International News

Mexico Resorts, Homes Destroyed by Hurricane Odile: AIR

The remnants of Hurricane Odile are dissipating over the southwestern U.S., near the Arizona-New Mexico border, with no discernible surface circulation, according to  catastrophe modeling firm AIR Worldwide, as of early Friday morning. The storm is currently producing light to …

ACE’s Multinational Claims Division Announces Key Executive Appointments

ACE Group announced key executive appointments in its Multinational Claims operations to support the recent creation of ACE’s Global Accounts Division, which serves large multinational customers around the globe with complex underwriting and servicing needs. Krista Glenn has been promoted …

Modest Improvements in Upping Embassy Safety

The State Department has made only limited progress in its pledge to boost the number of Marine security guards at high-threat U.S. diplomatic posts around the world, the agency’s internal investigator said Thursday. In a report, the department’s inspector general …

80 Dead in Nigeria Building Collapse

The death toll in a building collapse at a televangelist’s church complex in Nigeria has risen to 80, an official said Thursday. Ibrahim Farinloye of the Nigerian Emergency Management Agency announced the toll as search operations continued at T.B. Joshua’s …

Court Rules China Banks Don’t Have to Freeze Assets Linked to Fake Designer Goods

Luxury goods retailers Gucci and Tiffany failed to persuade a U.S. appeals court to require major Chinese banks to freeze the assets of alleged counterfeiters in a pair of cases that have drawn the attention of U.S. and Chinese regulators. …

York International Appoints Davey to Senior Adjusting Role

York International, a subsidiary of York Risk Services Group and a part of York Specialized Loss Adjusting, has appointed Jennifer Davey as senior loss adjuster within its home foreign operation based in London. Davey’s role within York International covers UK …

Insurers Examine Big Data to Identify Risks

Insurance companies are increasingly turning to “big data” from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Insurers and reinsurers hope that real time analysis of data about personal …

700 Presumed Dead in 2 Mediterranean Boat Wrecks

This year is on track to become the deadliest ever for migrants crossing the Mediterranean Sea after two heavily loaded boats were wrecked in the past week, possibly killing 700 people fleeing Africa for Europe – the same number as …

After Los Cabos Landfall Hurricane Odile Weakens

Hurricane Odile, the strongest to hit Baja California Sur in decades, weakened slightly as it battered the Mexican peninsula with high winds and rain. Odile went ashore near the resort city of Cabo San Lucas at about 10:45 p.m. Mexico …

In Search for Profits Reinsurers Consider Dutch Flood Coverage

The world’s biggest reinsurers, pushed by rising competition in existing markets, are preparing to insure against Dutch floods, a peril that centuries of experience have warned most in the Netherlands against. Swiss Re Ltd., the No. 2 reinsurer, is ready …

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