Business Insurance - Web News en-us Thu, 26 Nov 2015 20:46:23 EST 10 Hacker demands $3 million in ransom from bank to stop data leak 20151126/NEWS09/151129856 A hacker has launched a cyber attack on a bank in U.A.E.'s Sharjah city and is demanding ransom to stop the leak of confidential client data, reports Gulf News citing XPRESS newspaper. Thu, 26 Nov 2015 06:00:00 EST Take-up of political risk insurance increasing: JLT Independent 20151126/NEWS09/151129857 A rise in global political turmoil has resulted in an increase in Indian firms taking political risk insurance covers, reports Business Standard. Thu, 26 Nov 2015 06:00:00 EST Saudi Arabia and Turkey most targeted by cyber attacks in region 20151126/NEWS09/151129858 A report by cyber security company FireEye Inc. has found that Saudi Arabia and Turkey suffered the most number of targeted attacks in the Middle East and North Africa region in the first half of 2015, reports citing Gulf Business. Thu, 26 Nov 2015 06:00:00 EST Emerging Asian markets to post highest insurance growth in 2016 and 2017: Swiss Re 20151126/NEWS09/151129859 Swiss Re Ltd. has said in a recent report that emerging Asian markets will register the highest growth – 12% – in the nonlife segment in 2016 and 2017, Asia Insurance Review reports. Thu, 26 Nov 2015 06:00:00 EST Four of world's most disaster-prone nations in Asia: U.N. report 20151126/NEWS09/151129860 A report by the United Nations has found that four of the top five disaster-prone nations are in Asia, reported The Straits Times. Thu, 26 Nov 2015 06:00:00 EST Floods hit Qatar and Saudi Arabia 20151126/NEWS09/151129861 Floods triggered by heavy rainfall have hit Qatar and Saudi Arabia, causing huge damage and disruption in the nations, reported The Guardian. Thu, 26 Nov 2015 06:00:00 EST South Korea fines Volkswagen $12 million and orders recall of 125,522 cars 20151126/NEWS09/151129862 South Korea has ordered Volkswagen A.G. to recall 125,522 cars after it found that the automaker intentionally manipulated a diesel emissions device in vehicles with an older engine, reported Reuters. Thu, 26 Nov 2015 06:00:00 EST Information scarcity main challenge for loss adjusters 20151126/NEWS09/151129863 Experts from U.K.-based law firm Kennedys Law L.L.P. have said that information scarcity is the main challenge facing loss adjusters in the Latin American cybercrime insurance segment, reports BNamericas. Thu, 26 Nov 2015 06:00:00 EST Hurricane Sandra strengthens to Category 3 storm off Mexico 20151126/NEWS09/151129864 The U.S. National Hurricane Center said that hurricane Sandra has strengthened to a Category 3 storm off Mexico's Pacific coast, reports Reuters. Thu, 26 Nov 2015 06:00:00 EST Insurer Tawuniya signs MoU to offer insurance protection to SMEs 20151126/NEWS09/151129865 Saudi Arabian insurer The Company for Cooperative Insurance (Tawuniya) has signed a memorandum of understanding to offer support and insurance protection to small and medium enterprises, reports Middle East Insurance Review. Thu, 26 Nov 2015 06:00:00 EST