MIGA claims insurance may secure investments in developing countries

International Insurance fund news

MIGA suggests that insurance may encourage investments in developing countries Insurance may be the key to ensuring that new investment frontiers are taken seriously, according to the World Bank’s Multilateral Investment Guarantee Agency (MIGA). New investment frontiers are emerging in the developing markets of Africa, Asia, and the Middle East. These markets are inundated with a significant amount of risk, some of which is linked to politics. These risks threaten returns on the investments made in these markets, causing investors to be cautious. Insurance may be the answer to this…

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Liberty Mutual highlights underpricing as a serious problem

Liberty Mutual Insurance News

Insurer takes aim at the problem of underpricing in the commercial market Liberty Mutual, the third largest property and casualty insurer in the U.S., expects the price of the country’s commercial insurance lines to continue to grow, but not at an adequate pace to resolve some of the problems running rampant in the insurance industry. Liberty Mutual CEO David Long notes that underpricing has been a significant problem in commercial lines for some time. Underpricing has had a particular impact on the worker’s compensation sector. There may be a solution,…

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2012 Farm Bill needed in light of drought disaster

Texas Drought

Drought spurs organization to appeal to federal lawmakers The drought that has gripped much of the U.S. over the past several months is showing no signs of abatement. Indeed, the drought may be getting worse as many states become official disaster areas due to the extremely dry conditions. The drought has already taken its toll on farmers, but is likely to continue causing problems well into the future. This possibility has led the American Soybean Association (ASA) to petition federal legislators to pass the so called 2012 Farm Bill that…

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UK insurance industry may be faced with higher claims due to legal reform

Insurance Industry News

Law Commission proposes changes to 1906 law United Kingdom insurers may be faced with higher claims due to a legal reform coming from Britain’s Law Commission. The commission has announced that a 1906 law which deemed a company’s insurance coverage invalid if they did not voluntarily offer up information when taking out new policies has had unintended side effects in the insurance industry. According to the Law Commission, the law enabled insurance companies to avoid playing claims due to technicalities, a problem that may be changed with upcoming reform. Insurance…

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Insurance industry may be confronted with rising sea levels

Global Mean Seal Level Change - Wikipedia

Report shows sea levels rising in the east coast The U.S. Geological Survey (USGS) has published a new report that documents the rate at which the sea level along the Atlantic Coast is rising. The report shows that the sea level in this region is rising three-to-four times faster than it is in other parts of the world. The report suggests that climate change could be playing a factor, as warming temperatures are having an effect in the far north. What higher sea levels could mean for the U.S. insurance…

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