A research study, commissioned by Lloyd’s and the Economist Intelligence Unit in 2007, found that “54 percent of business leaders felt that the risk to their company of political violence and terrorist activity would increase over the next five years.” …
French reinsurer SCOR SE announced that it has renewed its successful business relationship with the Medical Defence Union Ltd. (MDU), the UK’s leading medical defense organization. MDU was a joint venture partner of Converium AG of Switzerland, which became part …
Dublin-based Research and Markets announced the addition of “South African Insurance Industry Forecast till 2012” to their offering. The report “provides extensive research and in-depth analysis of the insurance sector in South Africa,” said the bulletin. “Detailed analysis supplemented with …
CNinsure Inc., an independent Chinese insurance agency and brokerage company, announced the signing of a definitive agreement to acquire a 60 percent stake in Hubei East Century Insurance Agency Co., Ltd. The transaction is expected to close at the end …
Bermuda-based Endurance Specialty Holdings Ltd. announced that Robert Needle will join the Group, as Executive Vice President Excess Casualty and Professional Lines, subject to approval by the Bermuda Department of Immigration. Michael Fujii, CEO Global Insurance described Needle as “a …
Jurors sided with oil giant BP Corp. North America Inc. Monday in a pollution lawsuit filed by the city of Neodesha seeking to recover the costs of cleanup and damages caused by an oil refinery. Jurors hearing the case in …
Due to the damages caused by the rain, heavy snow and high winds in the projected series of storms in northern Nevada last weekend, Commissioner of Insurance Alice A. Molasky-Arman has given temporary approval for nonresident insurance claims adjusters to …
Los Angeles-based Farmers Group Inc. announced it is presenting $62,000 to the La Jolla Band of Mission Indians to help rebuild after the Southern California fires of 2007. “The La Jolla Tribe felt first-hand the ravages of the 2007 fires. …
On Dec. 26, 2007, President George W. Bush signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), thereby retaining the federal backstop for terrorism risk through Dec. 31, 2014. The language of the new law, which …
While it’s too soon to tally insured loss estimates, Nevada residents who fled nearly 300 homes flooded when a canal’s earthen bank collapsed are returning to their homes where they will face damage left by the wave of frigid water …