Insurers pulling out of markets in the wake of natural disasters

The natural disaster rate climbs as industry reevaluates high risk areas. Natural disasters seem to be happening more regularly, a fact that the global insurance…

China to strengthen regulations for growing insurance industry

Major changes for China insurance industry. The insurance industry in China is growing at a rapid rate. The country recently opened up its borders to…

Missouri Senate overturns Governor Nixon veto on worker’s compensation changes

The Missouri Senate has overridden a veto from Governor Jay Nixon concerning the states worker’s compensation laws. Governor Nixon had vetoed a bill last month…

MasterCard and Visa warn of massive security breach, insurers highlighting the need for cyber security

Financial giant MasterCard has announced that there may have been a breach in its security systems this week. The potential breach is linked to a…

Vienna Insurance Group sees European insurance markets stagnating amidst financial crisis

Vienna Insurance Group, one of the largest insurers in Europe, is showing concern over the regions international insurance markets. According to the company’s forecasts, the markets are…

UK Supreme Court issues ruling on controversial asbestos liability case

The United Kingdom Supreme Court has issued a ruling on a controversial case concerning asbestos in workplaces. The issue arose in 2008, when a number…

Total SA natural gas leak births insurance nightmare as the industry tackles yet another man-made environmental disaster

Trouble is brewing in the North Sea where a major natural gas leak is causing problems for Total SA, a multinational oil company. The leak…