Britain unveiled on Wednesday new aviation sanctions giving it the power to detain any Russian aircraft and banning exports of aviation or space-related goods to Russia. Britain will also strengthen its ban on Russian aircraft, making it a criminal offense …
London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia’s invasion of Ukraine intensifies and perils to merchant shipping grow. The insurance industry’s Joint War …
Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain is banning Russian companies from the multi-billion-dollar aviation and space …
Former Michigan Gov. Rick Snyder, who faces misdemeanor charges in the Flint water crisis, wants to avoid testifying in a civil trial involving engineering firms that are being sued over liability for lead-contaminated water. Snyder’s attorneys said he would invoke …
A Texas oil pipeline billionaire is suing Beto O’Rourke for defamation after the Democrat criticized his $1 million donation to Republican Gov. Greg Abbott’s campaign following last year’s deadly winter blackout. O’Rourke, who won the Democratic nomination for governor last …
Australia’s Prime Minister Scott Morrison conceded that a changing climate is making the country a more difficult place to live as he declared recent destructive flooding on the east coast a national emergency. Morrison spoke to reporters as he visited …
This edition of International People Moves details appointments at Willis Towers Watson, Optio Group and MS Amlin. A summary of these new hires follows here. WTW Hires MS Amlin’s Singh for Climate Analytics, Exposure Mgmt Insurance broker WTW announced it …
The families of two Houston residents killed in a series of recent traffic accidents involving local law enforcement said Feb. 24 they believe their loved ones’ deaths are part of an ongoing problem with police pursuits and driver training for …
Oklahoma Insurance Commissioner Glen Mulready informed all property and casualty insurers authorized to do business in the state that upon renewal of an existing policy, each Oklahoma policyholder must receive notice stating any policy provision that has changed which eliminates …
Insured losses from February’s windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1 billion), with Germany accounting for around 40% of the total loss, according to risk modeling firm RMS. In addition to …