India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source February 28, 2022 India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp...
VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage February 26, 2022 By Monica Raymunt Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last...
Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished February 25, 2022 By L.S. Howard The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk February 25, 2022 Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...
Canada’s Trucker Protests Cost Businesses Tens of Millions in Lost Sales February 25, 2022 By Julie Gordon A three-week long protest in Canada against pandemic measures that snarled trade and shuttered Ottawa’s core likely cost billions in...
W. R. Berkley Corp. Agrees to Sell London Building Known as ‘The Scalpel’ for £718M February 25, 2022 W. R. Berkley Corp. announced it has agreed to sell a London real estate investment consisting of an office building...
Global Firms Shut Ukraine Operations, as They Weigh Impact of Sanctions on Russia February 25, 2022 By Jacob Gronholt-Pedersen Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion,...
Global Aviation Industry Assesses Growing Risks of Doing Business With Russia February 25, 2022 By Jamie Freed and Allison Lampert The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the...
Flash Floods Threaten 126,000 Commercial Buildings in London, and Risk Will Worsen February 25, 2022 By Jessica Shankleman More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat. Those...