by AIP Online Bureau | Jun 4, 2022 | International News, Non-Life, Reinsurance
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...
by AIP Online Bureau | Jun 4, 2022 | International News, Non-Life, Reinsurance, Technology
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...
by AIP Online Bureau | Jun 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
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...
by AIP Online Bureau | Jun 3, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
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...
by AIP Online Bureau | Jun 3, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life
As recent research from the Grantham Institute shows, courts are becoming an increasingly popular destination to raise issues. Last year saw the highest number of climate cases filed against private companies, mainly in the energy sector, though agriculture and food...
