The DLA Piper law firm announced that a group of lawyers led by partners Joyce Chan and Heng Loong Cheong will join its Hong Kong office from Dewey & LeBoeuf. The move signals yet another step in the meltdown of …
Iranian petrochemical exports have plunged nearly 90 percent in the last two weeks as most maritime firms, including those in Iran, cannot find insurance to transport the cargo due to EU sanctions, according to traders and shipping data. The impact …
The UK is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead to a damaging spike in oil prices, European …
A Denver lawyer has lost her liability insurance because part of her practice involves representing medical-marijuana businesses. The Denver Post reported the Hanover Insurance Group told Ann Toney last month it wouldn’t renew her malpractice coverage. It sent a notice …
The end in June of the UK government’s agreement with the country’s insurance industry, the Statement of Principles (SoP) agreement, which provides insurance in high flood risk areas, “may prove positive for the UK insurance industry,” according to a report …
The insurance claim seemed straightforward: Jason Preston said his motorcycle was wrecked. His clothing was scuffed up to prove it. But Idaho investigators figured there was something fishy about the Blackfoot man’s story he’d crashed the bike to avoid hitting …
Marine insurance, or lack of it, may yet turn out to be the most effective sanction used by Western nations in 17 years of tightening the screws on Iran’s nuclear program. A European Union oil embargo on Iran, set to …
U.S. RE Analytics, LLC has developed a new tool to help catastrophe-exposed insurance companies reduce reinsurance costs and improve return on risk-adjusted capital, according to Anya Kutsina, managing director. U.S. RE Risk Optimizer is a proprietary tool that enables insurers …
A 90-year-old woman residing in an assisted-living facility in Billings has won a $34.2 million judgment against her Omaha, Neb.-based insurance company for suspending payments for her dementia care. Arlene Hull and her daughter sued Ability Insurance Co. in 2010 …
Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said. The United States and European Union have …
