International News

Lufthansa Liability May be Unlimited; Insurance in Play

Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. “The liability for the victims would be uncapped,” said George Leloudas, a lecturer at Swansea …

Heavy Rains Cause Flooding in Usually Bone-Dry Chile Desert

Flooding caused by abnormally heavy rains cut roads, knocked out electricity and threatened several communities in the usually bone-dry Atacama Desert region early Thursday. Local media quoted police as saying two people had been killed in the coastal town of …

Guernsey’s Heritage Insurance Accorded Lloyd’s Registered Broker Status

Guernsey-based Heritage Insurance announced that it has been accorded Lloyd’s registered broker status. “This allows Heritage Insurance Solutions, the FCA-regulated arm of the Guernsey-headquartered Heritage Group, to place business directly with Lloyd’s underwriters,” the announcement said. Heritage Insurance Solutions managing …

Catlin Joins London Natural History Museum’s Major Coral Reef Exhibition

Catlin Group Limited announced that it has joined forces with the Natural History Museum in London to present a major exhibition, which opens today, exploring the importance and beauty of the world’s coral reefs. “The exhibition, ‘Coral Reefs: Secret Cities …

Analysts Say Low Interest Rates to Drag on Insurer Profits, Dividends Long-Term

Rock-bottom interest rates could erode insurers’ earnings power and financial strength for years to come, putting an end to a string of stronger-than-expected rises in dividends, analysts said in reports published on Thursday. Credit rating agency Moody’s said it expected …

Earth’s Surface Rising in North America, Europe: After-Effect of Ice Age

In the U.S., this past year has had more than enough reminders of how weather can affect our lives. California is heading into its fourth year of drought because it didn’t get enough snow. Boston is just emerging from a …

Meltdown at RSA’s Irish Unit Laid Bare at Dublin Employment Tribunal

Philip Smith’s son thought the worst when friends texted him on an evening in early November 2013, saying “sorry to hear about your father.” “He assumed I was dead,” Smith, 47, told an employment tribunal in Dublin this month that …

Yemen Conflict Could Disrupt Major Oil Shipping Route; Insurers Pull Back

Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. …

Germanwings Crash Shows Need for Protections Against Suicidal Crew Members

The suspected intentional destruction of a Germanwings jet by a pilot shows the need for new protections against suicidal crew members, a threat emerging as one of the worst in modern aviation, accident investigators say. With French prosecutors saying the …

Miller Appoints Milner to Help Build Cyber & Technology Book

Miller, the London-based specialist insurance and reinsurance broker, has hired Simon Milner, in a production and broking role in the cyber and technology area. In a press release, Miller said the appointment underlines its plans to build on the growth …

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