29 12, 2022

How Will Japan Secure Shipping Insurance for Imports of Russian LNG?

By | December 29th, 2022|Uncategorized|Comments Off on How Will Japan Secure Shipping Insurance for Imports of Russian LNG?

Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships traveling in Russian waters from Jan. 1. …

29 12, 2022

2022 Will Be UK’s Warmest Year on Record: Met Office

By | December 29th, 2022|Uncategorized|Comments Off on 2022 Will Be UK’s Warmest Year on Record: Met Office

This year will be the warmest year on record for the UK, according to the Met Office. The annual average temperature across Britain exceeded the previous high set in 2014, when the average was 9.88C, provisional data from the national …

29 12, 2022

Insurance M&A Activity Slowed in 2022: S&P

By | December 29th, 2022|Uncategorized|Comments Off on Insurance M&A Activity Slowed in 2022: S&P

Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped this year, according to an S&P Global Market Intelligence analysis. As of the end of November, there were 685 deals …

29 12, 2022

$5.4B Insured Losses from Winter Storm Elliot: KCC

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Insured damage to residential, commercial, and industrial properties and automobiles will be about $5.4 billion from Winter Storm Elliot, according to modeler Karen Clark & Co (KCC). The storm affected 42 states from Dec. 21 to Dec. 24 with below-freezing …

29 12, 2022

One Storm Departs California as Another Lines up to Enter

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SACRAMENTO, Calif. (AP) – Dense fog plagued California’s Central Valley early Wednesday as one winter storm left the state and another lined up to enter. The new storm was expected to move through Northern California late Wednesday and overnight, followed …

29 12, 2022

Heating Methods Suspected in Ohio Fire After family of 6 Killed

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NEWCOMERSTOWN, Ohio (AP) – Authorities investigating a fire that claimed the lives of six members of an Ohio family are looking at the possibility that the blaze was sparked by alternative methods of heating that the family was using to …

29 12, 2022

Oklahoma Airport Says Air Force Charter Damaged Runway

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STILLWATER, Okla. (AP) – A military cargo aircraft carrying the U.S. Air Force Academy women’s basketball team to a game at Oklahoma State University landed without authorization at the city’s airport and caused damage to its runway, city officials in …

29 12, 2022

Ohio Supreme Court: Ransomware Did Not Cause Direct Physical Loss

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A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. “Computer software cannot experience ‘direct physical loss or physical damage’ …

29 12, 2022

Pennsylvania Helps Buffalo Clear Snow; State Acts on Flooding, Insurance, Banks

By | December 29th, 2022|Uncategorized|Comments Off on Pennsylvania Helps Buffalo Clear Snow; State Acts on Flooding, Insurance, Banks

Like a good neighbor, the state of Pennsylvania is sending equipment and personnel to help neighboring Buffalo, New York, dig out from the recent deadly winter storm that dumped more than four feet of snow in the region and has …

29 12, 2022

Highway Fatalities Top 170 in Maine

By | December 29th, 2022|Uncategorized|Comments Off on Highway Fatalities Top 170 in Maine

Maine is likely to finish the year with its highest number of highway fatalities in 15 years, as a pandemic trend of speeding and reckless driving continues across the state, officials said. The unofficial number of highway deaths stood at …