International News

Airlines Struggle to Identify Pilots with Mental Health Conditions

As investigators try to find out why a young German pilot deliberately crashed a passenger jet into the French Alps on Tuesday, pilots and psychologists warn it may be impossible to prevent similar incidents in the future. All 150 people …

Experts Assess Liability, Insurance Issues in Germanwings Crash

Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. “The liability for the victims would be uncapped,” said George Leloudas, a lecturer at Swansea …

Taiwan Faces Greatest Tsunami Risk: Guy Carpenter

A new report finds that southwest Taiwan, specifically, up to 4 meters at the Port of Kaohsiung, Taiwan’s principal port and the sixth largest container port in the world has the greatest tsunami risk. Guy Carpenter & Company, a global …

Study Shows Disaster-Related Economic Losses Unlikely to Drop

Preliminary results of a catastrophe modelling study presented at the Third UN World Conference on Disaster Risk Reduction show little prospect of reducing economic losses from present levels of $240 billion per year. According to Dr. Milan Simic, senior vice …

In Wake of Latest Cyclone, UN Urges Safeguards Against Climate Disasters

The president of the Pacific island nation of Vanuatu appealed to a U.N. disaster conference Saturday for help as a powerful cyclone swept across his archipelago, driving painfully home the rising risks from extreme weather and climate change. “I am …

I.I.I. Celebrates International Pi Day With Insurance Facts

Known as the “Math Geek Mardi Gras”, Pi Day is a growing international event that underscores the wonder of numbers, by celebrating everyone’s favorite irrational number: Pi. And it is a time to recognize that the insurance world is a …

Airlines Report More Deaths, Fewer Accidents in 2014

The number of deaths in jetliner disasters spiked last year despite there being fewer accidents in total, an international airline industry group said Monday. The International Air Transport Association said in its annual safety report that 641 people died in …

UN Reports Nearly $300B Lost Annually Due to Natural Disasters

The global economic losses from natural disasters like earthquakes, floods, droughts and cyclones and have continued rising to reach an average of $250 billion to $300 billion annually, according to a U.N. report released Wednesday. The report, produced by the …

ACE Appoints Scott-Young Claims Director for Continental Europe

ACE Group announced the appointment of Tim Scott-Young as Claims Director for its Continental Europe region in line with its continued focus on superior claims service. Relocating to Paris, Scott-Young will be responsible for delivering effective and customer-focused claims management …

Global Cat Report Finds 2014 Insured Losses Lowest in 5 Years

In 2014, significant insured losses totaled approximately $33 billion, a dramatic drop compared to the historic insured losses seen in 2011, which totaled approximately $126 billion. Guy Carpenter & Company, a global risk and reinsurance specialist and a wholly owned …

International News Archives by Month