by AIP Online Bureau | Feb 26, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The Houthi assaults have continued despite waves of airstrikes by the US and the UK The missile attack by Houthi militants on a ship carrying a cargo of fertilizer has led to an “environmental disaster” in the Red Sea, US Central Command said Friday evening. Hours...
by AIP Online Bureau | Feb 20, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Shipping companies must weigh up the increased costs and journey times against the risk to their vessels, and, most importantly, the safety of the crew onboard,” insurance broker Gallagher Speciality Marine said in a report last week CAIRO/LONDON: Yemen’s Houthi...
by AIP Online Bureau | Feb 16, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Many suppliers sign export deals on a cost, insurance and freight basis, making them responsible for any increases in freight and insurance costs New Delhi: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost...
by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...
by AIP Online Bureau | Feb 11, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Similarly, the situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. New...
