International News

Another SpaceX Rocket Blows Up, Adding Snag to Musk’s Space-Taxi Vision

Entrepreneur Elon Musk’s aim to transport astronauts aboard commercial spacecraft was set back Sunday when one of his unmanned cargo rockets exploded in a fireball minutes after launch. The disintegration of SpaceX’s Falcon 9 rocket – the latest reminder that …

Canada Files Railway, Environmental Charges in 2013 Lac-Megantic Oil Train Crash

The Canadian government on Monday charged the Montreal Maine & Atlantic Canada Railway Ltd, its affiliate and eight people with violating federal railway safety and environmental laws in connection with a 2013 oil train crash that killed 47 people and …

Cyber, Supply Chain Lead UK Survey of Top P/C Insurance Risks

Demand for cyber security coverage from insurance buyers ranks number one among several emerging risks, according to a recent survey undertaken by RKH Specialty, a London-based specialty lines broker. Insurance professionals indicated that for property coverages, supply chain disruption is …

BOE Predicts Driverless Cars Could Transform Insurance as Risk Shifts

Driverless cars developed by companies such as Google Inc. could transform the insurance industry if their accident-avoidance technology sparks a shift in risk transfer, according to one of the Bank of England’s first blog posts. “As human drivers become replaced …

What Happens to Stolen Art After a Heist?

Last month, administrators at the Boston Public Library discovered that a $600,000 engraving by Dürer and a $30,000 etching by Rembrandt had gone missing. It set off a media firestorm, the director of the museum resigned, and then … a …

FM Global Publishes Comprehensive Index of Countries’ Building Codes

FM Global, a global commercial and industrial property insurer, announced the publication of the first-ever index of many of the world’s building codes. The 2015 FM Global Country Building Codes Index is a PDF document available at no charge and …

Class Actions Still Top Concerns of Businesses Globally

Class action lawsuits were listed as the top litigation issue by respondents in the U.S., Canada and Australia, according to the latest 2015 Litigation Trends Annual Survey. The UK ranked an overall increase in litigation – including frivolous lawsuits – …

New Swiss Re Report Highlights Future Emerging Risks

A new report from Swiss Re highlights new and emerging risks the reinsurance industry expects to face over the next years. The publication is based on the SONAR process, a crowdsourcing tool to identify and evaluate new threats. The report …

Malaysia Climber ‘Lucky to Live’ as Earthquake Kills 13

Rescuers on Malaysia’s highest peak on Sunday searched for six climbers after recovering 13 dead from a strong earthquake that had trapped scores of trekkers. One survivor said she waited for a rescue helicopter that never came. A magnitude-5.9 earthquake …

Deadly Mexico Tornado Kills 13, Destroys More Than 200 Homes

Jose Francisco Contreras and his wife were driving to the bus he takes to his job at a factory in northern Mexico when the winds picked up and torrential rain began to fall. They tried to turn around and flee, …

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