Insurance regulators postpone global capital rules

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, Read more »

Ten insurers sued over 2013 Alberta floods

Canada-based Foothills Foundation, a nonprofit housing management firm, has sued 10 insurers for $20 million Canadian ($16. Read more »

IAG names Elizabeth Bryan as deputy chairman

Insurance Australia Group Ltd. has appointed Elizabeth Bryan as the insurer's deputy chairman, reports The Sydney Morning Herald. Read more »

Insurance premium volume in Latin America up 4.1% in 2014: Study

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 »

Serbian insurers’ premium volume up 27.15% in Q1

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 »

Jordanian government urged to speed up adoption of insurance act

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 »

Insurance sector pays $2.02 billion in claims between 2009 and 2015 in Nigeria

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 »

Insurance payouts for 2011 Margaret River bushfire hit $44.4 million

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 establishes oil spill compensation fund

China has set up a national compensation fund for oil spills caused by ships, reported The Maritime Executive. Read more »

Natural disasters cost Fiji $622.8 million in last two decades: Attorney-General

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 »
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