International
Canada Train Explosion Spurs Debate Over Safety of Crude Oil Shipping
A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp.'s Keystone XL. As authorities ...
China Insurer Buying Lloyd’s of London Building for $388 Million
Ping An Insurance Group Co., China's second-largest life insurer, agreed to buy the Lloyd's of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. ...
Europe’s Financial Regulation Scheme Still a Work in Progress
Five years after mismanagement brought the global financial system to the brink of collapse, a Reuters survey reveals yawning differences in the way European Union countries assess whether bankers ...
Lloyd’s CEO Ward Resigning; Search For Successor Begins
On Wednesday, Richard Ward, chief executive officer of Lloyd's, announced his intention to resign at the end this year. "This has not been an easy decision to make but, as Lloyd's longest-serving ...
Longer-Term El Nino Warnings Promise to Help Farmers with Drought, Floods
Scientists have found a way to forecast El Nino weather events in the Pacific a year in advance, long enough to let farmers plant crops less vulnerable to global shifts in rainfall, a study showed on ...
AIR Releases Japan Earthquake Model Update; Reflects Tohoku Insights
Catastrophe modeling firm AIR Worldwide announced Monday that it has updated its Earthquake Model for Japan to include insights gained from the Great Tohoku earthquake of March 2011. The Tohoku event ...New York Probes 20 Foreign Reinsurers’ Compliance with Iran Sanctions
New York's financial regulator has asked 20 non-U.S. reinsurers whether they conducted business with entities linked to Iran, as part of a review of these companies' ability to comply with a new U.S. ...
Warming Happening Faster In High Latitude Coastal Waters: University Research
Locally, changes in coastal ocean temperatures may be much more extreme than global averages imply. New research published in the June 18 edition of Public Library of Science (PLoS ONE) entitled ...