14 Oct 2004 08:05 AM

Merck, the maker of Vioxx withdrawn recently as the one that may cause cardiovascular problems, says it had no idea about the threat until the survey. "Any claim that Merck didn’t react responsibly is in direct conflict with the facts," said Peter Kim, president of Merck Research Laboratories. Really

13 Oct 2004 07:29 AM

The Terrorism Risk Insurance Act is said not to be extended by the Congress before adjourning. The act expires at the end of the next year. The House of Representatives was poised to vote on TRIA on Friday. Some members objected to vote on the extension, people familiar to the matter said.

12 Oct 2004 06:50 AM

Royal & SunAlliance, second-biggest general insurance company in Britain, announced on Monday it will transfer as much as 1,100 jobs to India to raise the number of employees in the country to 1,200 within a couple of years.

07 Oct 2004 04:14 AM

Flu shots in the U.S. will be limited ahead of the flu-hot season as British regulators shut down a plant operated by one of the two major suppliers. That will definitely cause vaccines market decline this quarter.

04 Oct 2004 10:50 AM

American International Group Inc. (AIG) says it may face the civil action from the Securities and Exchange Commission as the company is charge for issuing "false and misleading" statements to investors. SEC says it will use three press releases (January 30, 2002, and September 21 and September 29, 2004). AIG

04 Oct 2004 07:50 AM

Homeowners may pay up to 5% deductibles after three devastating hurricanes that hit the U.S. some weeks ago. The hurricanes Charley, Frances and Jeanne caused damage of tens of billion dollars. Homeowners now may

30 Sep 2004 09:11 AM

At least 14 people were killed in Japan after devastating storm with the winds of about 67 mph (108km/h) hit the country.

28 Sep 2004 10:17 AM

The reinsurance group Converium said on Monday it had an option to continue business as an independent company.

28 Sep 2004 08:19 AM

Florida finally got rid of the fourth hurricane over the season Jeanne and now starts recovering process and tries to estimate losses.

27 Sep 2004 09:52 AM

Tropical Storm Jeanne that hit Haiti with 2,000 of people died on Monday stroke the north of Florida, causing the fourth in six week damage to the U.S. Jeanne

24 Sep 2004 08:22 AM

A Category 2 hurricane Jeanne, which devastatively hit Haiti, now is moving towards Florida and may strike south-eastern coast of the U.S. in two days. Jeanne may strengthen its winds in a couple of days and strike Florida with the winds of around 100 miles per hour. “

23 Sep 2004 11:11 AM

Aoba Life Insurance, a Japanese life insurance company, can be bought by a Japanese unit of Prudential Financial Prudential Life Insurance for Y20 billion ($182 million).

23 Sep 2004 09:29 AM

The World Economic Outlook of the International Monetary Fund predicts a “sharp fall” in house prices in the next 18 months.

21 Sep 2004 10:46 AM

American International Group Inc. (AIG), the world’s biggest insurance group, said in a statement it may face a legal action from SEC on violation securities laws.

20 Sep 2004 10:04 AM

U.S. insurers and reinsurers now assess losses from the Hurricane Ivan. Its damage can lead to reinsurance rate boost, specialists say.