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Europe’s largest nuclear power plant in Ukraine on fire after shelling

by AIP Online Bureau | Mar 4, 2022 | International News

The plant’s reactor is a different type than the one used at Chernobyl, and there should be little risk if the containment vessel is not damaged and outside power can be restored, said Jon B. Wolfsthal, a former senior director for arms control and nonproliferation at...
Ukraine crisis: Apr 1 renewals may be costlier for Indian general insurers

Ukraine crisis: Apr 1 renewals may be costlier for Indian general insurers

by AIP Online Bureau | Mar 3, 2022 | Indian News, Non-Life, Reinsurance

International reinsurers, post Russian invasion of Ukraine, have already intimated the Indian general insurers about possible impacts in terms of higher pricing and tighter terms and conditions in coming days for Indian business Indian insurers advise India Inc to go...

UK ship insurer withdraws cover for two Russian container ships

by AIP Online Bureau | Mar 3, 2022 | International News, Non-Life, Policy, Reinsurance

The world’s biggest container shipping lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow in a further blow to trade with the country British ship insurer West of England has withdrawn cover for two...

UK shuts out Russian companies from aviation insurance market

by AIP Online Bureau | Mar 3, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The move will leave Russian commercial airlines scrabbling to get cover elsewhere. Industry sources say this could include from Chinese reinsurers, while other western insurers are likely to hold back from the business, fearful of other countries imposing similar...

Cyberattacks could start war, Russian space agency warns after hacking attempt

by AIP Online Bureau | Mar 3, 2022 | Eco/Invest/Demography, International News, Policy, Technology

Russia will treat any hacking of its satellites as a justification for war, the head of the country’s space agency was quoted as saying in a news report on Wednesday Roscosmos head Dmitry Rogozin denied media reports that Russian satellite control centres have...
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