Hints and tips:
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...If it is a charitable company, you will also be a director under company law and need to ensure the charity complies with company law requirements in addition to charity law....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...guarantee and indemnity agreement (the “Guarantee” . . ....
...However, he acknowledged the liabilities amassed by public bodies showed some of them were “struggling to do” this....
...with the Financial Times, Roppestad estimated that since Russia invaded Ukraine “several thousand” more ships were trading around the globe without cover from the International Group of 12 Protection & Indemnity...
...The foundation has spent nearly $6bn so far, including $2.6bn paid in indemnities and financial assistance to 410,000 people....
...“As unequivocally and unambiguously stated, Johnson & Johnson has agreed to retain all the talc-related liabilities—and indemnify Kenvue for any and all costs—arising from litigation in the United States...
...PwC denied liability on the first day of a High Court trial in London that is expected to run until mid-February....
...Some local authorities can take weeks to provide search results and you may need to obtain indemnity insurance to cover any outstanding information, so the sooner you get started with this the better....
...GSK believes that there are grounds for it to bring indemnification claims in respect of certain potential liabilities, including against Haleon,” the pharma group added....
...In December, protection and indemnity insurers, which provide liability insurance to seaborne trade, warned that their reinsurers had cancelled certain insurance covers for Ukraine war-related claims....
...Global protection and indemnity insurers issued amendments on December 23 for certain policies, including charterers’ liability cover, excluding losses coming from the conflict “or any expansion” of it....
...But the International Group of P&I Clubs, which represents 13 mutual insurers providing liability cover to around 90 per cent of global shipping, said on Monday that the Turkish request went “well beyond...
...Companies use directors and officers liability insurance — D&O — to protect managers from claims made against decisions and actions taken as a board....
...indemnities....
...One oil industry participant with knowledge of the situation said Russian insurance companies had provided the requested letters of confirmation to Turkish authorities....
...Gillian Tett (Opinion, April 29) suggests that the global impact of sanctions against Russia could be enhanced by bans on the provision of property and indemnity (or liability) insurance to vessels carrying...
...They may specialise in one area, for example pensions, or they may advise on products offered by a limited number of companies....
...Oil tankers do not just need to insure expensive cargoes but against liabilities such as Exxon Valdez-style spills with multibillion-dollar clean-up costs....
...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....
...All of the 13 Protection & Indemnity (P&I) Clubs under the International Group, mutual insurers for shipping that cover third-party liabilities including bunker fuel spills, wreck removals and personal injury...
...McKinsey did not admit wrongdoing or liability as part of the settlement and Barton has said that he had “simply no knowledge of the work undertaken for Purdue by my former colleagues”....
...They might in turn seek an indemnity from the insurers for the raft company but that will not be your brother’s concern....
International Edition