Global Risk Insights
- Indonesian and Malaysian palm oil at a crossroads
by Alexander Macleod on 2017-08-31 at 08:00Europe’s war against palm oil and overall western pressure risks pushing Indonesia and Malaysia closer to less regulated markets. The post Indonesian and Malaysian palm oil at a crossroads appeared first on Global Risk Insights. […]
- The Week Ahead
by Global Risk Insights on 2017-08-28 at 04:45UN Secretary General attempts to reanimate peace talks. Kurdish referendum plans in limbo. Venezuela begins drafting a new constitution amid sanctions. German general election heats up. All in The Week The post The Week Ahead appeared first on Global Risk Insights. […]
- Trump’s wall threatens Mexican environmental progress
by Nancy Palencia on 2017-08-22 at 12:00The US decision to leave the Paris Agreement is likely to affect the environments of other nations and the US-Mexico border wall is an example of the risk. The post Trump’s wall threatens Mexican environmental progress appeared first on Global Risk Insights. […]
- The myth of fingerprints: Russia and Kazakhstan’s legacy of ghost assets
by Nicholas Trickett on 2017-08-21 at 12:00The USSR’s fall led to a vast cavalcade of unclaimed objects and land in Russia and beyond. These assets aren’t just lying around: they’re being used. The post The myth of fingerprints: Russia and Kazakhstan’s legacy of ghost assets appeared first on Global Risk Insights. […]
- The Week Ahead
by Global Risk Insights on 2017-08-21 at 05:49India to host Nepalese Prime Minister as tensions continue over Doklam. UK releases more Brexit position papers. Jackson Hole Summit. All in The Week Ahead. The post The Week Ahead appeared first on Global Risk Insights. […]
Claims Journal
- South Korea Court Rules Worker’s Rare Disease Linked to Samsung Factory
on 2017-08-31 at 14:05South Korea’s Supreme Court said a former worker in a Samsung LCD factory who was diagnosed with multiple sclerosis should be recognized as having an occupationally caused disease, overturning lower courts’ verdicts that held lack of evidence against the worker. […]
- Many Harvey Flood Victims Will Have to Pay Out of Pocket for Home Repairs
on 2017-08-31 at 09:36Homeowners suffering flood damage from Harvey are more likely to be on the hook for losses than victims of prior storms – a potentially crushing blow to personal finances and neighborhoods along the Gulf Coast. Insurance experts say only a […]
- Federal Probe Finds Abuse in Nursing Homes Largely Unreported Despite Law
on 2017-08-31 at 09:13More than 1 in 4 cases of possible sexual and physical abuse against nursing home patients apparently went unreported to police, says a government audit that faults Medicare for failing to enforce a federal law requiring immediate notification. The Health […]
- Harvey Makes Another Landfall on Battered Gulf Coastline
on 2017-08-31 at 08:57On Tuesday morning, disaster analyst Chuck Watson pegged $42 billion as a reasonable estimate for the cost of destruction Tropical Storm Harvey would leave in its wake. By dawn Wednesday, he had raised that to much as $75 billion. Harvey’s […]
- When Perils Combine – Concurrent Causation and Texas Law
on 2017-08-31 at 08:28Hurricane Harvey is the strongest hurricane to hit the Texas coast in over 55 years. Like all hurricanes, in some locations Harvey produced strong winds causing wind uplift and projectile property damage. Such damage was widespread in the Rockport area. […]
Insurance Journal
- Florida Workers’ Comp Premiums Going Down? NCCI Files for 9.6% Decrease
by Amy O’Connor on 2017-08-31 at 14:48Just under a year since Florida workers’ compensation rates shot up by 14.5 percent, Florida businesses may get some relief in their workers’ comp premiums. The National Council on Compensation Insurance (NCCI) has recommended to Florida regulators an overall premium […]
- India’s Financial Hub Paralyzed by Torrential Monsoon Rains; Death Toll Rises
by L.S. Howard on 2017-08-31 at 14:23Two toddlers were among 14 people killed in Mumbai after floods caused by heavy monsoon rains destroyed homes and disrupted traffic in India’s financial capital, police said, but lighter-than-feared rain on Wednesday helped relief efforts. More than 1,200 people have […]
- A.M. Best Revises Outlook to Negative for Pennsylvania’s Eastern Atlantic Insurance
by Elizabeth Blosfield on 2017-08-31 at 14:22A.M. Best has revised its outlook to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Harrisburg, Penn.-based Eastern Atlantic Insurance Company (EAIC). The revised outlooks are due […]
- Marsh Names Nayler, from Aon, to Lead Financial Institutions Industry Practice
by L.S. Howard on 2017-08-31 at 14:15Marsh announced the appointment of David Nayler as Leader of its UK Financial Institutions Industry Practice. Reporting to Charles Beresford-Davies, Risk Management Practice leader, UK & Ireland, Nayler’s employment is expected to commence in early 2018. In this role, Nayler […]
- China’s Fosun to Continue ‘Genuine’ Overseas M&A
by L.S. Howard on 2017-08-31 at 14:04Fosun International, one of China’s most acquisitive conglomerates, brushed off the impact of a crackdown on overseas dealmaking and said it welcomed Beijing’s guidelines on offshore investment, as it posted a record jump in first-half profits. After several years of […]
