by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, International News, Policy
The bloc is proposing to ban European vessels and companies from providing services — including insurance — linked to the transportation of Russian oil and products globally as part of its new sanctions package, according to officials and a draft document seen by...
by AIP Online Bureau | Apr 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
by AIP Online Bureau | Feb 21, 2022 | International News, Non-Life, Reinsurance, Risk Management
There was a record 40 cargo-related fire incidents alone in 2019 or one every 10 days. Across all vessel types, the number of fires/explosions resulting in total losses hit a four-year high of 10 at the end of 2020– accounting for around one in five total losses...
