India: Pharmaceutical firms seek larger product-liability cover after regulatory action

Pharmaceutical companies in India are seeking larger product-liability insurance cover as they face an increase in compliance costs due to regulatory action by the U.S. Food and Drug Administration, reported Business Standard. Read more »

Bad reinsurance market may carry into 2015, executives say

Reinsurers will have a tough time trying to halt a decline in reinsurance prices when they meet their customers and brokers in Monte Carlo to start negotiating property/casualty policies for 2015, reports... Read more »

Malaysia set to become major takaful operator: Ernst & Young

Ernst & Young L.L.P. has said that Malaysia has the potential to become a major takaful hub, reports The Malay Mail Online. Read more »

Ireland: Cyber risk insurance gaining traction

Cyber risk insurance is increasingly gaining importance in Ireland after several hacking attacks that have occurred worldwide recently, the Irish Independent reported. Read more »

Japan: Steel plant blast injures 15

An explosion has occurred at a Nippon Steel and Sumitomo Metal Corp. facility in Tokai, Japan, injuring at least 15 people, GlobalPost reported. Read more »

Pakistan: Insurance market ready for increase in takaful, says official

Pakistan’s insurance industry is ready for a boost in competition after the country’s Securities and Exchange Commission recently permitted conventional insurers to offer takaful, reported Reuters. Read more »

Pirates hit petroleum products tanker near Ivory Coast

A maritime agency and a private security advisor have said that pirates attacked and robbed a tanker containing petroleum products near Ivory Coast's port of Abidjan, reported Reuters. Read more »

Egypt: Positive outlook for insurance market, minister says

Ashraf Salman, Egypt’s investment minister, has expressed optimism about the country's insurance market, saying it has grown over the last three years even as economic activity declined, reported Asia Insurance Review. Read more »

Researchers project health care spending to accelerate

Health care expenditures rose modestly in 2013, but cost increases could begin to accelerate this year and continue as the economy improves and key provisions of the health care reform law take... Read more »

Law firms Hinshaw & Culbertson and Barger & Wolen merge

Chicago-based law firm Hinshaw & Culbertson L.L.P. and Los Angeles-based law firm Barger & Wolen L.L.P. are merging. Read more »
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