Published August 22, 2014 - 8:54am CST
(Reuters) — Indonesian lawmakers are looking into the possibility of reducing the stake foreign investors are allowed to hold in local insurers, the latest move toward more nationalistic policies in Southeast Asia's biggest economy.
Published August 22, 2014 - 5:14am CST
Recurring power cuts pose a threat to several businesses in Egypt, Xinhua reported.
Published August 22, 2014 - 5:13am CST
Santiago, the capital of Chile, seems to be increasingly facing the threat of bomb attacks, BNamericas reported.
Published August 22, 2014 - 5:12am CST
Planned work stoppages in Ireland, slated to be held on Sept. 7 and Sept. 21, will cause considerable damage to the economy, said Simon McKeever, head of the Irish Exporters Association.
Published August 22, 2014 - 5:10am CST
U.K.-based insurer Ecclesiastical Insurance Group P.L.C. recorded a 25% year-on-year decline in pre-tax profit to £18.4 million ($31.4 million) in the first half of 2014, Gloucester Citizen reported.
Published August 22, 2014 - 5:09am CST
An oil spill that contaminated a stretch of the Rio San Juan river will "take approximately two to three months" to clean up, David Korenfeld, head of Mexico's national water commission, said.
Published August 22, 2014 - 5:08am CST
A fire engulfed 600 square meters of an unfinished railway station in China's Xinjiang Uygur Autonomous Region, Xinhua reported.
Published August 22, 2014 - 5:06am CST
Takaful firms in Malaysia have been advised to consider merging soon due to potential limited growth prospects and strong competition, particularly with the approaching de-tariffication of fire and motor insurance in 2016.
Published August 22, 2014 - 5:05am CST
Miners in Chingola damaged property worth thousands of Zambian kwacha belonging to Konkola Copper Mines P.L.C. as they sought higher wages and improved work conditions, reported Lusaka Times. KCM residential flats were among the damaged properties.
Published August 22, 2014 - 5:03am CST
Russia-based Soglasie Insurance Co. Ltd. has made an insurance payment of more than 6.7 million Russian rubles ($184,450) to a shipping company for damage to a vessel's main engine, Forinsurer reported.
Published August 21, 2014 - 11:19am CST
(Reuters) — Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine that they fear could spread to other symbols of Western capitalism.
By: Kate Shepherd
Published August 21, 2014 - 9:47am CST
Aon Risk Solutions has appointed Steve Niparko as senior vice president and strategic account manager of the firm’s construction services group for the Denver office.
Published August 21, 2014 - 5:41am CST
The shipping industry is increasingly looking at the possibility of using the Arctic shipping routes, leading insurers to consider the situation.
Published August 21, 2014 - 5:40am CST
The drought in Brazil was the third-most expensive natural catastrophe in the world during the first half of 2014, leading to economic losses of $4.3 billion, Aon Benfield Inc. said.
Published August 21, 2014 - 5:38am CST
Insurance Australia Group Ltd.'s New Zealand arm has paid out more $3.3 billion New Zealand ($2.9 billion) for the Canterbury earthquakes damage and has settled 58% of the claims, The New Zealand Herald reported.
Published August 21, 2014 - 5:37am CST
Niger Insurance P.L.C. is working with foreign reinsurers to provide terrorism insurance products in Nigeria, ThisDay Live reported.
Published August 21, 2014 - 5:36am CST
Heavy rains and hailstorms have hit China's Ningxia Hui Autonomous Region, killing four and resulting in direct economic losses of about 210 million Chinese yuan ($34 million), Xinhua reported.
Published August 21, 2014 - 5:34am CST
Insurers in Oman have been directed to increase their minimum capital to 10 million Omani rials ($26 million) from OMR 5 million, Times of Oman reported.
Published August 21, 2014 - 5:32am CST
Landslides triggered by heavy rains have claimed at least 36 lives in Japan's Hiroshima city, Reuters reported.
Published August 21, 2014 - 5:30am CST
Chrysler Group L.L.C. and General Motors Co. will recall vehicles in China over software flaws and airbag issues, respectively, Xinhua reported.
Published August 21, 2014 - 5:27am CST
The Finance Ministry of Belarus recently introduced standards to ensure proper operation of insurers, reports Forinsurer.
Published August 20, 2014 - 10:19am CST
Even when a loss assessor contributes to losses for the insurer she works for it’s apparently not sufficient grounds in Ireland to fire her.
Published August 20, 2014 - 8:30am CST
(Reuters) — China is testing out an insurance system to fund reconstruction work after natural disasters as part of a broader push to expand the insurance sector, a top regulator said on Wednesday.
Published August 20, 2014 - 5:32am CST
SOGAZ Insurance Group's chairman Sergei Ivanov has said that the Russian central bank is discussing options to support insurers in the country who have been affected by a lack of reinsurance capacities, Forinsurer reported citing Interfax.
Published August 20, 2014 - 5:30am CST
Insurer Clements Worldwide said the threat of violence due to the presence of Islamic State of Iraq and the Levant in northern Iraq has prompted insurers to increase political risk premiums, reports Middle East Insurance Review citing news website Quartz.