Zurich American Insurance Co. (ZAIC) is going to court to determine whether or not they are liable in underwriting or defending Sony Corporation against the subsequent lawsuits and investigations related to the devastating hacker attack and data breach that afflicted the media and electronics conglomerate earlier this year. The outcome of this legal dispute could be a harbinger for further claims as…

New figures released this week by the Vietnamese government shows that, despite an economic slowdown, the Southeast Asian country's insurance market grew by 20 percent cumulatively in the first half of the year. The Vietnamese Ministry of Finance's Insurance Supervisory Authority reported that total insurance premiums in the first half of 2011 reached VND17.4 trillion (US$826.8 million). Non-life…

Over the past few weeks, the various worldwide credit analysis and ratings agencies have weighed into the current political gridlock taking place in Washington D.C. and are now forecasting the effect a possible U.S. default could have on the international insurance industry. The creditworthiness of the United States, which has always enjoyed a top AAA rating internationally, is now being threatened…

The March 11, 2011 earthquake that struck off the coast of northeast Japan, and the devastation resulting from the subsequent tsunami and nuclear fallout threat that followed, have had a significant impact on the previously under-utilized local catastrophe insurance market. The catastrophic event is now reported…

Although the health insurance sector in India has experienced rapid growth in the past decade, the complexities currently involved in policing the industry has prevented the overall benefits of this positive development from permeating down to the common Indian citizen. The Health Insurance Advisory Group from the Federation…

New data released this week by the China Insurance Regulatory Commission (CIRC) confirms what many industry analysts have already noted; that the Chinese market is fast becoming one of the most lucrative in the world and will continue to present distinct business opportunities. According to the latest CIRC figures, the total premium income reported by Chinese insurance companies' surpassed CNY 805.66…

In what could be the first fraud conviction of its kind in the UK, a Welsh man who made a false insurance claim has been found guilty of contempt and jailed for nine months after photos of him holidaying around Europe with his wife were found on social media website Facebook. Graham Loveday, a former truck driver, claimed to be seriously disabled after being injured in an automobile accident in 2006.…

India's emergent healthcare industry, which features an abundance of specialist medical facilities, an extensive network of healthcare providers and increasing demand for services, is fast becoming an attractive…

The United Arab Emirates is working hard to revise many of its regulatory policies to better conform to GCC laws, applicable through its membership in the Gulf Union. This restructuring effort could involve the adjustment and merger of some of the nation's legislative and regulatory institutions, most notably the dissolution of the UAE Insurance Authority. The insurance sector has continued to develop…