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Venezuela's business association Fedecamaras said that a recent power outage across the country is likely to cost firms more than $200 million after looters ransacked 500 businesses in Maracaibo, Bloomberg reported. Venezuela-based food giant Empresas Polar S.A. said that looters destroyed its Pepsi plant, brewery and pasta factory. The company also lost 22 trucks and five forklifts. The blackout began on March 7 and continued till March 14.
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2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees