An earthquake, initially measured at magnitude 6.0, struck eastern Turkey early this morning, March 8, centered in the Province of Elazig. A report from Risk Management Solutions indicates that the U.S. Geological Survey (USGS) placed the quake’s “fixed focal depth …
U.N. climate chief Yvo de Boer said on Thursday he will step down in July to join a consultancy group, two months after a Copenhagen summit failed to support a legally binding climate pact. His departure is unlikely to dent …
A new report from Marsh has concluded that “despite the global recession, the commercial insurance market remained stable in the second half of 2009. This provided many organizations across Europe, the Middle East and Africa (EMEA) with opportunities to enhance …
The Norwegian Risk Management Association (NORIMA) has been accepted as a member of the Federation of European Risk Management Associations (FERMA), bringing the total to 20 associations from 18. Risk management associations from Spain (IGREA) and Turkey (ERMA) became members …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of South Korea’s Hyundai Marine & Fire Insurance Co., Ltd. (HMFI) both with stable outlooks. “The ratings reflect the …
Deep frying is an increasingly popular way to cook a turkey, but it’s not without its dangers. Insurance Commissioner John Oxendine urges Georgians to be careful when deep frying the holiday bird. He offers some basic tips: Always use turkey …
The Willis Research Network (WRN), part of Willis Group Holdings Limited, announced that a prestigious German institution has joined the WRN, thus enhancing its capabilities in Europe. The newest member is the Center for Disaster Management and Risk Reduction Technology …
Dutch bancassurer ING will split in two, transforming itself into a smaller European lender in the most striking example yet of the deep changes that EU policymakers want to force on banks that received state aid. The company also said …
The goal of signing a new global commerce deal in 2010 is out of reach unless countries accelerate their negotiations, the World Trade Organization’s Director-General Pascal Lamy said on Friday. The WTO’s 153 members must turn vague discussions on the …
The U.S. RE Companies have been approved by the Brazilian regulatory authorities to launch the Company’s new subsidiary, U.S. RE Do Brasil Corretora de Resseguros, LTDA, as a reinsurance broker with offices in Sao Paulo. The news comes just two …
