Settlement Delays Likely to Worsen UK Motor Insurance Claims Inflation July 14, 2022 Delays in motor claims processing may be hiding the true threat of inflation to insurers, according to global broker WTW...
VW Sees EU Top Court Ruling Against Its Emissions Software as Confirmation July 14, 2022 By Kate Abnett and Victoria Waldersee Volkswagen’s software that altered car emissions constituted an illegal defeat device in certain driving conditions, the EU’s top court ruled...
Nordic Insurer Finds Longer, More Expensive Trips More Popular Now Than Before COVID July 14, 2022 By Nikolaj Skydsgaard Long-haul travel is back among Danes and even more popular than before the COVID-19 pandemic, as pent-up wanderlust increasingly drives...
Progress in Ukraine Grain Export Talks Reported; Sanctions, Insurance Among Issues July 14, 2022 By Michelle Nichols and Yesim Dikmen Ukraine, the United Nations and Turkey hailed progress at talks in Istanbul that aim to resume Black Sea grain exports...
People Moves: GCube Names Two in Underwriting; MS Amlin Adds Barnes to Marine; RiverStone Names M&A Head, Underwriter July 13, 2022 GCube Names Shimal, Litterick to Underwriting Posts Renewable energy specialist GCube Underwriting, a member of the Tokio Marine HCC group...
Court Orders 4 Ex-Tepco Execs to Pay $95B in Damages Over Fukushima Disaster July 13, 2022 The Tokyo district court on Wednesday ordered four former executives of Tokyo Electric Power Company (Tepco) to pay 13 trillion...
The Global Urgency of Building the Carbon Removal Industry July 13, 2022 By L.S. Howard “If you build it, they will come.” This famous, but paraphrased, quote from the film “Field of Dreams” is apropos...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero July 13, 2022 By L.S. Howard Ditching investments in fossil fuel businesses—and denying them insurance—aren’t the only ways for the insurance industry to participate in the...
Broker NFP Forms Captive Manager in Canada July 13, 2022 Insurance broker NFP has established a captive management firm in Canada following Alberta’s establishment of a regime for captive insurance...
Russia Pauses Seizure of Assets of Western Firms Exiting the Country July 13, 2022 Note: This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Moscow’s plan...