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BOC Aviation takes insurers to court over claim for jets in Russia

by AIP Online Bureau | Nov 15, 2022 | International News, Non-Life, Reinsurance

The insurers named in the proceedings, which the filing shows were issued on Nov.3, include Lloyd’s of London Ltd., AIG Inc., Chubb Ltd. and Swiss Re AG. Leasing firms have begun pursuing claims over huge losses since losing control of more than 400 leased planes...

Ukraine grain export deal back on track as Russia resumes participation

by AIP Online Bureau | Nov 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The grain deal, originally reached three months ago, had dispelled a global food crisis by lifting a de facto Russian blockade on Ukraine, one of the world’s biggest suppliers. The prospect that it could fall apart this week had revived fears of global hunger and...
Russian hackers account for most 2021 ransomware schemes, U.S. says

Russian hackers account for most 2021 ransomware schemes, U.S. says

by AIP Online Bureau | Nov 2, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

In analysis issued in response to the increase in number and severity of ransomware attacks against critical infrastructure in the United States since late 2020, the U.S. Financial Crimes Enforcement Network (FinCEN) said it had received 1,489 ransomware-related...

Insurance for Ukraine grains shipments cut after Russia suspension -sources

by AIP Online Bureau | Nov 2, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Ships entering the three ports, which have been part of the agreement, are usually required by their banks to have various insurance policies in place including hull and cargo war cover, which is renewed every seven days London: Insurers are no longer offering new...

The world’s food security is at stake as Russia exits Ukraine grain deal

by AIP Online Bureau | Oct 31, 2022 | Eco/Invest/Demography, International News

“Grain prices could potentially rise between 5% and 10% in coming days as markets “absorb the bad news,” said David Laborde of the International Food Policy Research Institute in Washington Along with a reduction of exports, the early termination of the Black Sea deal...
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