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S.African hospital reports ‘superbug’ outbreak
A South African outbreak of a multi-drug resistant "superbug" has been contained after it infected nine patients of whom three were still in quarantine,...
South Korea : life insurers fined for fixing interest rates
South Korea's anti-monopoly watchdog said it had imposed a combined fine of $316 million against 12 life insurers for colluding to rig interest rates.
The...
AIR Worldwide : insured losses estimated Less than USD 52 Million
After striking a sparsely populated stretch of Mexico’s Pacific coast on October 11 as a Category 2 hurricane, Jova weakened as it traveled inland...
AIR Worldwide : Hurricane Jova makes landfall on Mexico’s Southwest Pacific Coast
Hurricane Jova made landfall as a Category 2 storm in a sparsely populated stretch of the Mexican state of Jalisco, near the town of...
New Zealand : earthquake levies will triple as Of Feb 2012
Early 2012, New Zealand’s government will triple levies paid to New Zealand's Earthquake Commission to help rebuild a NZ$6 billion (US$4.7 billion) Disaster Fund....
AIR Worldwide : Hurricane Jova is headed toward Mexico
Jova, the ninth hurricane of the eastern Pacific season and the tenth named storm is 250 miles southwest of the port city of Manzanillo...
U.S. : California bans under-age tanning and public guns
California governor Jerry Brown won praise Monday for banning under 18s from using tanning beds, the first US state to do so to protect...
European legislative package adopted to boost cohesion investments
Over the last ten years, the European cohesion policy has been a force for change. It has made a genuine contribution to convergence and...
Taiwan : regulator approved Chinatrust acquisition of Metlife’s Taiwanese unit
Taiwan's financial regulator said Thursday it has approved Chinatrust’s USD180 million acquisition of MetLife’s Taiwanese life insurance unit.
The Financial Supervisory Commission said that, according...
Oil leak : off the coast of New Zealand
Off the coast of New Zealand, a Liberian-flagged vessel struck a reef and started leaking oil early Wednesday.
Some oil-soaked dead birds have been found...
Lloyd’s of London : Florida’s regulation office grants eligible reinsurance status
The Lloyd’s of London will now have the opportunity to operate in the state of Florida. The Florida Office of insurance Regulation agreed and...
HSBC : approaches Japan insurers for unit sale
For approximately USD1 billion, HSBC has approached the top three p&c insurers in Japan about the sale of its non-life insurance business.
Japanese insurers have...
WHO : Britain joins Jimmy Carter to wipe out worm disease
Great Britain has pledged to contribute GBP20 million to a fund campaign spearheaded by Former US president Jimmy Carter in order to eradicate a...
Fitch Ratings : German non-life insurance sector rating outlook to remain stable
The German non-life insurance sector remains stable according to Fitch Ratings. German non-life companies are well prepared to meet the sector’s challenges, and there...
U.S. : infected cantaloupes have killed 18
In the US, since late July there has been eighteen deaths and over a hundred have fallen ill from eating cantaloupes infected with...
Aon Hewitt / US : average cost of health coverage per employee is expected to cross the 10,000 USD mark in 2012
According to Aon Hewitt, the average cost for employee health coverage will pass the $10,000 mark in 2012, even though costs are projected to...
FSA : commitment to 2013 Solvency II deadline would result in considerable savings for the insurance sector
A decision by the FSA to begin the implementation of Solvency II requirements in 2013 despite the expected EU-delay until 2014 would result in...
US : Rare flu-like virus on the rise
A rare virus has killed three people and sickened nearly 100 in Japan, the Philippines, the United States and the Netherlands over the past...
Shock cuts hit healthcare in Spain’s richest region
Spain's crisis spending has cut a bit deeper with its richest region, Catalonia, suspending payments this past week to care homes and mental clinics...
Warren Buffet : higher taxes on wealthy people could raise as much as USD 20 billion
President Barack Obama's proposal to raise the income tax rate on Americans who make $1 million a year or more could generate annual revenue...
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