The Federation of European Risk Management Associations convened its bi-annual conference in Prague, the capital of the Czech Republic, on Monday, welcoming some 1100 attendees, and two new members. Newly installed president, Peter den Dekker, Corporate Insurance Risk Manager for …
David Overbey is no scientist, but he says a person doesn’t have to be to see how much the Illinois River has improved in recent years. Overbey, a 67-year-old retired laborer who spends his days fishing the river in the …
The heaviest rainfall in at least eight decades sent flash floods barreling across a major highway and into busy business districts in Istanbul, Turkey’s largest city, on Wednesday, trapping factory workers and truck drivers in their vehicles and, according to …
AIR Worldwide Corporation has updated its probabilistic earthquake risk model for the Mediterranean region. The Boston-based catastrophe risk modeling firm, noted that the model is “used by European insurers, brokers, and reinsurers to manage earthquake risk in this region.” The …
A federal appeals court invalidated a California law Thursday that allowed heirs of Armenians killed in the Turkish Ottoman Empire nearly a century ago to seek payment on the life insurance policies of dead relatives. The 9th U.S. Circuit Court …
the ACE European Group announced the opening of a new branch office in Istanbul, Turkey, as it expands its presence across Central and Eastern Europe. ACE said it has “obtained a letter from Turkey’s Under Secretary of Treasury granting the …
A now-defunct poultry company got a better deal in settling an environmental lawsuit with the state because it was first to negotiate an agreement, Oklahoma Attorney General Drew Edmondson has suggested. But one poultry company spokesman says other firms have …
Zurich Financial Services reported that its first quarter net income decreased by 75 percent to $362 million, compared to the $1.427 billion it earned in the same quarter of 2008. Business operating profit fell by 40 percent to, $1.061 billion …
Responding to as situation in Atalissa, Iowa, where 21 mentally disabled Texas men lived in a dilapidated house while they worked at a nearby turkey processing plant operated by Texas-based Henry’s Turkey Service, an Iowa House committee has approved a …
The Netherlands ING Group said on Thursday that it plans to divest operations worth up to €8 billion ($10.6 billion) to reduce risk and will focus its banking activities on Europe. ING, which was loss-making in 2008 and got a …
