Insurance
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Product safety top of bill in EC-China talks
EU Health and Consumer Policy Commissioner, John Dalli, has placed product safety top of his agenda in a series of…
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Commission launches consultation on country-by-country reporting
The European Commission has launched a public consultation to seek stakeholders' views on financial reporting on a country-by-country basis by…
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Europeans want action on cross border legal disputes
Three out of four Europeans (73%) want action to help them resolve legal disputes and assert their rights in other…
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Russian fire and drought to spark demand among buyers–S&P
The prolonged heat wave and damage from fires and drought that hit Russia this summer caused considerable economic and personal…
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Somali pirates extend scope of attacks
Somali pirates have continued to expand the scope of their attacks in the first nine months of 2010 and for…
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Insurers must not ignore the competitive advantages of Solvency II-PwC
Insurers must not waste the opportunity afforded to them by Solvency II to show their value to customers and investors…
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UK flood spend set to increase despite budget cut for DEFRA
Despite an 8% budget cut for the UK's Department for Environment, Food and Rural Affairs, announced in its governments spending…
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QIS 5 delayed but captives have not been ignored
Captive owners will have to wait a few weeks longer than expected for the results of QIS 5 but can…
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Commission looks to beef up ELD as Hungary counts cost of toxic disaster
A recent report from the European Commission suggests that it is looking to beef up the Environmental Liability Directive [ELD]…
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Algerian ruling sparks renewed Spanish energy security fears
A controversy over the price of gas imported from Algeria has revived fears in Spain about the security of energy…
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IAIS gives cautious response to global programmes initiative
The European insurance management community faces an uphill struggle to spark interest among supervisors in an international initiative on global…
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ELD to ‘bare its teeth’ in Hungarian toxic spillage
The disaster in Hungary, which has seen toxic sludge escape from a reservoir in the city of Ajka, should serve…
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No hard market on the horizon–Bowring Marsh
Global property and casualty rates show no sign of hardening and, barring a major loss, are expected to remain soft…
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P&I clubs weather stormy conditions
Barring any external factors of 'seismic proportions', market conditions are likely to restrict any general premium increase at the February…
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Commission review of broker pay delayed
The review of the Insurance Mediation Directive [IMD] that could lead to a formal requirement about how insurance and reinsurance…
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LIIBA announces deal with TMF on global programmes
The London and International Insurance Brokers’ Association [LIIBA] has teamed up with TMF VAT & IPT Services, a company that…
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Insurance-based incentives reduce workplace accidents
The implementation of economic incentives for companies, and especially the prospect of paying lower insurance premiums, provides an efficient way…
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World’s top 3,000 companies caused over $2tn environmental damage in 2008
A new United Nations-backed study has estimated that the world’s top 3,000 companies by market capitalisation caused some $2.15tn of…
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Mounting scrutiny on Italian motor insurers reveals concerns
The preliminary findings of the Italian antitrust authority's probe into motor-liability insurance in Italy suggest that the body may act…
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Allianz launches cover for freezing Dutch workers
Allianz Risk Transfer, Galileo Weather Risk Management, the specialist energy and weather risk underwriting company, and Nephila Capital Ltd have…