Sunken Ship’s Captain and 1st Officer Sentenced to 20 Months in Mauritian Prison December 28, 2021 By Kamlesh Bhuckory The captain and first officer of a dry bulk carrier, which triggered the biggest environmental disaster in Mauritius, have been...
P/C Insurers Need to Hike Key Commercial Rates Even More: A.M. Best April 19, 2021 The environment for many of the U.S. property/casualty (P/C) insurers lines remains competitive despite the need for rate increases for...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re March 30, 2021 By L.S. Howard Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according...
Russian Mining Giant Nornickel Fined $2 Billion for Huge Arctic Fuel Spill February 5, 2021 By Polina Devitt MOSCOW – Russian mining giant Norilsk Nickel was fined $2 billion on Friday for the damage caused by a huge...
Croatian Residents Rush to Buy Earthquake Cover After Destructive Quakes in 2020 February 3, 2021 By Jasmina Kuzmanovic Croatian insurers are reaping a windfall as residents rush to sign up for protection after two destructive earthquakes last year...
Final Insured Losses for Australian Bushfires of 2019/2020 Estimated at A$1.866B January 6, 2021 Insured losses for the Australian bushfires of 2019/2020 rose to A$1.866 billion (US$1.441 billion), according to estimates issued by PERILS,...
Rescuers Race to Find Survivors After Croatia’s Worst Earthquake in 140 Years December 30, 2020 By Jasmina Kuzmanovic and Jan Bratanic Rescuers raced to search for survivors amid strong aftershocks after Croatia’s worst earthquake in 140 years killed seven people and...
Insurance Journal’s Most Noteworthy Topics of 2020: International December 29, 2020 By L.S. Howard COVID-19 and mergers and acquistions were just two of noteworthy topics of 2020 covered by the International section of Insurance...
Mauritius Oil Spill Disaster Caused by Lack of Safety Awareness, Admits Shipowner December 22, 2020 TOKYO — Japan’s Nagashiki Shipping said on Friday [Dec. 18] the grounding of one of its large bulk carriers that...
Global Natural and Manmade Disasters Cost Insurers US$83B in 2020: Swiss Re December 16, 2020 Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it...