Continuous rains have caused several rivers to overflow India's Assam state, The Indian Express reports. Read more »
The Insurance Council of Australia wants state-run workers compensation plans to be opened up to market competition from general insurers, reported The Sydney Morning Herald. Read more »
Bermuda-based Fidelis Insurance Holdings Ltd. is launching as a hybrid insurer and reinsurer after raising capital worth $1.5 billion, reported Artemis.bm. Read more »
Natural disasters in China affected over 20 million people and claimed 123 lives in May, reports Xinhua. Read more »
Cyril Roux, deputy governor of the Central Bank of Ireland, said that the bank lacked sufficient powers or staff for effective regulation of the insurance industry, reported The Irish Times. Read more »
Algeria's National Insurance Council said that premium volume of the country's insurance sector increased 7.2% year on year to 34 billion Algerian dinars ($347. Read more »
Allianz S.E. has placed India among top 10 nations globally on peril ranking for natural disasters, reported The Financial Express. Read more »
Africa Reinsurance Corp. CEO Corneille Karekezi said in an interview said that the African insurance market lacks skills and capacity, reports Nigeria's BusinessDay. Read more »
South Korea has been hit by the largest outbreak of the Middle East Respiratory Syndrome outside Saudi Arabia, reported CNN. Read more »
Heavy downpours and thunderstorms have hit several regions in Austria, reported Xinhua. Read more »