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India gets 30-day US waiver to buy Russian oil amid Iran war

India gets 30-day US waiver to buy Russian oil amid Iran war

by AIP Online Bureau | Mar 6, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy

“President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners...
Maritime insurance premiums surge as Iran conflict widens,in some cases by more than 1,000%

Maritime insurance premiums surge as Iran conflict widens,in some cases by more than 1,000%

by AIP Online Bureau | Mar 6, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Analysts at Jefferies estimated on Thursday that potential industry losses from at least seven vessels reported damaged, at the time its note was published on March 5, could reach up to $1.75 billion. With most tankers valued between $200 million and $300 million, the...
EU countries give final approval to 2040 climate target for 90% emissions cut

EU countries give final approval to 2040 climate target for 90% emissions cut

by AIP Online Bureau | Mar 6, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance

In practice, the target will require an 85% emissions reduction from European industries against 1990 levels. The EU will pay developing countries via carbon credits, so they cut emissions on Europe’s behalf to make up the rest, to reach 90%.As part of the agreement,...
Seafarers can refuse to sail through Mideast Gulf region, main union says

Seafarers can refuse to sail through Mideast Gulf region, main union says

by AIP Online Bureau | Mar 6, 2026 | Eco/Invest/Demography, International News, Risk Management

As part of negotiated arrangements reached on Thursday between mariners and commercial shipping companies, known as the International Bargaining Forum (IBF), seafarers can refuse to sail into the area, with repatriation at the company’s cost and compensation equal to...
Missile fire hinders Middle East rescue flights as airspace edges open

Missile fire hinders Middle East rescue flights as airspace edges open

by AIP Online Bureau | Mar 6, 2026 | Eco/Invest/Demography, Indian News, International News, Non-Life, Reinsurance

While major carrier Emirates said on Friday it was targeting “a return to 100% of its network” in the coming days, EU aviation regulator EASA extended a warning about high risks until March 11. Emirati airlines resumed some flights to global cities from the war-hit...
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