Insurance claims spike as Russia impounds almost 800 foreign-owned jets

Aviation Insurance claims

Fitch and Moody’s have predicted that the potential covered losses could reach $10 billion. Russia has passed a low transferring nearly 800 jets owned by western companies to Russian airlines in response to foreign sanctions, driving a wave of insurance claims from the firms that had been leasing them there. Leasing firms have had entire fleets taken over by Russia, losing hundreds of jets all at once. The leasing firms are expected to assert that registering the jets in Russia when they were already on the books in other territories…

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Berkshire Hathaway acquires Alleghany insurance company breaking investment fast

Insurance Company Acquisitions - Berkshire acquires Alleghany

The purchase agreement was struck shortly after Warren Buffett discussed the lack of investing opportunities. Berkshire Hathaway Inc. has arrived at a purchase agreement for the Alleghany Corp insurance company, only a handful of weeks after Warren Buffett had said that there weren’t any good investment opportunities. The purchase includes Alleghany insurer as well as the Transatlantic Holdings reinsurer. This acquisition of the reinsurance and insurance company will broaden Berkshire Hathaway’s portfolio in this category, which already includes the Geico auto insurer and the General Re reinsurer, in addition to…

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How To Plan for Your Child’s Future With Disability

insurance news family planning

Any parent who has a child with a disability will tell you that parenting a child with special needs is no more difficult than parenting any other child. It’s just different. While most parents take for granted that one day their child is going to go off and find their own way in life, this is one of the key differences in raising children with disabilities. Nothing can be taken for granted. The parent must carefully plan for a future in which the parent is no longer there. Your Child…

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Travel insurance companies face new challenges amid sanctions in war on Ukraine

Travel insurance - Plane - words

Countries directly involved in the war or sanctions have “do not travel” warnings protecting insurers. Consumers have a lot of questions regarding the ins and outs of travel insurance at the moment, due to the sanctions and other issues surrounding the illegal Russian invasion on Ukraine. The war and the sanctions have changed the rules for some travelers and insurers are working to answer questions. The countries directly involved in the war in Ukraine have “do not travel” warnings which provide protection for travel insurance companies. That said, the sanctions…

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5 Tips To Help You Find A Good Car Insurance Plan In 2022

Buying a car insurance plan has become necessary in some places of the world. You might not be able to drive your car if you don’t have an appropriate insurance plan.  But remember that if you are looking for a car insurance plan, you have to ensure that you gather proper details. Picking an insurance plan randomly won’t do any good to you.  How can you ensure that you pick the right insurance plan if you have no prior experience of working with car insurance providers? Keep reading this article…

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Lloyd’s reinsurance and insurance market supports sanctions against Russia

Insurance market - Lloyds of London Building

The massive London-based marketplace has stated that it official backs sanctioning the country. Lloyd’s reinsurance and insurance market has announced that it is placing its backing behind the sanctions that have been applied to Russia in response to that country’s invasion of Ukraine. Western nations have announced a growing spectrum of sanctions aimed at the Russian economy. Countries from around the globe have been applying the sanctions to separate the Russian economy from an in-flow of money and to separate the country from the rest of the world. The largest…

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