Insured Losses from Europe Floods Estimated at $2.65B, Less Than in 2002 June 7, 2013 By Carolyn Bandel The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from...
China: Company Bears ‘Unshirkable Responsibility’ for Deadly Poultry Plant Blaze June 7, 2013 Safety management at the Chinese firm whose poultry slaughterhouse caught fire earlier this week killing 120 people was a “total...
Governments and Re/Insurers Should Work Together to Face Rising Disaster Costs June 6, 2013 By Charles E. Boyle A presentation from the Geneva Association (GA), the international insurance think tank for strategically important insurance and risk management issues,...
Marsh to Acquire Brokerage in Dominican Republic June 6, 2013 Insurance broker Marsh has agreed to acquire Franco & Acra Tecniseguros, an insurance adviser in the Dominican Republic that has...
Colleagues Are Overpaid, Say U.K. Financial Employees June 6, 2013 By Ambereen Choudhury Most U.K. financial-services employees say some within their companies are paid too much amid negative public sentiment toward the industry,...
Germans Battle Rising Floods Threatening Historic Cities June 6, 2013 By Patrick Donahue and Stefan Nicola Firefighters, soldiers and volunteers in eastern Germany toiled through the night to defend against floods that have submerged towns, villages...
China Says It Has Data on U.S. Cyber Attacks, Calls for Cooperation June 6, 2013 China’s top Internet security official says he has “mountains of data” pointing to extensive U.S. hacking aimed at China, but...
East Germany Prepares for Dam Bursts as Prague Begins Clean-Up June 5, 2013 By Stefan Nicola and Lenka Ponikelska As the people of Prague started to clean up after three days of flooding, residents in the eastern German cities...
China Poultry Plant Workers Didn’t Question Locked Doors June 5, 2013 By Koh Gui Qing Workers at a poultry slaughterhouse in northeastern China where 119 people died in a fire this week saw nothing odd...
Hub International Hires Chan in Toronto, Acquires Book of Business June 4, 2013 Hub International Limited (Hub) subsidiary Hub International HKMB Limited (Hub HKMB) has acquired a book of commercial and personal lines...