The US Central Command acknowledged the strike on the vessel saying...
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Dark fleet expands amid Hormuz tensions
The increase in Gulf producers’ ships going dark to sneak through...
US-Iran strikes threaten peace talks
President Donald Trump said he retaliated against the Islamic...
Gallagher teams up with Vanguard Tech to support clients with maritime risk and security insight
Gallagher can now provide clients with a tool which helps to estimate risk and an in-depth, automated assessment on vessel safety at the outset and throughout its passage, meaning the likelihood of an incident is vastly reduced and insurers receive an added level of...
Boeing, Honeywell sued by Air India crash victim families
The lawsuit filed on Tuesday in Delaware Superior Court blames Boeing and Honeywell , which made the switches, for the crash seconds after Flight 171 took off for London from the Indian city of Ahmedabad. The families of four passengers killed in the June 12 crash of...
Insurers lose bid to appeal London judgment over jets lost in Russia
The decision marks another milestone in one of the largest lawsuits to be heard in London, which has become a bellwether for similar cases fought in other jurisdictions, such as the United States, and triggered a battle in London between all risks and war risks...
US calls on G7, EU to impose tariffs on China, India over Russian oil purchases
A U.S. Treasury spokesperson called on G7 and European Union allies to impose "meaningful tariffs" on goods from China and India to pressure them to halt their purchases of Russian oil WASHINGTON: Group of Seven nations' finance ministers discussed in a call on Friday...
“Initial payouts not sufficient,” claims Mike Andrews, US lawyer for Air India 171 crash victims
Asked about initial payments being offered by Air India to the families, Andrews dismissed them as insufficient. "No, that payment is not going to be sufficient over the rest of their lives," Mike Andrews, a lawyer based in Montgomery, Alabama said The lead US...
Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the Philippines are attracting insurer capacity, especially for projects backed by international funding and reputable contractors. SINGAPORE: After years of navigating tough market conditions, power companies are...
Adani stops accepting sanctioned vessels at its ports, sources say
"To safeguard the legal and commercial interests of the Port, we hereby emphasize that sanctioned vessels are not accepted," Adani said in the orders seen by Reuters. NEW DELHI: India's Adani group has stopped accepting vessels that are sanctioned by the European...
Insurance Surety Bonds for NHAI contracts crosses Rs 10,000 cr landmark
Girija Subramanian, CMD, New India Assurance Till July 2025, 12 insurance companies have issued around 1,600 ISBs as ‘Bid Security’ and 207 ISBs as ‘Performance Security’ valued at around Rs 10,369 crores for NHAI contracts While the Indian general insurance industry...
JBA Risk Management launches new India Crop Model
The new model, which includes more enhanced market data, crops, seasons and districts, provides invaluable insight for the risk management and insurance pricing of India’s two primary crop insurance schemes, the yield and parametric based Pradhan Mantri Fasal Bima...
Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The rapid expansion of the P&C market is not only about scale, but also about greater capability and resilience. Insurers have become more efficient at pricing, managing and transforming risk,...