department …
Washington, D.C. – With a record attendance of 175 Young Agents taking part in the Independent Insurance Agents and Brokers’ 2004 National Legislative Conference, a man who has more than a slight interest in this year’s presidential election, Bush-Cheney 2004 …
Aon Corporation released its “Report Card for the World,” identifying “unconventional threats” to the balance sheets of U.S. firms conducting business abroad. Aon Trade Credit, which annually maps business risks around the world, found several threats U.S. companies may be …
Lloyd’s announced that it had completed a preliminary assessment of the possible losses from last Tuesday’s terrorist attacks in the U.S., and although it gave no specific figures, it stated that “these exposures can be managed within its unique system …
As foreign teams joined local rescue workers in a desperate race to comb the wreckage for any survivors of India’s worst earthquake in 50 years, estimates of the the number of people killed exceeded 20,000. The devastation is spread over …
