by AIP Online Bureau | Aug 12, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Workplace/Employee Benefits
Built in 2001, it is part of the so-called shadow fleet of older oil tankers used by Russia which lack Western insurance cover and sail under the flags of various nations to obscure their true ownership. Leaking crude oil from a tanker grounded off a nature reserve in...
by AIP Online Bureau | Mar 4, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
President Donald Trump Shipping companies and insurers have begun reassessing their exposure to the region. War-risk premiums have jumped and some providers have scaled back or withdrawn coverage, industry.Higher insurance costs have made it more expensive for tankers...
by AIP Online Bureau | Mar 12, 2025 | Climate, Environment, Renewable Energy, International News, Risk Management
Total insured losses out of the collision are estimated to range between $100 million and $300 million for all coverages, Canada-based global credit ratings agency Morningstar DBRS . Focus is now shifting to the environmental impact of the blaze. While the incident is...
by AIP Online Bureau | Aug 28, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Insurance industry sources said on Wednesday additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.75% of the vessel from 0.4% before the attack, although they were higher at 1% in February according to industry assessements of...
by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Risk Management
Russia has shipped about 3.4 million barrels a day of crude so far this year, valued at about $37 billion at the point of export, and working around western sanctions has been part of that The first Russian oil tanker attempting to deliver crude while under US...
