Published July 29, 2014 - 5:54am CST
Malaysian Airline System Bhd., branded as Malaysia Airlines, is facing significant financial problems following two air tragedies involving its aircraft in 2014, Forinsurer reported citing Interfax.
Published July 29, 2014 - 5:44am CST
The World Bank Group and the International Labour Office have entered into a three-year partnership, seeking to provide small businesses, smallholder farmers and individuals in Asia and Africa with access to improved insurance products, ThisDay Live reported.
Published July 29, 2014 - 5:42am CST
The repair and cleanup cost following the recent floods in Slovakia's Vratna Dolina are estimated to cost the Slovak Water Management Enterprise s.e. €2 million ($2.6 million), Environment Ministry State Secretary Vojtech Ferencz said.
Published July 29, 2014 - 5:38am CST
Libya has warned of the risk of "humanitarian and environmental disaster" after a tank was set on fire amid clashes at Tripoli airport between rival militias, The Telegraph reported.
Published July 29, 2014 - 5:35am CST
The Dunedin City Council has secured an improved insurance deal that will cover over $1 billion New Zealand ($854.8 million) of previously uninsured council assets in the event of a catastrophe, Otago Daily Times reported.
Published July 29, 2014 - 5:32am CST
McDonald's Corp.'s outlets in China have pulled beef, pork and chicken items off their menu after U.S.-based supplier OSI Group L.L.C. recalled products made by its Shanghai plant, Bloomberg reported.
Published July 29, 2014 - 5:30am CST
The El Nino weather phenomenon that has triggered drought in parts of Colombia has damaged crops and resulted in the death of livestock, Reuters reported.
Published July 29, 2014 - 5:28am CST
Abdulaziz Abu Al-Saud, vice chairman of the Cooperative Insurance Committee at the Council of Saudi Chambers, said insurers are reluctant to insure transported money because the high risk involved, Saudi Gazette reported.
Published July 28, 2014 - 5:38am CST
Lloyd's of London is expected to see hundreds of millions of pounds wiped from its profits in 2014 becasue of the two recent Malaysia Airlines flight disasters involving flights MH-17 and MH-370, Sunday Express reported.
Published July 28, 2014 - 5:36am CST
China's Inner Mongolia Autonomous Region and Henan Province have suffered power and water shut-offs due to drought, Xinhua reported.
Published July 28, 2014 - 5:34am CST
Total premiums reported by insurers in Uzbekistan for the first half of 2014 have increased 23% year on year to 219.99 billion Uzbekistan som ($94.6 million), reports Forinsurer.
Published July 28, 2014 - 5:32am CST
Mapfre S.A.'s Latin American operations registered a 3.9% year-on-year increase in premiums to €2.61 billion ($3.57 billion) in the second quarter of 2014, BNamericas reported.
Published July 28, 2014 - 5:30am CST
Nigeria's insurance brokers and underwriters have come together to improve services, The Guardian reported.
Published July 28, 2014 - 5:24am CST
Typhoon Matmo has claimed 13 lives in China and has caused direct economic losses of 3.37 billion Chinese yuan ($544.2 million), the Ministry of Civil Affairs said.
Published July 28, 2014 - 5:23am CST
Azerbaijan's insurance supervisor is planning to expand the roster of international insurers, reinsurers and brokerage firms, Forinsurer reported citing Interfax Azerbaijan.
Published July 28, 2014 - 5:21am CST
Heavy rains have flooded parts of Slovakia's Vlkova village, damaging roads and utility poles and triggering landslides, Xinhua reported.
Published July 28, 2014 - 5:20am CST
The cost of cleanup from the recent storm in British Columbia's Kamloops city is expected to amount to several million dollars, CBC reported.
Published July 25, 2014 - 6:20am CST
Evan Greenberg, chief executive of Ace Ltd., has said he is confident of being able to handle risks in emerging markets thanks to the insurer's strategy for integrating companies, Bloomberg reported.
Published July 25, 2014 - 6:18am CST
The city of Yumen in Gansu province, China, has been sealed off after a person died of bubonic plague, The Guardian reported citing Chinese media reports.
Published July 25, 2014 - 6:13am CST
Moody's Investors Service Inc. has said in a report that an increasingly competitive environment in Brazil's reinsurance sector has triggered strong price competition, BNamericas reported.
Published July 25, 2014 - 6:11am CST
Lancashire Holdings Ltd.'s group chief executive officer Alex Maloney has said that aggressive reinsurance renewal pricing will continue this year, Artemis.bm reported.
Published July 25, 2014 - 6:10am CST
Insurance Australia Group Ltd. has upgraded its forecasts for full-year profit margin to the 18% to 18.3% range from previous projections of 14.5% to 16.5%, Sydney Morning Herald reported.
Published July 25, 2014 - 6:08am CST
Suppliers of nuclear equipment in India, including international companies, are worried about a paucity of insurance cover and have expressed their concerns to the government, Outlook India magazine reported.
Published July 25, 2014 - 6:06am CST
A textile plant and a vehicle spare parts factory in Desa Tun Razak, Malaysia, have been destroyed in a fire, Bernama reports.
Published July 25, 2014 - 6:05am CST
A 24-hour strike by 23,000 workers in Argentina's Neuquen basin will cost state-owned oil and gas company YPF S.A. $12 million, the company said.