by AIP Online Bureau | Jan 17, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Underwriters are adding clauses saying no US, UK or Israeli involvement,” he said. “Just about everybody is putting something like that in, and many include the words ‘ownership’ or ‘interest’” War risk rates have gone into a frenzy in recent days following the US...
by AIP Online Bureau | Jan 15, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
Exporters said 95% of vessels had rerouted around the Cape of Good Hope on the southern tip of Africa, adding 4,000 to 6,000 nautical miles and 14-20 days to journeys from India since Houthi militants began attacking shipping in November. The cost of a 24-foot...
by AIP Online Bureau | Jan 12, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management
In fact, 40% of Asia-Europe trade normally goes through the area, including a huge amount of energy supplies like oil and diesel fuel for import-dependent Europe, said John Stawpert, senior manager of environment and trade for the International Chamber of Shipping,...
by AIP Online Bureau | Dec 21, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
New Delhi may consider an alternate route along Africa for shipments of basmati rice if attacks by Yemen’s Houthi group persist, which could lift prices by about 15% to 20%, the source added New Delhi: India’s exports face a shortfall of about $4 billion...
