The Insurance Capital Standard, capital rules for global insurers, will be postponed by around a year as global insurance regulators examine feedback from the latest round of consultation with the industry, Swissinfo.ch... Read more »
Canada-based Foothills Foundation, a nonprofit housing management firm, has sued 10 insurers for $20 million Canadian ($16. Read more »
Insurance Australia Group Ltd. has appointed Elizabeth Bryan as the insurer's deputy chairman, reports The Sydney Morning Herald. Read more »
Swiss Re Ltd.'s latest Sigma study has found that insurance premium volume in Latin America recorded a 4.1% growth in 2014, down from 5.7% in 2013, BNamericas reported. Read more »
Data from Serbia's central bank has shown that insurance premiums collected by 21 insurers increased 27.15% in nominal terms to 19.99 billion Serbian dinars ($185.6 million) in the first quarter of 2015,... Read more »
The Jordan Insurance Federation has asked the government to accelerate the adoption of the new insurance act, reports Asia Insurance Review citing an Arabic daily newspaper, The Constitution. Read more »
The Nigerian insurance sector paid claims worth about 403 billion Nigerian nairas ($2.02 billion) between 2009 and the first quarter of 2015, THISDAY Live reported. Read more »
RiskCover, insurer of Australia's Western Australia state government, said that it has made insurance payouts worth around $58 million Australian ($44.4 million) related to the 2011 Margaret River bushfire, reported The West... Read more »
China has set up a national compensation fund for oil spills caused by ships, reported The Maritime Executive. Read more »
Aiyaz Sayed-Khaiyum, Fiji's Attorney-General, said that natural disasters have cost the country around $1.3 billion Fijian ($622.8 million) in the past two decades, reports The Fiji Times Online. Read more »