Monthly Archives: <span>April 2022</span>

India’s ONGC Struggles to Ship Russian Oil to Asia as Sanctions Bite: Sources

India’s Oil and Natural Gas Corp. (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia’s Far East, in a growing sign that complex trades involving one of Moscow’s biggest partners are being interrupted by …

Progress Made on Nebraska Wildfires, But High Winds Threaten Efforts

Fire crews took advantage of a break in the weather in their battle to contain large fires in the West and Plains states, but fear the return of stronger winds Tuesday could spread the flames further. A southwestern Nebraska wildfire …

Exxon Mobil Declares Force Majeure on Its Russian Sakhalin-1 Operations

Exxon Mobil Corp. said on Wednesday its Russian unit Exxon Neftegas Ltd. has declared force majeure for its Sakhalin-1 operations due to sanctions on Russia that have made it increasingly difficult to ship crude to customers. The Sakhalin-1 project produces …

Britain Proposes Post-Brexit Relaxation of Solvency II Capital Rules for Insurers

Britain launched public consultation on Thursday for a post-Brexit relaxation of capital rules for insurers, in a step the government said would increase investments in long-term infrastructure. Britain inherited rules known as Solvency II from the European Union, and reforming …

North Dakota Governor Seeking Federal Help With Damaging Storms

North Dakota Gov. Doug Burgum plans to ask for federal help in dealing with damaging floods and a severe winter storm that left thousands without electricity. As a precursor to a presidential disaster declaration request, Burgum has issued a statewide …

Judge Rules for Elon Musk in $13 Billion Lawsuit Over Tesla-SolarCity Deal

Tesla Inc. Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in 2016 to acquire SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday. Tesla …

Inflation Boosts W.R. Berkley Top Line to Record Level as Exposures Grow

While investment analysts continue to track commercial insurance rate hikes for property/casualty insurance carriers, exposure growth was an important contributor to a top-line record for the first quarter at W.R. Berkley Corp., the specialty carrier’s CEO said. Speaking on an …

The National Alliance Releases New Course – Certified Environmental Strategist To Teach The Management and Transfer of Environmental Exposures

Austin, TX., April 28, 2022. — The National Alliance for Insurance Education & Research today announced the release of the Certified Environmental Strategist (CeS) self-paced course. Created by Chris Bunbury, Environmental Strategist and President of Environmental Strategist, Inc. (ESI), the …

COVID Again Leading Cause of Work-Related Deaths in Washington

COVID-19 was the leading cause of work-related fatalities in Washington for the second straight year, accounting for one-fourth of the 106 workers who died, according to the Washington State Department of Labor & Industries. L&I’s claim records show 26 people …

Compliance in Cannabis Can Be a Painstaking Task

Editor’s note: This story is based an Insurance Journal webinar, which is available on-demand. A longer version of this article is set to appear in the Insurance Journal May 16 print edition. Compliance in the cannabis industry presents a different …