Rescuers raced to search for survivors amid strong aftershocks after Croatia’s worst earthquake in 140 years killed seven people and devastated cities and towns in one of the nation’s poorest regions. The 6.3-magnitude tremor on Tuesday damaged most of the …
An earthquake rattled Croatia’s capital, a month after a stronger tremor left Zagreb in need of $6 billion for renovation, adding to a growing list of costs as the European Union battles the coronavirus. The 3.5-magnitude temblor on Thursday was …
According to catastrophe modeling firm AIR Worldwide, Southeast Europe is experiencing record levels of flooding after three months’ worth of rain fell in just three days. The report cited the “many landslides” that have covered roads, homes, and villages, as …
During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on it. “Somebody came by, grabbed the umbrella and broke …
American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and was undergoing “aggressive chemotherapy.” …
Insurance buyers across Europe, the Middle East and Africa (EMEA) are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a report published …
A chip for Spot? In a country where guns are tightly controlled and even carrying a kitchen knife can bring prison time, some thugs use dogs to menace their victims. Now the British government is proposing that dog owners be …
Allianz annonced that, effective January 1, 2010, Manuel Bauer will be CEO of the new growth region – ‘Central and Eastern Europe, Middle East and North Africa’ (CEEMA). He succeeds Klaus Junker, former CEO of the New Europe region, who …
Proud, Not Embarrassed “We are absolutely not embarrassed. In fact, we’re very proud of the success that Pinnacol has realized for the state of Colorado. We are very proud that we have a very viable, stable, competitive system in Colorado.” …
Bailed-out insurer AIG told its new chief executive Robert Benmosche that he could not use the company-owned jet for his personal use, Bloomberg News reported. Citing unnamed sources, Bloomberg said AIG’s board told Benmosche he would only be able to …
