The German Insurance Association has said that windstorm Niklas that recently hit the country is likely to cost insurers about €750 million ($810.5 million), Reuters reported. Read more »
The Insurance Council of Australia has declared storms in the country's New South Wales state a catastrophe, The Advertiser reported. Read more »
The Insurance Federation of Egypt has proposed the creation of a consortium of insurers in the country to cover large projects, reported Asia Insurance Review citing Al Mal News. Read more »
A.M. Best Co. Inc. Read more »
The International Maritime Bureau said in a recent report that Southeast Asia accounted for over half of all sea pirate attacks since the start of 2015, Voice of America reported. Read more »
BSI Supply Chain Solutions said in a report that more than $23 billion has been lost to cargo theft globally in 2014 from a variety of supply chain threats, Apparel Magazine reported. Read more »
The New Zealand government has selected a panel of five insurance brokers to help implement and manage a new program aimed at consolidating insurance contracts across different agencies, reported Interest.co.nz. Read more »
Sixteen people have been confirmed dead as a result of a coal mine flooding in China's Shanxi province, reports Xinhua citing the rescue headquarters. Read more »
Recent social and environmental conditions in Nigeria have underlined the need for the country's insurers to underwrite emerging risks, THISDAY Live reported. Read more »
Germany-based Allianz S.E.'s total revenues in Latin America decreased 8.96% year on year to €2.44 billion ($2.62 billion) in 2014, BNamericas reported. Read more »