Hints and tips:
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...What will be the economic impact of the accident? Maryland officials said on Tuesday that shipping traffic into and out of the port would be suspended until further notice....
...Buried in the announcement was the following line (with our emphasis): In addition, the Company has given an indemnity in respect of any reduction in the value of the rights transferred in the event that...
...He raised concerns about the reliability and ability of non-IG insurers to handle a spill or other accident....
...At the time of the accident, BHP was dual-listed in London and in Sydney....
...One oil industry participant with knowledge of the situation said Russian insurance companies had provided the requested letters of confirmation to Turkish authorities....
...policies that might not pay out as required in the event of an accident....
...One key area of marine insurance is liability cover, which covers shipowners for huge accidents such as oil or bunker fuel spills that can incur multibillion-dollar claims....
...That's not a kind of indemnity that regulators and governments have wanted to give to crypto....
...Chubb said on Friday it planned to take over the “life and non-life insurance companies that house the personal accident, supplemental health and life insurance business” of Cigna in South Korea, Taiwan,...
...They might in turn seek an indemnity from the insurers for the raft company but that will not be your brother’s concern....
...And everywhere the move usually comes at a time of distress — in the wake of a family death, an accident or hospital stay....
...Hartford has agreed to pay a premium of $650m for the reinsurance from National Indemnity, a subsidiary of Berkshire. The deal will reduce Hartford’s fourth quarter after-tax profits by $423m....
...In one case, Travelers Indemnity, an insurance company, asked a federal court in 2014 to rule that a general liability policy it sold to PF Chang did not cover a breach of customer data at the US Chinese...
...It added that Mr Zuma’s government gave Russia special favours including indemnity for nuclear accidents and favourable tax treatment....
...That is in contrast to a similar deal AIG reached six years ago when Berkshire’s subsidiary National Indemnity Company (Nico) took on responsibility for handling asbestos-related claims....
...The underwriter operates across professional indemnity, property, marine, reinsurance, accident and life, as well as political risk. It wrote gross premiums of just over $2bn in 2015....
...Halliburton said that its agreement with BP included “indemnities between the parties and dismissal of all claims against each other”....
...The other two companies have contractual indemnities with BP, which the court ruled they can enforce....
...Dr Thompson, who ran 27 Boston marathons before breaking his hip in a bike accident recently, says that athletes who die of heart attacks before the age of 30 tend to have a condition called hypertrophic...
...Luckily the company’s claim succeeded. A competent finance director possesses a thorough knowledge of their company’s coverage and policies....
...In having reviewed the Oil Pollution and Clean Water acts (which measure and assign liability) and Transocean’s lease with BP, which included an indemnity agreement that minimised Transocean of responsibility...
...company’s share price....
...to offload liability for the accident on each other....
International Edition