by AIP Online Bureau | Jun 4, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
Smoke was initially seen rising from a deck loaded with EVs, the company said. It is not clear what brand of vehicles the ship was carrying. EV-related fires on ships are challenging to extinguish due to the heat generated and risk of reignition, which could persist...
by AIP Online Bureau | Mar 26, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management
The ship crashed into one of the bridge’s supports, causing the structure to break apart like a toy. It tumbled into the water in a matter of seconds — a shocking spectacle that was captured on video and posted on social media. The vessel caught fire, and thick, black...
by AIP Online Bureau | Mar 4, 2024 | International News, Non-Life, Reinsurance, Risk Management
Insurance industry sources said that war risk premiums being quoted for Red Sea voyages had remained around 1% of the value of a ship for some weeks – compared with around 0.5% before the attacks started – with various discounts applied by underwriters The cost of war...
by AIP Online Bureau | Mar 6, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Speaking on the occasion, Sonowal said, “Today marks the beginning of a new age of inland water transport in Assam. This is going to provide the business community a viable, economic and ecological alternative.” “The start of cargo movement through...
by AIP Online Bureau | Feb 22, 2022 | International News, Non-Life, Reinsurance
Of the roughly $438 million total value of goods aboard the Felicity Ace, which went up in flames off the coast of Portugal’s Azores Islands,Russell Group said Monday it estimates there are $401 million worth of cars. The consultant estimates auto companies other than...
