International
When EVs Take Off: AM Best Reviews Impact on China Motor Insurance
Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report published ...
China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet
China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. ...
Inside Luxury Goods’ Broken Workplace Safety Audit System
LVMH-owned Dior's production arm in Italy, Manufactures Dior, relied on formal inspections to assess working and safety standards inside its supply chain last year. In some cases, such certifications ...
Deadly Jet Crash in South Korea Marks Another Setback for Boeing
A machinists strike. Another safety problem involving its troubled top-selling airliner. A plunging stock price. 2024 was already a dispiriting year for Boeing, the American aviation giant. But when ...
Moderating Premium Rates, Falling Yields: European Insurers Resilient
European insurers are approaching the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to ...
INTERPOL, Canada Government Join Forces to Put Brakes on Transnational Vehicle Theft
A new initiative, between INTERPOL and the Government of Canada, will target the multi-billion dollar global industry fueling organized crime involved in vehicle theft and illegal trade of spare ...
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon
The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to-date economic losses above at least $258 billion and insured losses of at least $102 billion, ...
Central European Floods to Cost Insurers $2.2B to $3.4B: Verisk
Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to ...