A ban on European Union insurers covering Iranian oil exports has forced ship owners to fall back on new, untested insurance providers, raising fears that governments may have to pay in the event of an oil spill. The July ban, …
South Dakota’s biggest city has banned texting while driving. The Sioux Falls City Council voted to make sending and receiving electronic messages while operating a vehicle a crime within city limits. The ordinance will take effect on Sept. 28 and …
In less than two weeks, Iran’s biggest oil buyers will lose access to the London-based insurance market that protects 95 percent of the world’s tanker shipments against oil spills or catastrophic collisions. Barring an unexpected last-minute deal to relax European …
The UK’s Financial Services Authority (FSA) announced that it has fined Mitsui Sumitomo Insurance Company (Europe) Ltd (MSIEu) £3.345 million [$5.4 million] “for serious corporate governance failings, and imposed a ban and fine of £119,303 [$192,622] on its former executive …
A widely expected ban on European insurance cover for Iranian oil exports from July 1 is threatening to curtail shipments and raise costs for major buyers such as Japan and South Korea, insurance industry sources say. Last week the European …
The UK government has come down on the side of the country’s insurance industry with its announcement from Justice Minister Jonathan Djanogly that it will ban referral fees in England and Wales. The charges are assessed when information concerning personal …
Russia banned imports of raw vegetables from the European Union on Thursday because of a deadly E.coli outbreak centered in Germany, Russian media cited the head of the consumer protection agency as saying. “A ban on the import of fresh …
