Inside EU, No Clear Financial Options Exist to Reduce Ukraine Grain Transport Costs July 28, 2023 By Julia Payne and Max Hunder The European Commission has no immediate money in the budget and no clear way to help finance the extra transport...
Update: Greece Fights Almost 200 Wildfires as Wind Raises Risk in Mediterranean July 27, 2023 By Eamon Akil Farhat and Paul Tugwell Greece is fighting almost 200 wildfires as strengthening winds put a sting in the tail of the Mediterranean’s fading heat...
Typhoon-Prone Philippines Seeks New Insurance After Lapse of Catastrophe Bond July 27, 2023 By Ditas Lopez The Philippines, recovering from damage wrought by Typhoon Doksuri, is seeking a new insurance plan as protection against future calamities...
Climate Change Lawsuits More Than Double in 5 Years as Impacts Hit Home July 27, 2023 By Gloria Dickie The number of court cases related to climate change has more than doubled in five years as impacts ranging from...
Update: China Girds for Typoon Doksuri as Death Toll Rises in Philippines July 27, 2023 By Sing Yee Ong and Andreo Calonzo China canceled dozens of flights and trains in preparation for Typhoon Doksuri, which has shuttered much of southern and eastern...
Operation Begins to Remove Oil From Rusting Yemen Tanker to ‘Avoid Catastrophe’: UN July 27, 2023 By Samy Magdy An international team began siphoning oil out of a decrepit oil tanker off the coast of Yemen on Tuesday, the...
As Russian Oil Crosses G-7’s Price Cap, US Eyes Soft Enforcement July 27, 2023 By Timothy Gardner and Laura Sanicola The Biden administration is poised to increase outreach to western trading houses, insurers and tanker owners to remind them to...
Canada Financial Regulator Proposes Capital Guidelines for Cryptoassets July 27, 2023 Canada’s financial regulator on Wednesday proposed changes to its capital and liquidity approach to cryptoassets, citing a risky environment and...
Airlines Face Doubling in War Insurance Premiums After Sudan Losses: Sources July 26, 2023 By Carolyn Cohn Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war...
Markets/Coverages: New Lloyd’s Syndicate Provides E&S Cover for Calif. Wildfire Risks July 26, 2023 Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense...