Romania News

Bulgaria, Romania to Join EU

Following its positive decision last May, the European Commission formally accepted the applications by Bulgaria and Romania to join the European Union as of January 1, 2007. They will increase the number of EU member countries to 27, and will …

FILMING ABROAD A RISKY BUSINESS

Risky business is more than just the name of an ’80s movie — it also reflects the moviemaking business itself. Particularly in foreign countries, casts and crews face threats from disease, terrorism, kidnap and ransom, to name a few. To …

Csiszar tells agents major shift essential to entice carriers to Florida

Insurers look at Florida’s government as a heavy-handed, intrusive, oppressive regulatory regime that does more harm than good to property insurance markets. According to Ernie Csiszar, president and CEO of the Property Casualty Insurers Association of America, Florida’s government and …

Csiszar tells agents major shift essential to entice carriers to Florida

News Currents Insurers look at Florida’s government as a heavy-handed, intrusive, oppressive regulatory regime that does more harm than good to property insurance markets. According to Ernie Csiszar, president and CEO of the Property Casualty Insurers Association of America, Florida’s …

Generali Signs Deal to Acquire 51% Stake in Bulgaria’s Orel-G Holding

It’s not just the Italian Football (soccer) team that’s in an expansive mood. Italy’s Generali Group announced that it has signed an agreement for the acquisition of a 51 percent shareholding in Bulgarian insurer Orel-G Holding AD. The shares will …

Danube Floods SE Europe

The river Danube, which wends its way through much of Central and Southeastern Europe, has reached its highest level since 1895 in many places. Flooding in Serbia/Montenegro, Bulgaria and Romania has inundated towns, villages and farmland, forcing thousands from their …

Romania Mandates Home Insurance

Romania will introduce a mandatory insurance policy for all home owners, according to a government official in Bucharest. Interior Minister Vasile Blaga said the insurance would cost about 20 euros (US$24) per year, with all Romanians required to buy the …

11 Defendants Indicted on Domestic Terrorism Charges; Blamed for Arsons

Eleven defendants have been indicted on charges including arson and destruction of an energy facility for allegedly participating in a campaign of domestic terrorism in five western states on behalf of the extremist Earth Liberation Front (ELF) and the Animal …

Euler Hermes Issues Global 2006 Economic Assessment

Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …

Guy Carpenter Unveils 2005 Central, Eastern Europe Flood Report

Guy Carpenter & Company Ltd. reported the release of European Flood Report 2005 – Central and Eastern Europe, a detailed summary and review of 2005 Central and Eastern European flood activity. The report, available in both English and German, also …