All Claims Management articles – Page 34
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Catastrophe Risk
Subsidence losses set to rise as a result of global warming
Subsidence is a creeping catastrophe.
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Catastrophe Risk
Disasters bulletin: 19 November 2007 – 7 March 2008
By Professor Bill McGuire of Benfield – UCL Hazard Research Centre
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New law cracks down on corporate killing
The Corporate Manslaughter Act comes into force on 6 April 2008
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RMS launches commercial fire model
The RMS Account Fire Model is aimed at primary commercial and specialty insurers and reinsurers
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Aon lambasts P&I Pool rate increases
Shipowners' rates increase by 15.55%, Aon calls for transparency in P&I insurance
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Analysis
The lawyers are coming!
European competition authorities are cracking down hard on companies that try to compete unfairly. A dangerous new trend for businesses is the move towards more private actions for damages
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Property owners need to manage asbestos risk: NU
Norwich Union joins HSE in warning tradesmen of the dangers of asbestos
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Reebok fined for importing toxic bracelets
Agrees to pay $1m civil penalty after a product recall
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Flood tops insurance risk league table
Flooding is the biggest ‘act of nature’ risk to the UK, says research
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Hewitt, Enron reach $11.2m settlement
More than $11m will be restored to the settlement fund for former Enron employees who lost their pensions when the company collapsed
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UK companies suffer most from climate change
British companies (51%) were the most likely to view extreme climatic factors as a threat to their businesses, says a study
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SocGen shareholders file lawsuit in US
The complaint alleges the bank misled investors about its exposures to the subprime mortgage market and failed to act on information about rogue trades
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CMI predicts how the world will work in 2018
Chief executives are warned to prepare for cyber attacks and a US withdrawal from the world economy
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Analysis
Beyond subprime
The impact of the US subprime mortgage crisis has been broad and it goes well beyond the financial services sector
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Windstorm Johanna batters England
Reports of power outages, downed trees and scattered damage in England
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Equities markets increase risks for D&O, warns insurer
Large multi-national firms are risking the threat of increased claims including class actions, says Zurich
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RMS comments on British quake
Had quake occurred closer to nearby towns losses would have been far worse, says RMS
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RMS issues report on US tornadoes
Hundreds of properties have been destroyed as a result of the severe weather and the death toll stands at over 50
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Alliance applauds construction site spot checks
Risk broker reacts to news that HSE will make a series of construction site spot checks