Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse May 2, 2024 Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott...
As Ukraine Grain Deadline Approaches, Pact Is Already Nearly Broken July 7, 2023 By Megan Durisin and Áine Quinn Global leaders are racing to salvage an international deal to allow Ukraine’s grain shipments by sea before it expires in...
Black Sea Shipping Costs Rise on Higher War Risk Insurance, Reinsurer Exclusions January 6, 2023 By Jonathan Saul Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the...
Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters December 30, 2022 By Ritsuko Shimizu and Yuka Obayashi Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war...
How Will Japan Secure Shipping Insurance for Imports of Russian LNG? December 29, 2022 By Yuka Obayashi Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from...
Ship Insurers’ Exodus From Russia-Ukraine Risks Gathers Momentum December 29, 2022 By Alex Longley and Alaric Nightingale A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a...
Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...
Japan’s LNG Buyers Assess How Insurance Halt Will Affect Supplies December 27, 2022 By Shoko Oda and Tsuyoshi Inajima Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing...
Japan Urges Its Insurers to Retain Marine War Cover for LNG Shippers in Russian Waters December 27, 2022 The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural...
Insurers May Refuse to Cover Planes, Ships Exposed to Ukraine Conflict: Sources December 19, 2022 Insurers may refuse to cover planes flying to Ukraine or ships sailing through the Black Sea as reinsurers – who...