Business Insurance - Web News en-us Sat, 28 Nov 2015 15:19:33 EST 10 Zurich Insurance to pull plug on its U.A.E. business 20151127/NEWS09/151129845 Zurich Insurance Group Ltd. will exit its general insurance business in the United Arab Emirates by the end of 2016, reports Reuters. Fri, 27 Nov 2015 06:00:00 EST Bushfires cause $72 million in damage 20151127/NEWS09/151129846 Bushfires in the Australian state of South Australia have caused $100 million Australian ($72 million) in damage, reports Daily Mail citing Australian Associated Press. Fri, 27 Nov 2015 06:00:00 EST Majority of Irish SMEs overlook exposure to cyber attacks: Survey 20151127/NEWS09/151129847 A survey by Zurich Insurance Group Ltd. has found that majority of Irish small and medium-sized enterprises are overlooking their cyber exposure, reports The Irish Times. Fri, 27 Nov 2015 06:00:00 EST Bermuda gains full Solvency II equivalence from EC 20151127/NEWS09/151129848 The European Commission has awarded Bermuda full equivalence under the European Union's Solvency II regulations, The Royal Gazette reports. Fri, 27 Nov 2015 06:00:00 EST Asian liability insurance market offers significant growth opportunities: Swiss Re 20151127/NEWS09/151129849 Swiss Re Ltd. has said in a report that the liability insurance market in Asia is likely to offer considerable growth opportunities, reports Asia Insurance Review. Fri, 27 Nov 2015 06:00:00 EST Insurance Bureau of Canada calls for national flood program 20151127/NEWS09/151129850 Don Forgeron, president of the Insurance Bureau of Canada, has called for governments and industry to create a national flood program to deal with the growing costs of weather events, reported Edmonton Journal. Fri, 27 Nov 2015 06:00:00 EST Natural disasters cause $80 billion in agriculture damage in decade 20151127/NEWS09/151129851 A report by the United Nations Food and Agriculture Organization found that natural disasters in developing nations caused $80 billion worth of damage to agriculture during 2003-2013, reports Al Jazeera. Fri, 27 Nov 2015 06:00:00 EST Insurance purchases grow in wake of claims 20151127/NEWS09/151129852 A general increase in claims spurred a jump in insurance uptake in Mexico in the third quarter, reported CNN Expansion. Fri, 27 Nov 2015 06:00:00 EST Magnitude 6.7 quake strikes western Brazil 20151127/NEWS09/151129853 A magnitude 6.7 earthquake has hit western Brazil, reports Channel News Asia. Fri, 27 Nov 2015 06:00:00 EST India under increasing threat from cybercriminals: Kaspersky 20151127/NEWS09/151129854 Security firm Kaspersky Lab Z.A.O. has said that India is under increasing threat from cybercriminals using advanced persistent threat attacks to steal data from consumers and enterprises, reports The Times of India citing the Press Trust of India. Fri, 27 Nov 2015 06:00:00 EST