International
Insured Flood Losses In Germany At Least $5 Billion: AIR Worldwide
Catastrophe modeling firm AIR Worldwide estimates insured losses in Germany from the recent floods in central Europe at between $5.3 and 7.8 billion (EUR 4.0 billion and EUR 5.8 billion), adding that ...
Soggy British Weather Likely To Stay: Scientists
The best advice for visitors to Britain—pack an umbrella—is more vital than ever. Weather scientists said Tuesday that a country that has been unusually soggy in recent years is not likely to dry ...
Not Just Lip Service: Swiss Re Halts 23 Deals Violating Environmental Principles
Swiss Re released a report to measure its compliance with sustainability principles that it helped to create, revealing in the report that the reinsurer declined to enter into 23 business ...
Tax Dodges In The Crosshairs At G-8 Summit
World leaders at the G-8 summit declared Tuesday that governments must work together to close loopholes that allow multinational corporate giants to avoid paying taxes in their home countries. In a ...
FSB, FSOC Systemic Insurer Lists Need Alignment, Say U.S. Regulators
Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. G20 world leaders have ...
Scientists Agree Climate Change Is Real, World Bank Leader Says
The world should stop arguing about whether humans are causing climate change and start taking action to stop dangerous temperature rises, the president of the World Bank said on Wednesday. World ...
Analysis: Optimism Fading, Brazil Protests Put Leaders On Alert
When more than 200,000 protesters took to the streets across Brazil on Monday night, they demanded a dizzying array of improvements—from halting the fast rise of prices to cleaning up government ...
Unrest In Turkey Highlights Terror Coverage Gaps, Willis Exec Says
With acts of terrorism defined in different ways under standalone terrorism insurance policies, insureds could find themselves without coverage in situations more akin to political violence than ...