Asia Insurance Review
- Myanmar: Insurance schemes to be introduced to farmers
on 2017-08-31 at 23:41Several different insurance schemes could soon be made available to farmers and fishermen in Myanmar. […]
- Singapore: PolicyPal first to complete MAS Fintech sandbox trials
on 2017-08-31 at 23:41Singapore-based startup PolicyPal has announced that it has successfully completed experiments on its solutions in the MAS FinTech Regulatory Sandbox and will commence operations as a registered direct insurance broker and exempt financial adviser under its subsidiary BaoXianBaoBao on 1 September, […]
- India: Central database of insurance sales people launched
on 2017-08-31 at 23:41The insurance regulator IRDAI has launched a central database of insurance sales persons in the country. […]
- China: Reverse mortgage scheme struggles to take off
on 2017-08-31 at 23:41The take-up rate for a government-backed reverse mortgage scheme remains low three years after its launch. […]
- New Zealand: Building insurance costs could jump by more than 50%
on 2017-08-31 at 23:41Insurance brokers have warned that higher taxes and a changing market could see the cost of insuring some buildings rise by more than 50% soon. […]
Canadian Underwriter
- City of Windsor records nearly 2,700 basement flooding reports from severe rain event
by Canadian Underwriter on 2017-08-31 at 15:11The City of Windsor in southwestern Ontario has reported nearly 2,700 basement flooding reports as of late Wednesday afternoon. The city continues to recover from a severe rain event on Aug. 29 that resulted in flooded roads, properties and basements.… The post City of Windsor records nearly […]
- Economic losses from Hurricane Harvey could be as high as US$70-90 billion: preliminary RMS estimate
by Canadian Underwriter on 2017-08-31 at 13:59Economic losses caused by wind, storm surge and inland flood from Hurricane Harvey could be as high as US$70-90 billion, according to preliminary estimates from Risk Management Solutions, Inc. (RMS). The Newark, Calif.-based global risk modelling and analytics firm said… The post Economic […]
- SCM Insurance Services announces majority investment from private equity firm Warburg Pincus
by Canadian Underwriter on 2017-08-31 at 12:00SCM Insurance Services announced on Thursday that it has received a majority investment from funds affiliated with Warburg Pincus LLC, a global private equity firm focused on growth investing. The major investment, along with the continued investment in SCM by… The post SCM Insurance […]
- Insurers have ‘hidden behind’ regulators: Executive Forum speaker
by Jason Contant on 2017-08-30 at 23:16Technological innovation is not among the goals of some government regulators overseeing insurance markets, but some can be persuaded to allow innovation if a determined insurance provider presents “a good case study,” speakers suggested Tuesday at the Insurance-Canada.ca Executive […]
- CDL – The Licence Appeals Tribunal: A Year in Review & “Future Handling”
by Enza DelCogliano on 2017-08-30 at 22:06AUDIOCONFERENCE – Monday, September 25, 2017 @ 12:30pm CPD: .75-1 Hour Substantive Cost: Members $113 Non Members $141.25 (HST Included) Speakers: Sonia Fabiani, Lerners LLP and Andrea R. Lim, Dutton Brock LLP WHAT WILL YOU LEARN? On September 25, 2017,… The post CDL – The […]
Canadian Insurance Top Broker
- B.C. tourism industry taking a significant hit due to wildfires
by tessie on 2017-08-31 at 14:37More than 1,000 fires have burned since April 1 […]
- Manitoba and Saskatchewan hit by wildfires
by tessie on 2017-08-30 at 20:00The situation is affecting residents of three First Nations communities in Manitoba and Pelican Narrows in Saskatchewan […]
- Chubb brings new cyber coverage to market
by tessie on 2017-08-30 at 19:46Features include enhanced business interruption coverage and coverage of extortion expenses involving cryptocurrencies […]
- Talkin’ Tech at the Insurance-Canada.ca Executive Forum
by stephv on 2017-08-30 at 18:29InsurTech dominated the agenda at the Insurance-Canada.ca Executive Forum, held at the Toronto Sheraton Centre on August 29. Guest speakers tackled a variety of topics, from … […]
- Playground games lead to liability questions among Toronto school board, students and parents
by tessie on 2017-08-30 at 17:56Two children named in a cross-claim by school’s insurer, which is being sued for the original incident […]
Insurance Business Magazine – US
- Industry icon Robert J Newhouse Jr passes away
by Insurance Business on 2017-08-31 at 13:14Ex US Army officer was seen as an “architect” for the industry […]
- Report suggests slashing insurer’s profits
by Insurance Business on 2017-08-31 at 11:05General Accountability Office report targets significant savings in bill – industry reacts […]
- Lloyd’s syndicates hit back at Kanye West with countersuit
by Insurance Business on 2017-08-31 at 07:08Celebrity rapper had filed a $10 million lawsuit against insurance market […]
- Argo Group sees GWP climb 19%
by Insurance Business on 2017-08-31 at 06:30US operations one of the key factors behind the company’s success […]
- New Zealand, Texas insurers agree to arbitrate reinsurance spat
by Insurance Business on 2017-08-30 at 18:52The defunct company claims that an insurer owes it more than $1 million […]