Insurance Claims From Asia Seen As Modest
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Losses for the global insurance industry from the devastating earthquake and tsunami waves in Southeast Asia are likely to be sharply below claims from the hurricanes in Florida earlier this year, as the ...
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The euro and Swiss franc both fell  about 1 percent and the Japanese yen shed half a percent in  Asia Monday as the dollar rallied broadly in thin trade.   Holidays in Japan, Australia, New Zealand and London kept  volume low, exaggerating moves, and dealers said there was  nothing particular behind the dollar's rise.  "It seems to be position-squaring across the board in somewhat  thin markets. There is no major news or intervention or  anything like that," said David Simmonds, markets strategist  with the Royal Bank of Scotland.
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Asian countries said on Monday they were in a better position now to deal with the sort of financial meltdown that crippled the region 10 years ago, but warned against complacency.
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With patients often facing grim prognoses, and insurers relatively powerless to negotiate prices or deny coverage, the cost of treatments have little impact on demand.
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LONDON/SINGAPORE  - Three Asian banks' heavy exposure to the limping U.S. home loan sector reinforced global credit jitters on Friday but Germany and Italy saw no signs of new problems.
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BEIJING -- Scanning the headlines in the Chinese press, it's easy to conclude that the global brouhaha over product safety is not about China -- but about America.
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Britainâs biggest insurance company sparked a fresh row today over work being lost to India when it unveiled plans to create almost 1,000 jobs in Asia.
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Millions of homeowners are underinsured, fed largely by a shift in the way property insurance has been sold in recent years.
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MUNICH Swiss Reinsurance, the world&#39;s second-largest reinsurer, said Monday that claims from the earthquake off the Indonesian island of Sumatra that caused tsunamis from Thailand to India would probably be lower than those tied to the hurricanes in the
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Insurers are disappearing from the market.
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Customers in search of a cheap airfare, antiques or a stock trade can scan the Web for good deals. But when it comes time for companies to buy group insurance policies, they&#39;ve largely
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LONDON/SINGAPORE  - Three Asian banks' heavy exposure to the limping U.S. home loan sector reinforced global credit wobbles on Friday but Germany, France and Italy saw no signs of new problems.
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The world's biggest reinsurer said Tuesday that the deadly Indian Ocean tsunamis likely will cost it less than 100 million euros (&#36;136 million), saying its exposure to the extensive damage would be limited by low insurance coverage.
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Insurance salesmen are used to having a reputation for probity and trustworthiness roughly on a par with second-hand car dealers. That&#39;s beginning to look like the good old days, since America&#39;s leading brokers
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Investors were concerned that a slowing U.S. economy could spell trouble for Asiaâs export-dependent economies.
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The subprime mortgage debt crisis will have little impact on the U.S. or Asian economies because that loan market is relatively small and would not create a ripple effect, Moody's Investors Service said on Wednesday.
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Ratings agency believes danger of exposure to U.S. mortgages is limited.