Fed Chair Jerome Powell "Uncertainty about the economic outlook has...
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Markel launches Clinical Trials product to support clinical trials research globally
“Clinical trials insurance is a regulatory requirement in many...
Chaucer launches affirmative AI liability cover
As AI adoption continues to surge, AI incidents have spurred over...
Allianz sells a majority stake in its Russian operations
The partial sale would result in a 400 million euro ($429.80 million) hit to Allianz’s net profit, the company said. Companies have been scrambling to shed assets in Russia since the invasion, which Russia has called a “special operation.” The insurer Allianz said on...
Defeat device car owners can claim damages – EU court adviser
Defeat devices are mechanisms or software that can change vehicle emissions levels, leading to disputes over whether manufacturers use them to mask the true pollution levels of their vehicles. Volkswagen admitted in 2015 to using software to cheat U.S. emissions tests...
EU accords final nod to new sanctions on Russian oil and Sberbank
Apart from banning seaborne imports into Europe, the new sanctions also include an immediate ban on insuring ships carrying Russian oil elsewhere, an EU official told Reuters, while existing contracts are to be phased out over six months BRUSSELS: The European Union...
Insuring most expensive Mercedes is neither cheap nor easy
Numerous factors go into finalizing the rates and structure of such a policy—things like location, storage, and vehicle type—but in general, insuring a $100 million vehicle costs well over $100,000 to insure annually On May 5, a 1955 Mercedes-Benz 300 SLR Uhlenhaut...
South Korean users file police complaint against Google CEO Sundar Pichai
Sundar Pichai,CEO,Google According to The Korea Times, Citizens United for Consumer Sovereignty (CUCS) has filed a complaint against Pichai, Google Korea CEO Nancy Mable Walker and Google Asia-Pacific President Scott Beaumont at Gangnam Police Station in Seoul for...
Mukesh Ambani regains Asia’s richest man tag, surpasses Gautam Adani
Tesla CEO Elon Musk remains the world's richest person with a net fortune of $227 billion As per the Bloomberg Billionaires Index, Mukesh Ambani's net worth has increased by $9.69 billion in 2022. As per the Forbes real-time billionaires list, Mukesh Ambani has a net...
US P/C insurer capital sufficient to withstand Hurricane Season
Capital strength provides insurers with an ability to withstand losses from large adverse events, including catastrophes. Industry policyholders’ surplus (PHS) increased by 40% over the last three years and now exceeds $1 trillion The June/July mid-year 2022...
Shanghai to end two-month long Covid-19 lockdown on June 1: Report
“Beyond Shanghai, restrictions on inter-regional mobility mean that supply-chain snarls will not disappear overnight,” wrote Bloomberg Economics Chief Asia Economist Chang Shu in a Tuesday note. “A retreat in virus infections allowed Shanghai to begin reopening. But...
Russia plans seizure local units of Western firms trying to exit country
The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there is a threat to local jobs or industry, making it more difficult for western companies to disentangle themselves quickly unless they are prepared to take a big...
Asia-Pac air passenger demand lags rest of the world at 17pc, India is at 70pc
The steps IATA suggested governments take include lifting the mask mandate for air travel and removing quarantine and COVID-19 testing requirements for unvaccinated travellers where there are high levels of population immunity, which is the case in most parts of Asia....