civil unrest News

Hong Kong Insurance Sales to Mainland Chinese Clients Drop 18% on Escalating Protests

Insurance sales in Hong Kong to mainland Chinese customers declined in the third quarter as escalating protests halted visits to the financial hub. Their purchases of insurance and related investment policies declined 18% to HK$9.7 billion ($1.2 billion) from a …

Hong Kong Financial Services Firms Concerned for Staff Safety as Protests Escalate

Finance firms in Hong Kong urged staff on Wednesday to seek safety or work from home as anti-government protests paralyzed the city’s business district for a third day in one of the biggest disruptions faced by the Asian finance hub. …

Few Hong Kong Firms Have Riot Insurance so They’ll Be Paying for Protest Damages

Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said. Businesses big …

Orioles to Play Game in Empty Baltimore Ballpark Wednesday

The Baltimore Orioles will play a home game against the Chicago White Sox on Wednesday in an empty stadium, a safety precaution due to the downtown riots triggered by a black man’s death while in police custody. The Orioles had …

Unrest in Ferguson, Missouri, Cost County $4.2M

The unrest in Ferguson, Mo., that followed the Aug. 9 shooting death of Michael Brown by a police officer has cost St. Louis County more than $4 million. The county’s chief operating officer, Garry Earls, told KMOV-TV that $2.6 million …

Lloyd’s: Increasing Civil Unrest Driving Political Violence Coverage Demand

A report from Lloyd’s of London concludes that the increasing demand for political risk insurance “has been rising as civil unrest and political violence continue to threaten businesses around the world.” The article on the Lloyd’s website cites several factors …

Civil Unrest Leads Aon to Downgrade 37 Countries on Political Risk Map

Aon Risk Solutions, the global risk management business of Aon plc, has just issued its latest political risk map, which gauges the level of risk for international business in more than 200 countries. Aon said “37 countries were downgraded in …