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Consolidation in the airline industry and pushed-back renewal dates has created a concentration of renewal activity, but at reduced premiums, in the final six weeks of 2013.
Allianz said it expected operating profit of slightly more than $13 billion in 2013, edging over the top of its own target range and in line with analysts' expectations.
Two insurance companies that guaranteed payments on Detroit's voter-approved general obligation bonds sued the city in U.S. Bankruptcy Court on Friday over its Oct. 1 default on $9.37 million in payments due to bondholders.
Two insurance companies that guaranteed payments on Detroit's voter-approved general obligation bonds sued the city in U.S. Bankruptcy Court on Friday over its Oct. 1 default on $9.37 million in payments due to bondholders.
The microinsurance sector in Asia and Oceania has reached 271 million lives and properties covered, says Munich Re, representing a 40% annual growth rate between 2010 and 2012.
The traditional "rear view mirror" approach to political risk management must be reconsidered as social media speeds up the spread of regional unrest.
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