All Online only articles – Page 16
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More CROs in the future predicts broker
Risk management will have a clearer strategic focus, forecasts Aon
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Decentralise your global programme
Placing too much emphasis on broad coverage in a master policy could mean breaking the law, insurance managers told
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UK GDP drops less than expected
GDP drops 0.6% in second quarter better than 0.7% expected
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Don’t ignore environmental risk says Aon
Broker survey reveals European risk managers lulled into false sense of security over environmental risk
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Jordanian arrested over plot to bomb Dallas skyscraper
Terrorist plot foiled by undercover FBI operation
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AIRMIC completes speed-of-settlement agreement
Voluntary agreement expected to become common practice on all property and BI claims
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UK D&O premiums set to reach US highs
Financial firms see 15 % increases in D&O renewals
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Flooding displaces 400,000 in Philippines
Tropical cyclone Ketsana brings severe flooding to Manila
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Pandemic vaccine donated to developing world
Developed countries pledge to distribute 10 percent of their stock
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Ferma president sets out his manifesto
Peter Den Dekker is focused on delivering an agreement with brokers over contingent commissions and influencing the impact of Solvency II on the market
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IRM speaker struck down with flu
Conference continues with 300 delegates in Coventry. Award winners announced.
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Three arrested in terror investigation
Two men from Colorado and one from New York have been detained on terror charges
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SEC launches new unit to police market risk
University of Texas School of Law Professor Henry Hu will head up the Division of Risk, Strategy and Financial Innovation
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French banks oppose G20 capital plans
Bigger capital buffers would put European banks at a disadvantage, they say
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Brokers fail to combat bribery risk
Despite Aon’s massive fine commercial insurance brokers are still not tackling bribery, according to a regulatory inquiry
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UK unemployment reaches 2.47m
The unemployment rate reached 7.9% and is expected to continue to climb to 10%
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Indonesia
Non-admitted insurance: Prohibited. A person found responsible for transacting non-admitted insurance may be subject to a fine and imprisonment.Regulator: The Ministry of Finance.Overview: In Indonesia, a buyer may be exposed to taxation on any compensation paid by an overseas insurer which is treated as unearned income. Overall risk rating: high
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China
Non-admitted insurance: Prohibited. Insurance can only be placed with a company licensed to conduct business in China.Premium tax paid by insured: None known. But insurers pay a 5% business tax to the government based on net income. There are also local taxes that vary by region/city ranging from 0% to ...