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Brazil's upper house of parliament recently passed legislation which is expected to make environmental insurance mandatory for businesses, Segs.com reported. The number of insurers providing environmental cover is limited in the country which could lead to a rise in insurance rates for the segment.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms