Tag: international insurance

Off road vehicle insurance sought by ATV Federation in Canada

Julie Campbell
ATV off road vehicle insurance

The organization is hoping to make coverage mandatory in all of the Maritime provinces. The ATV Federation is made a call to have required off road vehicle insurance for all drivers of these machines, throughout each of the Maritime provinces in Canada, by the end of the year. At the moment, only Prince Edward Island has failed to implement this type of regulation for ATV drivers. This would require the drivers of all terrain vehicles in every Maritime province – including P.E.I. – to have to begin shopping for coverage,…

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Oil insurance fund to be established in India for Iranian crude

Julie Campbell
oil insurance news

A new program is being designed to provide Indian refiners with the coverage that they require. India has now revealed that it has intentions to establish a special fund in order to give refineries the opportunity to obtain oil insurance coverage after reinsurers from the European Union refused to provide protection for units that process crude from Iranian sources. The country’s own insurers have refused coverage to the refiners as they could not obtain reinsurance. The reason is that the oil insurance companies within India were not able to obtain…

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Insurance industry premium growth will be driven by Asia-Pacific markets

H. Cutner
Asia Pacific Insurance Industry Growth

Recent predictions show that by the year 2020, the income from that region’s premiums will have doubled. The results of a new study from the Economic Research Department at Munich Re have shown that by the year 2020, the insurance industry premiums income from the Asia-Pacific region will have doubled their current size. Until that year, nearly half of the estimated additional worldwide primary premiums will come from that region. This equates to approximately €1 trillion, which will be generated by the Asia-Pacific insurance industry. The report on the findings…

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Insurance news from India includes possible cessation of Iranian crude imports

Julie Campbell
oil insurance news Iran imports stopped from india

The South Asian country may soon cut off its imports of Iran oil as coverage is shaky. India is preparing to stop its imports of Iran crude, as the latest insurance news has shown that the refineries that process the oil would not be able to obtain coverage due to the sanctions from the West. This, according to the head of the MRPL refiner, as options for coverage appear to be running out. India is the second biggest buyer of Iranian crude, making this considerable insurance news. Nearly one quarter…

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Insurance news announcement from China includes forced pollution coverage

G. Turner
china pollution insurance news

Chinese industries that pollute the most heavily will be required to purchase coverage for damage compensation. China has made a government insurance news announcement that will require the most heavily polluting industries to take part in a form of coverage program that will make certain that they are capable of providing compensation for the environmental damage that they cause. The Communist Party in the country has placed a central focus on the pollution in the country. This is the result of the considerable insurance news headlines that have been made…

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