Insurer AIG Leads Policy for Japan Airlines Plane Involved in Runway Collision: Sources January 3, 2024 U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided...
A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’ January 3, 2024 By L.S. Howard This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a...
European Central Bank’s Cyber Stress Test Will Not Affect Capital Requirements January 3, 2024 The European Central Bank’s cyber resilience stress test in the coming months will not affect bank-specific capital requirements but instead...
Global Shipping Firms Continue to Pause Red Sea Shipments After Weekend Attack January 3, 2024 By Terje Solsvik and Vera Eckert Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route...
Japan Airlines Flight Was Cleared to Land Before Fiery Collision at Tokyo Airport January 3, 2024 By Siddharth Philip, Danny Lee and Nicholas Takahashi As Japan Airlines Co. Flight 516 approached Tokyo’s Haneda Airport late on Tuesday afternoon, all signs pointed to an uneventful...
Japan Adds Rescuers as Death Toll From Jan. 1 Quake Rises to 64 January 3, 2024 By Isabel Reynolds and Takashi Nakamichi The death toll in the wake of the Jan. 1 earthquake off Japan’s northwest coast rose above 60 as the...
Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA January 2, 2024 The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an...
AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook January 2, 2024 AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and...
Tokyo Airport Collision Leaves 5 Dead, Japan Airlines’ Aircraft in Flames January 2, 2024 By Daniel Leussink and Yoshifumi Takemoto All 379 people aboard a Japan Airlines (JAL) plane escaped the burning airliner after a collision with a Coast Guard...
Climate Change Makes Forecasting Harder, Australia’s Agriculture Minister Says January 2, 2024 By Swati Pandey Climate change is making it harder to accurately predict extreme weather events, said Australia’s agriculture minister Murray Watt, amid criticism...