Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Tue, 30 Jun 2015 07:07:39 EST 10 Berkshire Hathaway Specialty Insurance opens office in New Zealand http://businessinsurance.com/article/20150630/NEWS09/150639990 20150630/NEWS09/150639990 U.S.-based Berkshire Hathaway Specialty Insurance Co. has expanded into New Zealand by opening a new office in the country's Auckland region, reported Nasdaq. Tue, 30 Jun 2015 05:29:48 EST Cat bond covering Chinese perils set to launch http://businessinsurance.com/article/20150630/NEWS09/150639991 20150630/NEWS09/150639991 China Reinsurance (Group) Corp. is set to launch Panda Re Ltd. (Series 2015-1), the first catastrophe bond covering Chinese perils, reported Artemis.bm. Tue, 30 Jun 2015 05:28:35 EST Cybercrime costs U.K. $42.51 billion every year http://businessinsurance.com/article/20150630/NEWS09/150639992 20150630/NEWS09/150639992 The U.K. government must work to resolve the imbalance between the capabilities of organized cybercrime groups and the limited capacities of law enforcement agencies in the country amid growing cybercrimes, reported The Conversation. Tue, 30 Jun 2015 05:27:30 EST Nissan recalls about 12,000 vehicles in India http://businessinsurance.com/article/20150630/NEWS09/150639993 20150630/NEWS09/150639993 Japanese automaker Nissan Motor Co. Ltd. is recalling about 12,000 vehicles in India as part of its global recall to fix faulty engine switch and airbags, reported Business Standard citing the Press Trust of India. Tue, 30 Jun 2015 05:26:22 EST Floods, landslides hit China's Anhui province http://businessinsurance.com/article/20150630/NEWS09/150639994 20150630/NEWS09/150639994 Floods and landslides triggered by heavy downpours have left two dead in China's Anhui province, reported Xinhua. Tue, 30 Jun 2015 05:25:02 EST Takaful funds total $62.2 million in Oman by end of 2014: Official http://businessinsurance.com/article/20150630/NEWS09/150639995 20150630/NEWS09/150639995 Abdullah Salem Al Salmi, executive president of Oman's Capital Market Authority, said that the first two takaful funds in the country totaled 24 million Omani riyals ($62.2 million) at the end of 2014, reports Oman Daily Observer citing Oman Daily. Tue, 30 Jun 2015 05:23:05 EST Ferry workers' strike closes port of Calais in France http://businessinsurance.com/article/20150630/NEWS09/150639996 20150630/NEWS09/150639996 The port of Calais in France has been closed for a second time in a week owing to a strike by ferry workers, reported The Guardian. Tue, 30 Jun 2015 05:21:51 EST Russian logistics firm's 30 vessels insured by Sogaz for $7.35 million http://businessinsurance.com/article/20150630/NEWS09/150639997 20150630/NEWS09/150639997 Russian construction and logistics firm, Reskom-Tyumen Ltd., has entered into an insurance contract worth 404.4 million Russian rubles ($7.35 million) with Sogaz Insurance Group to insure its 30 vessels. Tue, 30 Jun 2015 05:20:32 EST Tanker collides with container ship in waters off Indonesia http://businessinsurance.com/article/20150630/NEWS09/150639998 20150630/NEWS09/150639998 Navigator Aries, an Indonesia-flagged tanker carrying liquefied petroleum gas, has collided with Panama-flagged container ship Leo Perdana, 20 miles north of Indonesia's Surabaya city, World Maritime News reported. Tue, 30 Jun 2015 05:19:05 EST Ship runs aground near Norway http://businessinsurance.com/article/20150630/NEWS09/150639999 20150630/NEWS09/150639999 Norway-based Nor Lines A.S.'s Kvitbjorn vessel running on liquefied natural gas recently ran aground near Norway's Ulsteinvik region, The Maritime Executive reported. Tue, 30 Jun 2015 05:17:33 EST