And across Europe, "more than 1,300 excess deaths have been...
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Iran seeks “insurance mechanism” to reduce risks for ships transiting through Hormuz
"Yes, we want to maintain the security of the Strait of Hormuz. We...
TotalEnergies must address climate risks linked to its products, French court rules
``The law does not mean to render companies responsible for those...
Howden Re makes 3 sr appointments for China market
This is the latest in a series of senior hires reinforcing Howden Re’s commitment to Hong Kong and China as a strategic focus for Howden Re as it continues to build specialist capabilities across the Asia-Pacific region. London: Howden Re, the global reinsurance,...
Tesla faces lawsuit after car using driver-assistance software crashes into home, killing woman
The electric-vehicle maker’s automated technology failed to detect the end of the roadway and stop before slamming into a brick house, according to the lawsuit filed Tuesday in Texas state court. The complaint also includes a claim of deceptive marketing against the...
Allianz warns of significant marine claims from Iran conflict
“Clearly, loss of life and property damage – in terms of both vessels and their cargo – are the main causes to date,” said Regis Broudin, global head of marine claims at Allianz Commercial. The insurance industry is set to face significant claims for ships that were...
Warming Pacific fuels fears of powerful El Niño event
El Niño is a naturally occurring climate phenomenon that can cause drenching rains in one part of the world and drought in another. Scientists identify it by looking at deviations in temperature levels in the Pacific Ocean, most commonly in a region known as Niño 3.4....
Beyond Brexit: Britain’s financial sector charts a new course
“I did believe the City would have another life after Brexit, but I didn’t know it would be so quick and so strong,” said Soren Jessen, whose 1 Lombard Street restaurant faces the Bank of England. Sales are better than ever, he said. London:In the buildup to 2016’s...
Hormuz tanker transits recover after security jitters
There could be more ships plying the strait with their transponders switched off, plus outages reported with AIS ship tracking data, shipping sources said. AIS is the tracking system which traders follow to get information on ship movements. Oil and liquefied natural...
Hormuz transit security is ‘Hour to Hour’ play, Chubb CEO says
“Mines are the greatest uncertainty” in the strait, Greenberg said, as US and Iranian negotiators held talks in Switzerland on a permanent ceasefire and to lock in free passage through the waterway.We’re talking more about a war-zone environment. Only a narrow channel...
Optimism after first talks as US waives Iran sanctions and Lebanon fighting abates
Iran and the US have set up a communication line to “avoid incidents and miscommunication” related to maritime traffic through the Strait of Hormuz, where shipping volumes have picked up in recent days, even if they’re still far off pre-war levels. BUERGENSTOCK,...
Iran declares Hormuz closure over Lebanon fighting, US says waterway remains open
U.S. President Donald Trump, in response, threatened to impose American tolls in the crucial waterway if a final deal with Iran isn’t reached in 60 days, saying the money would be for “services rendered as the Guardian Angel to the countries of the Middle East.” TYRE,...
Lloyd’s:A new marine war risk consortium launched to support Strait of Hormuz shipping
The new marine war risk consortium will issue primary policies for vessels and cargo. It will provide up to $200 million of capacity separately for hull and P&I risks, with an additional $200 million of dedicated cargo capacity. Chubb will serve as lead...