Oil insurance offered by Iran to India refiners

G. Turner
india news iran crude oil insurance

In an effort to boost the sales of crude, Tehran is now offering coverage to Indian refineries. Iran has just offered to provide Indian refiners with oil insurance in order to try to increase its sales of crude, as Tehran seeks out new ways to reduce the considerable impact it has suffered from the revenues drop that resulted by strict sanctions from the European Union and the United States. The sanctions from the E.U. and the U.S. have slashed away at Iran’s ability to sell crude. These sanctions were specifically…

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Lloyd’s estimates risks solar storms pose to insurance industry

S.Vagus
Insurance Industry News - Solar Flare

Insurance industry may not be suited for powerful solar storms Lloyd’s of London has released a new report concerning the emerging risks associated with powerful solar storms. A solar storm is produced by solar flares and coronal mass ejections that are directed in the general location of the planet. Typically, such events present no significant threat to the world as they are relatively rare and not directly targeted at earth. According to Lloyd’s, however, a direct hit from such an event could have cataclysmic consequences, especially for the insurance industry.…

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Health insurance concerns worsen in Mississippi

Logan B.
Health Insurance Mississippi

Mississippi health insurance exchange is the source of worry for regulators Health insurance continues to be a controversial issue in the U.S. and Mississippi Insurance Commissioner Mike Chaney has begun expressing strong concerns over the Affordable Care Act’s ability to provide affordable coverage to consumers. The Commissioner has begun to voice his doubt as to whether people will actually be able to receive health insurance coverage when they enroll in the state’s health insurance exchange in October of this year. The state is had sought to operate its own exchange…

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Insurance news in Texas includes a new commissioner

Julie Campbell
Texas Terrorism Insurance news

Julia Rathgeber will now take the place of Eleanor Kitzman, whose last day was on Monday. Texas Governor Rick Perry has just announced the latest insurance news, that he has appointed Julia Rathgeber as the new state commissioner, as a replacement was needed for Eleanor Kitzman, whose time in the position ended at the close of the 2013 session. Rathgeber has been the long time aide to Lieutenant Governor David Dewhurst. Now, Rathgeber, who is from Austin and had been the deputy chief of staff for the lieutenant governor until…

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Health insurance law causes Indiana school districts to slash worker hours

H. Cutner
Indiana insurance industry

A growing number have cut back on part time employee hours before requirements are implemented. A number of school districts in Indiana have revealed that they are slashing back the hours of part time employees such as cafeteria workers and assistants because they state that they would not be able to afford to provide those individuals with health insurance. The federal healthcare reforms requires all workers over 30 hours per week to be covered by an employer’s plan. Many school districts across the state have chosen to bring the hours…

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