International
Verisk Expects Japan’s Earthquake Will Cost Insurers $2B-$4B
The magnitude 7.3 earthquake that struck off the coast of Japan last week is expected to cost insurers $2-$4 billion in property losses, according to Verisk Extreme Event Solutions (formerly AIR ...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms
Russia's move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively ...
Generali Suspends Donnet’s Internal Rival in CEO Race
Insurer Generali said on Wednesday it had suspended Luciano Cirina, its head of Austria and CEE countries, who has been proposed by a leading shareholder for the role of chief executive in a ...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance?
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global ...
EU Proposes Cybersecurity Rules for Institutions Amid Rising Cyber Attack Worries
EU countries should put in place a framework to manage cybersecurity risks at EU institutions, the European Commission said on Tuesday amid concerns about rising cyber attacks that could disrupt key ...
The World’s Cargo Ships Are Sailing Into Worse Climate Risks: Report
Dangerous, expensive disruptions to shipping and many of the world's roughly 3,700 ports are on the rise along with global temperatures. These events will increasingly threaten the sea routes that ...
Parts Makers in Japan Halt Output After Earthquake
Japan's Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country's northeast, ...
Lloyd’s Slaps Record Fine on Atrium Underwriters for Bullying, Harassment
Lloyd's of London has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the largest fine it has imposed for misconduct, the commercial ...