Published October 30, 2014 - 5:42am CST
An official from Turkey's social security ministry has said that authorities have closed down about 974 construction projects out of a total 1,800 after inspections, which follow recent fatal accidents, Hurriyet Daily News reports.
Published October 30, 2014 - 5:38am CST
Analysts have expressed doubt over hedge funds that are forcing their way into the reinsurance sector, questioning whether these funds would remain in the market ahead of the next big catastrophe, Reuters reported.
Published October 30, 2014 - 5:35am CST
QBE Insurance Group Ltd.'s Singapore chief executive Karl Hamann has said that Asia's marine insurance industry growth is keeping pace with the developments in the region's maritime sector, Asia Insurance Review reports.
Published October 30, 2014 - 5:30am CST
China's General Administration of Quality Supervision, Inspection and Quarantine has said that FAW-Volkswagen Automobile Co. Ltd. will recall 270,635 Audi cars in the country over a defect in the air bag software, reported Reuters.
Published October 30, 2014 - 5:26am CST
Europe has increased risks of blackouts in the region in the coming winter, Bloomberg reports.
Published October 30, 2014 - 5:23am CST
Ratings agencies have warned Chinese insurers of shadow banking default-risks after a doubling in insurers' trust holdings, reported Bloomberg.
Published October 30, 2014 - 5:21am CST
In a recent report by Ceres on the insurance sector, Bermudan insurers achieved top rankings in accounting for climate change.
Published October 30, 2014 - 5:19am CST
Singapore-based insurer Great Eastern Holdings Ltd. has said that its net profit for the third quarter of 2014 fell 31% to $194.6 million Singapore dollars ($153 million), The Straits Times reports.
Published October 29, 2014 - 5:49am CST
Italy-based Banca Carige S.p.A. has said that it would sell its two insurance divisions to Apollo Management Holdings L.P. to reduce its capital deficit of €810 million ($1 billion), reported Reuters.
Published October 29, 2014 - 5:46am CST
United India Insurance Co. Ltd. chairman and managing director Milind Kharat has said that despite receiving huge damage claims, the insurer's profit is unlikely to be hit as its reinsurer would cover most of them, reports Daijiworld.com.
Published October 29, 2014 - 5:44am CST
The U.K.'s Maritime and Coastguard Agency has been monitoring incoming vessels from West African ports over Ebola fears, The Guardian reports.
Published October 29, 2014 - 5:42am CST
A survey by Kaspersky Lab Z.A.O. and research specialist B2B International has found that businesses are significantly concerned about the growing threat of targeted cyber attacks, BetaNews reports.
Published October 29, 2014 - 5:40am CST
A coal mine accident in China caused by a shaft collapse has killed 16 miners and injured 11, the Associated Press reported citing an official.
Published October 29, 2014 - 5:38am CST
Japanese automotive parts maker Takata Corp. is currently facing trouble because of problems related to potentially faulty car air bags and this could affect future business, Reuters reports.
Published October 29, 2014 - 5:36am CST
Local observers have said that Cape Breton & Central Nova Scotia Railway's third-party liability insurance coverage is insufficient, even though it meets provincial standards, TheChronicleHerald.ca reports.
Published October 29, 2014 - 5:31am CST
Strong winds lashed many parts of Tasmania, causing major damage across the state, ABC Online reports.
Published October 29, 2014 - 5:28am CST
The number of insurers operating in Russia in the first half of 2014 totaled 425, down 6.5% from the same period in 2013, Forinsurer reports.
Published October 28, 2014 - 10:02am CST
Russia-based Group-IB has said in a report that the cybercrime market in Russia was worth around $2.5 billion for the fiscal year 2013-2014, Forinsurer reports.
Published October 28, 2014 - 10:00am CST
Alessandro Mariani, head of the European Union's counter-piracy operations, has said that there has been a significant decline in piracy threats off Somalia during the last two years, Gulfnews.com reported.
Published October 28, 2014 - 9:59am CST
South Korea's Financial Services Commission has said that it is considering expanding disaster insurance coverage for public facilities such as bridges, tunnels, railroads, subways and hospitals, among others, The Korea Times reported.
Published October 28, 2014 - 9:57am CST
Piracy has been increasing in the oil-rich Niger delta in Nigeria and with attacks on oil workers and authorities and kidnappings of nine people in the past few days, reports International Business Times.
Published October 28, 2014 - 9:56am CST
Fabrice Clement, head of security and information management at Belgium's Belgacom N.V., said that the cyber attack on the telecommunications firm, supposedly executed by U.K.'s Government Communications Headquarters, has cost the company "several million euros," Computing reported.
Published October 28, 2014 - 9:55am CST
Cyclone Nilofar has become stronger and it is just 550 kilometers from Oman, with wind speeds averaging almost 150 kilometers per hour, Emirates 24/7 reports.
Published October 28, 2014 - 9:53am CST
Perils A.G. has increased the insured loss estimate for European windstorm Christian to €1.14 billion ($1.45 billion), reports Artemis.bm.
Published October 28, 2014 - 9:51am CST
Swiss Re Ltd.'s chief economist in Asia, Clarence Wong, has said that entering the Southeast Asian markets would be an advantage for Korean insurers, The Korea Times reported.