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Insurers reviewing Black Sea ship cover after Russia suspension

Insurers reviewing Black Sea ship cover after Russia suspension

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
IRDAI asks insurers to quickly settle claims out of North In dia floods

IRDAI asks insurers to quickly settle claims out of North In dia floods

by AIP Online Bureau | Jul 17, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Insurers are advised to respond/assist the claimants through their 24×7 helplines,special claims desks at district level with delegated claims settlement teams for speedyprocessing and settlement of claims including on account payments at the earliest andalso...

Britain to tap pensions for infrastructure as Thames Water toils

by AIP Online Bureau | Jul 9, 2023 | Eco/Invest/Demography, International News, Life, Non-Life, Pension & Social Security, Policy

Britain’s financial services were largely cut off from the EU due to Brexit, with Amsterdam overtaking London as the region’s biggest share trading centre. UK chip designer ARM’s decision to list in New York and not London has also piled pressure on...

French insurers receive $305 million riot claims

by AIP Online Bureau | Jul 5, 2023 | International News, Non-Life, Reinsurance

French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores...
EV batteries remain major challenge for insurers – UK’s Thatcham

EV batteries remain major challenge for insurers – UK’s Thatcham

by AIP Online Bureau | Jul 5, 2023 | International News, Non-Life, Reinsurance

Batteries can make up half of an EV’s cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical LONDON: A lack of data on electric vehicle (EV) batteries continues to...
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