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Powerful quake in Russia’s far east causes tsunami, Japan and Hawaii order evacuations

by AIP Online Bureau | Jul 30, 2025 | Disaster & Management, Eco/Invest/Demography, International News

The shallow earthquake damaged buildings and injured several people in the remote Russian region, while much of Japan’s eastern seaboard – devastated by a 9.0 magnitude earthquake and tsunami in 2011 – was ordered to evacuate. Workers evacuated the...
Shippers ask to end contracts with Russian-backed refiner Nayara, sources say

Shippers ask to end contracts with Russian-backed refiner Nayara, sources say

by AIP Online Bureau | Jul 30, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

India-based Seven Islands Shipping Ltd and Great Eastern Shipping Co have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters NEW DELHI: The owners of three vessels...
Russian plane with nearly 50 aboard crash, 48 killed

Russian plane with nearly 50 aboard crash, 48 killed

by AIP Online Bureau | Jul 24, 2025 | International News

The plane, whose tail number showed it was built in 1976, was operated by a Siberia-based airline called Angara MOSCOW: Forty-eight people have died in a plane crash in Russia’s Far East, the head of the country’s Amur region said in a statement Thursday....
What’s in the EU’s 18th sanctions package against Russia?

What’s in the EU’s 18th sanctions package against Russia?

by AIP Online Bureau | Jul 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Risk Management

Central to the package is a lower price cap on Russian oil – a move designed to shrink Moscow’s energy revenues without disrupting global markets by severing Russian supply entirely. Here are the details of the European Union’s 18th package of sanctions against Russia...
(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch

(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch

by AIP Online Bureau | Jul 1, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

However, ongoing geopolitical uncertainty, including the Iran-Israel conflict, could lead to increased reinsurance costs and further reductions in capacity that could result in insurers further cutting their exposure. The ruling underscores the need for greater...
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