China’s PICC Property and Casualty Co. Ltd., the country’s largest P/C insurer, is poised to enter the rapidly expanding Chinese life insurance market with the announcement that it is forming a joint venture with other Asian partners from Thailand, Hong …
A report, prepared by the United Nations Environment Program (UNEP), entitled “The Millennium Ecosystem Assessment,” concludes that many of the planet’s essential systems are endangered, primarily due to human activity. It warns that, if left unchecked, the consequences could be …
The filmmaking world is becoming riskier, according to the 2005 Risks in Global Filmmaking map published by Aon/Albert G. Ruben. In addition to highlighting terrorism and political risks, the map placed high-risk ratings on 70 countries compared to 55 a …
Risk Management Solutions (RMS) has announced estimates that insured losses from the 2004 Southeast Asia earthquake and tsunami will be less than $4 billion, based on the information available within the first three weeks after the disaster. The disaster has …
Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many future …
While the official death toll may never be known, the reaction to last month’s killer earthquake and tsunamis in Southeast Asia continues. Insurance Journal recently spoke with several individuals whose companies have seen the death and destruction up close. Crawford …
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 …
As U.N. Secretary-General Kofi Annan toured the devastation on tsunami-battered Sumatra island Friday, officials raised the Indonesian death toll by 7,000. The added deaths brought the total killed in the Dec. 26 earthquake and tsunamis in several countries to more …
Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast Asia. “When Allianz in Thailand heard of the tsunami on …
France’s AXA Group has announced plans to aid the victims of the tsunamis that struck Southeast Asia. “Faced with the scale of human tragedy that has impacted the countries of Southeast Asia in the wake of the tsunami disaster of …
