Portugal News

Buoys to Detect Tsunamis to be Placed Off East Coast

Federal officials say they will place the first tsunami-detecting buoys in the Atlantic Ocean this spring to give residents more time to escape the giant waves. The National Oceanic and Atmospheric Administration announced its plans last week as Norfolk marked …

SCOR’s P/C, Credit and Surety Treaty Renewal Premiums Up 25%

France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.” The bulletin added, “these renewals on 1 January 2006 relate to around …

ACE Offering Environmental Risk Expertise for Europe

Global insurance specialist ACE is launching ACE Environmental Risk (AER) to reportedly help European organizations better manage their environmental liabilities and risks in the face of increasing EU regulation. The European Union’s Environmental Liability Directive which came into force in …

International Newsbriefs

Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions that have hit Europe in …

Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions that have hit Europe in …

Extreme Weather Hits Europe

Devastating fires in Portugal; torrential rains in Switzerland, Austria and Romania; drought in much of France – the list of extreme weather conditions continues to grow in Europe. No contrast is more vivid than scenes of uncontrolled forest fires raging …

People & Places

Luke Nolan Luke J. Nolan Jr., director of Aon Construction Services Group, was elected president of the Dallas/Fort Worth chapter of the Construction Financial Management Association (CFMA). His election marks the first time in the association’s 20-year history an insurance …

Luke Nolan

Troy Key Luke J. Nolan Jr., director of Aon Construction Services Group, was elected president of the Dallas/Fort Worth chapter of the Construction Financial Management Association (CFMA). His election marks the first time in the association’s 20-year history an insurance …

Multi-Nation Report Finds Terror Insurance Lacking; Private Markets’ Coverage Not Enough

Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in terrorism coverage around the world. Nearly …

Pan-American Life Names Salazar Executive VP

New Orleans-based Pan-American Life Insurance Company announced the appointment of Camilo J. Salazar as executive vice president for Distribution, Marketing and Product Management. Salazar’s appointment is effective July 18, 2005. “During an insurance career of more than 30 years, Camilo …