Australia's High Court ruled that wreck removal claims excluded under Australia's maritime reservations cannot be capped by reclassifying them as property damage.
The payout marks Nepal’s first use of a parametric drought insurance policy, stakeholders said, with funds supporting food aid and farming tools in Bajura district.
As demand for CCS insurance solutions grows across APAC, Willis has introduced a tailored CCS offering, positioned to aid the region's decarbonisation.
Specialty (re)insurer's fifth global unit will integrate data, analytics and risk engineering to help clients address exposures such as climate, cyber and supply chain disruption.
