by AIP Online Bureau | Oct 21, 2022 | Eco/Invest/Demography, International News, Non-Life
The rates in Ukraine are currently higher than previously experienced in Iraq and Afghanistan…Principally, it’s a more active war zone rather than an insurgency situation,” said Alexis Fehler, accident and health underwriter at Lloyd’s of...
by AIP Online Bureau | Aug 20, 2022 | Eco/Invest/Demography, Intermediaries, Risk Management
Europe’s biggest atomic-energy station, Zaporizhzhia has in recent weeks been hit by shelling, with Ukraine and Russia blaming each other. Explosions wrecked infrastructure and cables critical for cooling atomic reactions and transmitting power A grid failure could...
by AIP Online Bureau | Aug 7, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“We expect that the security guarantees of our partners from the U.N. and Turkey will continue to work, and food exports from our ports will become stable and predictable for all market participants,” Ukrainian Infrastructure Minister Oleksandr Kubrakov said on...
by AIP Online Bureau | Aug 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Scores of ships are stuck in the ports dotted along the Black Sea and are expected to begin moving out in “caravans” if all goes well However, shipowners will have to secure insurance for cargoes and vessels, and also find enough crew to sail them Ukraine made its...
by AIP Online Bureau | Jun 18, 2022 | Indian News, Non-Life, Reinsurance
The `Pool’, which only covers the Cargo and not the Hull, was initiated at the instance of ministry of finance, is already in place this week after receiving due approvals from the insurance regulator IRDAI Effectively, any claim within Rs 500 crore per shipment of...
