Russia News

Weather Suspected in Russian Plane Crash

A Russian passenger jet crashed during a thunderstorm just minutes after sending a distress signal on Tuesday, killing all 170 people on board, including dozens of children. Emergency officials said preliminary information led them to believe that weather — not …

Report: U.S. Reaches World Trade Organization Deal with Russia

Russia’s finance minister said Russia and the United States had reached a deal on one of the key sticking points holding up an agreement on Russia’s accession to the World Trade Organization, and a final deal would be signed within …

At least 120 Die in Russian Plane Crash

An Airbus 310 went out of control on landing at the Irkutsk airport early this morning, July 9 local time, crashing through a concrete wall into a building and then bursting into flames. At least 120 people are reported to …

Two Insurers Approved for Selling for Kidnapping Coverage in La.

Insurance coverage has been approved in Louisiana to take on a realm of the once-unthinkable: kidnappings, ransom, extortion and hijacking. Although it’s not for everyone, high-profile people, such as corporate executives who people who could be perceived as wealthy while …

Best Affirms Ratings of SCHWARZMEER UND OSTSEE-SOVAG

A.M. Best Co. has affirmed the financial strength rating of “B++” (Very Good) and assigned an issuer credit rating of “bbb” to Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) with a stable outlook. Best noted that “Sovag is a specialist …

Turkish Authorities Assess Damages from Airport Fire

[AP] A huge fire that turned the giant cargo terminal of Istanbul’s main airport into a wreckage of twisted metal and charred walls may have caused tens of millions of dollars (euros) in damage, according to newspaper reports Thursday. Shooting …

UPDATE: Java Quake Toll Passes 4900; 200,000 Homeless

More than 4900 people have now been confirmed dead following the massive earthquake that hit the Indonesia Island of Java on Saturday, May 27, around 6:00 in the morning local time. More than 20,000 have been injured, and an estimated …

S&P Rates ACE/INA Notes ‘BBB+’

Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB+’ senior debt rating to ACE INA Holdings Inc.’s $300 million senior debt issuance, which is due 2036 and is fully and is unconditionally guaranteed by ACE Ltd. (See …

Not all Oil & Gas programs are created equal

What do Dodge Neon, Mazda Miata and Lexus 430 have in common? Simple–they are all the same form of transportation. Each will allow you to control your travel from Point A to Point B but each has its own unique …

By W. Randolph Zator

Not all Oil & Gas programs are created equal The American market has expanded in numbers from AIG Oil Rig, principally alone 30 years ago, to perhaps 10 domestic energy markets. Other foreign carriers in Bermuda and some in Europe …