Russia-Ukraine Crisis Raises Political Risk Insurance Profile
A survey of companies with extensive international operations indicates nearly three-quarters had experienced a political risk loss in 2022, a dramatic rise from 35% in 2020. Sandra Smith Thayer, a pa
Employee Benefits Set to Increase in Thailand
The National Legislative Assembly (NLA) has passed a bill allowing private employees and contracted workers at state agencies to glean more benefits from a compulsory compensation fund in th
Assistant Bank Manager Commits Fraud Against Expats in Thailand
A group of foreigners and their Thai wives in Chonburi, Pattaya have filed a complaint against an assistant branch manager of a commercial bank on fraud charges after he had allegedly taken money
Stolen Gemstones Recovered at Thai Airport
The owner of a jewellery trading company on Thursday offered a 500,000- baht reward for information leading to the recovery of gems worth more than 10 million baht stolen on Wednesday
Product Recall Losses in the Food Processing Industry
Expensive product recall events, where whole food processing plants were closed for a considerable time, have highlighted the catastrophic loss potential in the product recall/contamination space. It
British National Needs Emergency Repatriation after an Accident in Thailand
A British Expat who plunged from a balcony in Thailand has had metal rods inserted in her spine as she battles to recover in hospital. The 21 year old has undergone major surgery afte
Australian Owned Gold Mine in Thailand Undergoes Tests for Heavy Metal Poisoning
Standing in the house where she has lived since she was born 45 years ago, a local resident never thought heavy metal poisoning would inhibit her lifestyle, she points to the temple where her grandpar
COVID in Thailand Downgrades from Level 4 to Level 3
As the overall Covid-19 situation in the country has significantly improved, the Ministry of Public Health on Monday resolved to lower its Covid-19 alert level from Level 4 to Level 3, allowing most m
As Strikes and Riots Increase, Insurers Respond With Exclusions
The above headline was recently featured in insurance news reports from Chubb insurance and Insurance Journal and comes as no great surprise. Traditionally, claims arising from civil unrest (not terro
