Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Tue, 9 Feb 2016 07:30:42 EST 10 China becomes world's third largest insurance market: CIRC http://businessinsurance.com/article/20160209/NEWS09/160209824 20160209/NEWS09/160209824 The China Insurance Regulatory Commission has said that the nation became the third largest insurance market in the world in 2015, Xinhua reported. Tue, 9 Feb 2016 06:06:09 EST Cyber attack top threat to business continuity in 2016: Report http://businessinsurance.com/article/20160209/NEWS09/160209825 20160209/NEWS09/160209825 A report by the U.K. Business Continuity Institute has revealed that cyber attack continues to be the top threat for businesses in 2016, reports AZ Big Media. Tue, 9 Feb 2016 06:04:57 EST U.K. politicians push for flood insurance for small companies http://businessinsurance.com/article/20160209/NEWS09/160209826 20160209/NEWS09/160209826 Members of the U.K. Parliament are requesting the government to introduce cheaper and more accessible flood insurance for small firms, The Independent reported. Tue, 9 Feb 2016 06:03:50 EST Bushfire seasons becoming more extreme due to climate change: Climate Institute http://businessinsurance.com/article/20160209/NEWS09/160209827 20160209/NEWS09/160209827 The Climate Institute of Australia has said that bushfire seasons in the country are becoming longer and more extreme due to climate change, reported The Northern Star. Tue, 9 Feb 2016 06:02:55 EST Insurers sue Moscow's Vnukovo airport over Total CEO plane crash http://businessinsurance.com/article/20160209/NEWS09/160209828 20160209/NEWS09/160209828 Five insurers have sued Moscow's Vnukovo International Airport and the country's air navigation service provider for losses incurred after the crash of French oil and gas firm Total S.A.'s CEO Cristophe de Maergerie's aircraft in 2014, reports Rapsinews. Tue, 9 Feb 2016 06:01:46 EST Romanian insurance market records first year of growth since financial crisis http://businessinsurance.com/article/20160209/NEWS09/160209829 20160209/NEWS09/160209829 The Financial Supervisory Authority of Romania has said that domestic insurers underwrote gross premiums of €2 billion ($2.2 billion) in 2015, up 8% year over year, reported Romania-insider.com. Tue, 9 Feb 2016 06:00:46 EST Insurer Ingosstrakh signs insurance contract with National Settlement Depository http://businessinsurance.com/article/20160209/NEWS09/160209830 20160209/NEWS09/160209830 Russia's National Settlement Depository C.J.S.C. has entered into a one-year complex insurance agreement with Ingosstrakh Insurance Co., LeapRate reports. Tue, 9 Feb 2016 05:59:27 EST Chinese conglomerates to acquire insurers in 2016: Willis Towers Watson http://businessinsurance.com/article/20160209/NEWS09/160209831 20160209/NEWS09/160209831 U.K.-based Willis Towers Watson P.L.C. has said that Chinese conglomerates plan to acquire insurers in 2016 as they look to grow outside Asia amid a slowing economy and declining insurance rates, reports Bloomberg. Tue, 9 Feb 2016 05:58:01 EST Cigna enters outcomes-based pricing program with drugmaker http://businessinsurance.com/article/20160208/NEWS03/160209833 20160208/NEWS03/160209833 Under the contract for Novartis' heart failure drug Entresto, Cigna will pay for how well the drug performs, rather than paying per pill administered. Mon, 8 Feb 2016 15:21:25 EST CNA swings to loss in 2015 fourth quarter http://businessinsurance.com/article/20160208/NEWS06/160209836 20160208/NEWS06/160209836 Lower results in its property/casualty operations and a charge to its long-term care business are to blame. Mon, 8 Feb 2016 14:29:01 EST