Health: New Zealand still experiencing ‘significant’ swine flu
New Zealand is still experiencing a significant level of swine flu, health authorities said Wednesday, despite the World Health Organization’s declaration that the global pandemic was over. “While some countries have seen H1N1 virus decline or crowded out by other strains, this is not the case in New Zealand,” the deputy director of public health, Darren Hunt, said. Four people are believed to have died from swine flu in New Zealand this year. Hunt said there had been “significant outbreaks” in some areas of New Zealand,... Lire la suite
Aon: Public/private partnership is the key to availability and affordability of terrorism risk insurance
Aon Corporation, a leading global provider of risk management, insurance and reinsurance brokerage services and human capital solutions, has responded to the President’s Working Group on Financial Markets’ request for comment on the long-term availability and affordability of terrorism risk insurance, reiterating the vital importance of a federal backstop or a viable substitute to protect individual companies as well as the global economy in the face of a catastrophic terrorist attack. The President’s Working Group is part of the... Lire la suite
India: Insurance licence for engineer giant Larsen & Toubro
L&T General Insurance Company Limited, the general insurance arm of the $9.8 billion Larsen & Toubro (L&T) will commence operations soon. The company has received the necessary license from the regulatory authority for commencing its business operations. Y.M. Deosthalee, L&T director & chief financial officer said: “given the size and the opportunity, L&.T considers financial services as an important business in its portfolio. Entry into general insurance is... Lire la suite
Judge declares Spain’s Marsans insolvent
Viajes Marsans, one of Spain’s biggest and oldest tour operators, has been declared insolvent, according to a court ruling seen by AFP on Monday. The judge took the decision on Friday after about 20 companies made complaints over unpaid bills. But the judge ruled that Posibilitum Business, which acquired Marsans earlier this month for 600 million euros (740 million dollars), can continue to run the firm. Marsans’ financial difficulties took a turn for the worse in December when a British court ordered its airline Air Comet to close owing... Lire la suite
USAA named preferred provider for all financial services and insurance products
Nearly 50,000 noncommissioned officers and their eligible family members can now to take advantage of one of the nation’s highest ranked* financial services providers thanks to an agreement between the Non Commissioned Officers Association and USAA. USAA, a leading financial services provider to the military community, is now NCOA’s preferred provider of property and casualty products such as auto, home and renters insurance as well as financial services such as banking, investments and financial planning. “Having USAA as our Association’s... Lire la suite
