Published July 23, 2014 - 2:41pm CST
(Reuters) — Yum Brands Inc.'s China division has stopped buying from OSI China after Shanghai police detained five people connected to the meat supplier's factory at the center of a new food safety scandal, Yum said Wednesday.
By: Kate Shepherd
Published July 23, 2014 - 1:15pm CST
Specialist managing general agent Ascent Underwriting L.L.P. on Wednesday said it has increased the limits on its CyberPro medical billings errors and omissions product up to $5 million.
Published July 23, 2014 - 5:39am CST
The recent Malaysia Airlines MH17 flight disaster could see JSC Eurasia Insurance Co. pay up to $3.2 million in claims, reports TengriNews.
Published July 23, 2014 - 5:33am CST
Japan's Financial Services Agency is looking to combine its inspection and supervisory policies to boost insurer oversight, sources revealed.
Published July 23, 2014 - 5:31am CST
Typhoon Rammasun has claimed 27 lives in Vietnam and caused economic damage of about 125 billion Vietnamese dongs ($6.2 million), Vietnam's National Steering Committee for Flood and Storm Prevention and Control said.
Published July 23, 2014 - 5:29am CST
Australia's Prime Minister Tony Abbott is mulling over offering compensation to the families of the 28 Australians who died when Malaysia Airlines flight MH17 was shot down over Ukraine, The Morning Bulletin reported.
Published July 23, 2014 - 5:28am CST
Two passenger trains collided in South Korea's Gangwon Province, killing one person and injuring dozens, reports Xinhua citing Yonhap News Agency and YTN.
Published July 23, 2014 - 5:24am CST
In a cybercrime poll by KPMG L.L.P.'s Indian unit, 48% of those surveyed said they face business disruption and reputation damage because of a cyber-attack, reports Business Standard citing Press Trust of India.
Published July 23, 2014 - 5:21am CST
Fitch Ratings Ltd. has said that the changing insurance rules in Indonesia aimed at improving transparency and stability will shape the overall sector, Asia Insurance Review reported.
Published July 23, 2014 - 5:19am CST
Premiums reported by insurers in Azerbaijan in the first half of 2014 increased 7% year on year to 212 million Azerbaijani manats ($270.3 million), Forinsurer reported citing Interfax-Azerbaijan.
By: Matthew Lerner
Published July 22, 2014 - 4:29pm CST
Net income declined 12.5% to $779.0 million at Zurich-based Ace Ltd. as the company's agriculture activities weighed upon results.
Published July 22, 2014 - 3:20pm CST
(Reuters) — U.S. motorcycle maker Harley-Davidson Inc. came late to the offshoring game.
By: Sarah Veysey
Published July 22, 2014 - 11:52am CST
Beazley P.L.C. reported pretax profit of $132.9 million for the first six months of 2014, up 61.5% posted for the comparable period last year, the Dublin-based insurer and reinsurer said Tuesday.
Published July 22, 2014 - 10:33am CST
(Reuters) — The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc. and others, as well as McDonald's products as far away as Japan.
Published July 22, 2014 - 5:54am CST
Clashes between rival Libyan militias at Tripoli airport resulted in an estimated $200 million to $400 million in damages to aircraft, Barclays P.L.C. said in research.
Published July 22, 2014 - 5:52am CST
Daniela Murias, director of Brazilian aviation at Allianz Global Corporate & Specialty, said increasing competition in the Brazilian reinsurance industry has pushed down rates much beyond than what the fall in aviation accident rate would account for, BNamericas reported.
Published July 22, 2014 - 5:51am CST
The United States Geological Survey has said a magnitude 6.2 earthquake struck off Japan's northeast coast, near the disputed Russian-administered Kuril Islands, reports Japan Today citing Agence France-Presse.
Published July 22, 2014 - 5:49am CST
The Nigerian insurance sector earned 1.5 trillion Nigerian naira ($9.37 billion) in premiums from 2004 to 2013, the Nigerian Insurers Association revealed.
Published July 22, 2014 - 5:47am CST
Three reinsurers from Bermuda, France and Morocco have come together to set up a reinsurer, Mamda Re, that will cover agricultural risks in the Moroccan and African markets, Middle East Insurance Review reported.
Published July 22, 2014 - 5:45am CST
Typhoon Rammasun has claimed 94 lives in the Philippines and caused an estimated 7.3 billion Philippines pesos ($167.9 million) in damage, the National Risk Reduction and Management Council said.
Published July 22, 2014 - 5:44am CST
Carlos Chamochumbi, commercial vice president at Peruvian insurer Interseguro Compañía de Seguros de Vida S.A., has said that insurance penetration in the country will increase to 3.31% by 2020, reports Peru21.pe.
Published July 22, 2014 - 5:42am CST
Ghana's insurance industry saw 23 out of the 25 nonlife players close the first quarter with combined earnings of 226.3 million Ghanaian cedi ($84 million), Business & Financial Times reported.
Published July 22, 2014 - 5:40am CST
The Cross Border and Group Widening Supervision Manual, which was created in 2013 and is now being implemented, will strengthen East Africa's insurance industry, East African Business Week reported.
Published July 21, 2014 - 12:01pm CST
(Reuters) – McDonald's Corp. and Yum Brands Inc are facing a new food safety scare in China, denting the fast food restaurants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
Published July 21, 2014 - 11:31am CST
(Reuters) — Britain’s anti-fraud agency said on Monday it has launched a criminal investigation into alleged rigging of the $5.3 trillion-a-day currency market.