by AIP Online Bureau | May 22, 2019 | International News, Non-Life, Risk Management
A French woman whose husband died in the crash of a Boeing 737 MAX airliner in Ethiopia has filed a U.S. lawsuit against the planemaker, seeking at least $276 million in damages. The crash of Ethiopian Airlines flight 302 in March killed all 157 passengers and...
by AIP Online Bureau | May 22, 2019 | Health, International News, Risk Management
Johnson & Johnson was ordered to pay at least $25 million to a woman who said she contracted a rare asbestos-related cancer through decades of daily use of J&J’s Baby Powder or its other talc product, Shower to Shower. The New York verdict for...
by AIP Online Bureau | May 22, 2019 | International News, Non-Life, Reinsurance
Tokyo: Japan’s non-life insurers are facing pressure to rebuild catastrophe reserves amid rising reinsurance costs that follow a catastrophe loss-heavy year in 2018, according to a new AM Best market segment report Last year marked a record for...
by AIP Online Bureau | May 22, 2019 | International News, Life, Non-Life
Lagos: Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the sector’s risk management. Existing companies must comply by June next year, while it is effective...
by AIP Online Bureau | May 22, 2019 | Indian News, Intermediaries, Non-Life
Rolling Meadows: Arthur J. Gallagher & Co, the fourth largest international insurance broker, has purchased a minority stake in Edelweiss Insurance Brokers Limited (EIBL), a wholly owned subsidiary of Edelweiss Group, a diversified...
