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30 11, 2022

Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5

By | November 30th, 2022|Uncategorized|Comments Off on Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine. The plan is meant to punish Russia while at the same time …

30 11, 2022

Cyber Attackers Cripple IT Systems of Prominent Indian Hospital

By | November 30th, 2022|Uncategorized|Comments Off on Cyber Attackers Cripple IT Systems of Prominent Indian Hospital

Cyber attackers have crippled systems at one of India’s most prominent hospitals for a week, forcing the institution to operate a raft of key medical services and labs manually. The All India Institute of Medical Sciences — a hospital that’s …

23 11, 2022

Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest

By | November 23rd, 2022|Uncategorized|Comments Off on Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest

The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Envest Pty Ltd., an Australian insurance investment and distribution business. Headquartered in Brisbane, Queensland, Envest operates with a diverse portfolio of brands and a national …

23 11, 2022

Is Britain Starting to Have Second Thoughts About Brexit?

By | November 23rd, 2022|Uncategorized|Comments Off on Is Britain Starting to Have Second Thoughts About Brexit?

Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living crisis and …

23 11, 2022

Widow Asks $55M From NCAA for Football Player’s Death

By | November 23rd, 2022|Uncategorized|Comments Off on Widow Asks $55M From NCAA for Football Player’s Death

Attorneys asked a jury Monday to award $55 million to the widow of a former USC football player, in a landmark case accusing the NCAA of failing to protect him from repetitive head trauma that led to his death. Matthew …

23 11, 2022

New York Expects Lifting of Deadline to Bring Wave of Claims by Adult Sex Abuse Survivors

By | November 23rd, 2022|Uncategorized|Comments Off on New York Expects Lifting of Deadline to Bring Wave of Claims by Adult Sex Abuse Survivors

Sexual assault victims in New York will get a one-time opportunity to sue over their abuse starting Thursday, under a new law expected to bring a wave of allegations against prison guards, middle managers, doctors and a few prominent figures …

23 11, 2022

Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions?

By | November 23rd, 2022|Uncategorized|Comments Off on Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions?

With recent news of multinational food and beverage company Mondelez International settling its lawsuit against its insurer Zurich American Insurance Company over the company’s NotPetya claims, conversation has continued around what this could mean for war exclusion language and definitions …

23 11, 2022

Indonesia Earthquake Kills 268 Amid Collapsed Homes, Landslides

By | November 23rd, 2022|Uncategorized|Comments Off on Indonesia Earthquake Kills 268 Amid Collapsed Homes, Landslides

A quake in Indonesia killed at least 268 people as the search continues for victims amid landslides and collapsed buildings. The 5.6-magnitude earthquake that struck West Java on Monday damaged more than 20,000 homes, leaving thousands injured and hundreds still …

23 11, 2022

Australia’s Extreme Weather Events to Worsen as Climate Warms: Report

By | November 23rd, 2022|Uncategorized|Comments Off on Australia’s Extreme Weather Events to Worsen as Climate Warms: Report

Australia will experience an increase in extreme heat, intense rainfall and coral-bleaching events, as well as longer fire seasons and more rapidly rising sea levels, according to the government’s chief science and weather agencies. In a dire report released Wednesday …

23 11, 2022

Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals

By | November 23rd, 2022|Uncategorized|Comments Off on Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals

Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according to a commentary from Fitch Ratings Fitch expects double-digit percentage premium rate rises for property catastrophe cover in 2023, driven …