Published October 06, 2015 - 5:25am CST
Heavy downpours and floods have caused more than €500 million ($560.7 million) in damage in southern France, reported Gazzetta del Sud Online citing the Alpes-Maritimes department.
Published October 06, 2015 - 5:24am CST
The recent typhoon Mujigae has caused more than $2 billion) in direct economic losses in southern China, Xinhua reports.
Published October 06, 2015 - 5:23am CST
Mexico-based law firm M&L Estudio Legal has said that energy reform in the country could present opportunities for marine insurers, reported BNamericas citing El Economista.
Published October 06, 2015 - 5:22am CST
Don Brash, former governor of the Reserve Bank of New Zealand, has said that insurers should be held accountable more to market forces and ratings agencies, reports Asia Insurance Review citing Interest.co.nz news website.
Published October 06, 2015 - 5:21am CST
Indonesia's Financial Services Authority is ready to design a fire insurance pool to help the government mitigate risks arising from forest and land fires, reported Tempo.co.
Published October 06, 2015 - 5:19am CST
A report by U.K.-based think tank Chatham House has said that global nuclear power plants are facing growing risk of a "serious cyber attack," reported BBC News.
Published October 06, 2015 - 5:18am CST
The Philippines loses more than 300 billion Philippine pesos ($6.4 billion) each year due to natural disasters, reported The Philippine Star.
Published October 06, 2015 - 5:17am CST
Nigeria-based African Reinsurance Corp.'s profit increased 90% in original currencies in the first six months of 2015, Addis Fortune reports.
Published October 05, 2015 - 5:25am CST
Insured losses from the recent typhoon Dujuan that hit China's Ningbo city in Zhejiang province are more than 500 million Chinese yuan ($78.7 million), reported Asia Insurance Review citing the China Daily.
Published October 05, 2015 - 5:23am CST
A.M. Best Co. Inc. foresees a "new reality" for the global reinsurance market, reports Artemis.bm.
Published October 05, 2015 - 5:22am CST
Fitch Ratings Ltd. has said that catastrophe bond issuance is likely to remain strong in 2016, reported Artemis.bm.
Published October 05, 2015 - 5:20am CST
The International Association of Insurance Supervisors has finalized new capital rules for the nine biggest insurers in the world, reported Reuters.
Published October 05, 2015 - 5:19am CST
Todd Wilhelm, head of underwriting at QBE Asia Pacific Holdings Ltd., has said that profitability is becoming increasingly elusive for marine underwriters in Asia, reported Asia Insurance Review.
Published October 05, 2015 - 5:17am CST
U.S.-based American Steamship Owners Mutual Protection and Indemnity Association, Inc. has made a strategic investment in American Hellenic Hull Insurance Co. Ltd., a new Cyprus-based hull insurer, reports Marine Log.
Published October 05, 2015 - 5:15am CST
Typhoon Mujigae has hit China's south coast with winds of up to 112 miles an hour and caused huge destruction and flooding, reported Reuters citing Xinhua.
Published October 05, 2015 - 5:13am CST
Artyom Sychev, an official at Russia's central bank, said that five banks have been hit by a Distributed Denial of Service attack with the attackers demanding a ransom paid in bitcoin, reported CoinTelegraph.
Published October 02, 2015 - 5:45am CST
Volkswagen A.G. is under investigation by the Australian Competition and Consumer Commission and may face billions of dollars in fines if it is found to have used a "defeat device" capable of cheating pollution tests on cars sold in Australia, The Sydney Morning Herald reported.
Published October 02, 2015 - 5:44am CST
China's Office of State Flood Control and Drought Relief headquarters has said that typhoon Dujuan has resulted in economic losses worth 1.4 billion Chinese yuan ($220 million) since it hit the country's Zhejiang and Fujian provinces, reports Xinhua.
Published October 02, 2015 - 5:42am CST
Geoffrey Mawuli Biekro, Chief of Naval Staff of the Ghana Navy, has said that maritime piracy and armed robbery costs West Africa $2 billion each year, reported GhanaWeb.
Published October 02, 2015 - 5:41am CST
U.S.-based cyber security firm FireEye Inc. has said in a report that hackers have increased their attacks on government organizations and firms in Southeast Asia amid heightened regional tensions, reported Bloomberg.
Published October 02, 2015 - 5:39am CST
Standard & Poor's Corp. has lowered its long-term counterparty credit and insurer financial strength ratings on U.A.E.-based reinsurer Takaful Re Ltd. from 'BBB' to 'BBB-,' CPI Financial reports.
Published October 02, 2015 - 5:38am CST
Mark Carney, governor of the Bank of England, has received an open letter from 15 senior insurance executives demanding urgent action to address climate change, Reuters reported.
Published October 02, 2015 - 5:37am CST
Security firm Kaspersky Lab Z.A.O. has said that an Arabic-speaking cybercriminal group that has been active since 2012 has increased attacks in the Middle East and North Africa region in the second and third quarters of 2015, reports ArabianBusiness.com.
Published October 02, 2015 - 5:35am CST
Zakri Khir, CEO of Allianz Malaysia Bhd, has said that he is positive about the insurance industry's outlook considering Malaysia’s solid fundamentals, Daily Express reported.
Published October 01, 2015 - 5:32am CST
Ongoing political unrest in Nepal's Bara-Parsa industrial corridor has prompted about 2,000 factories in the region to shut down, reported The Kathmandu Post.