Online Social Network Can’t Be Piracy Police: European Court February 16, 2012 By Foo Yun Chee Online social networks cannot be forced to block users from downloading songs illegally, as this would push up their costs...
Moody’s Warns May Downgrade Global Banks, Cuts Ratings on Insurers February 16, 2012 By Ian Chua and Soyoung Kim Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another...
Europe’s Big Insurers Hit by Debt Crisis, Catastrophes, Economy February 16, 2012 By Myles Neligan European insurers Axa and Zurich Financial suffered on all sides last year as Europe’s debt crisis ate into their sovereign...
PERILS Estimates Windstorm Andrea Property Losses at $350 Million February 15, 2012 According to PERILS, the Zurich-based catastrophe data provider, initial loss estimates for property losses caused by windstorm Andrea, which struck...
JLT in Tie-up with Spanish Commercial Broker Unipsa February 15, 2012 The UK-based Jardine Lloyd Thompson Group plc announced that it will combine its existing Spanish retail brokerage business, JLT-SIACI Espana...
Best Affirms Mexico’s Seguros Inbursa ‘A’ Ratings February 15, 2012 A.M. Best Co. has affirmed the financial strength rating of ‘A ‘(Excellent) and issuer credit rating of “a” of Mexico’s...
More Shipwreck Survivors File Lawsuits against Carnival, Costa Cruises February 14, 2012 By Jane Sutton Dozens of additional survivors of the Costa Concordia shipwreck off Italy have joined a Florida lawsuit that accuses the ship’s...
MAPFRE Highlights 19.3% 2010 Latin American Insurance Market Growth February 14, 2012 By Charles E. Boyle A report from the FUNDACIÓN MAPFRE, which analyzed 19 Latin American countries, concludes that the Latin American insurance market “achieved...
Lloyd’s Estimates Thai Flood Losses at $2.2 Billion February 14, 2012 Lloyd’s announced that it is estimating its overall net claims from the flooding in Thailand last year to be in...
Chinese Firm Claims It Owns Apple’s iPad Trademark February 14, 2012 By Artemisia Ng and Melanie Lee A Chinese tech firm that says it owns the iPad trademark, plans to seek a ban on exports of Apple...