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Byline: Peta Miller HAMILTON, Bermuda-Energy industry mutual Oil Insurance Ltd. plans to review how it will cover Gulf of Mexico windstorm risks in light of the huge losses it faced [...]

Byline: Peta Miller Plentiful capacity is keeping a lid on worldwide rate increases for marine risks during the midyear renewal, brokers and underwriters say. Although accounts with poor loss records [...]

Byline: PETA MILLER Rates for catastrophe-exposed energy risks are increasing in multiples of 100 at midyear renewals, but rates for other energy coverages are seeing only moderate increases or, in [...]

Byline: PETA MILLER Two commercial marine accidents in recent weeks are together likely to cost European hull and liability insurers millions of dollars but are not expected have a significant [...]

Byline: PETA MILLER BAGHDAD, Iraq-As the turmoil in Iraq continues, personal accident coverage for foreign workers in the country has become more expensive and limited, insurance experts say. In light [...]

Byline: PETA MILLER SOUTHAMPTON, England-It is unclear whether P&O Cruises will be able to recoup the millions of pounds of compensation and refunds it has paid to passengers after the [...]

Byline: PETA MILLER TOULOUSE, France-Airlines that have ordered Airbus S.A.'s latest jumbo jet will have to find additional aviation liability capacity in order to purchase per-passenger coverage limits comparable to [...]

Byline: PETA MILLER BERLIN-Fitch Ratings Ltd.'s plan to issue insurer financial strength ratings on European insurers has met with resistance from Germany's insurance industry. Fitch in December published a consultative [...]

Byline: SARAH VEYSEY and PETA MILLER LONDON-Risk managers are entitled to ask their brokers to provide details of the commissions they receive and brokers are obliged to respond under regulations [...]

Byline: PETA MILLER Airlines enjoyed the safest year for passenger travel in almost 60 years in 2004 and incurred the lowest total hull and liability insured losses since 1990, a [...]

Byline: PETA MILLER Marine insurance buyers saw little change in hull and cargo rates at Jan. 1 renewals as underwriters strived to increase the profitability of their business. And buyers [...]

Byline: SARAH VEYSEY and PETA MILLER LONDON-Aon Ltd.'s plan to impose upfront charges on certain London market placements as payment for services provided to the market has been cautiously welcomed [...]

Byline: PETA MILLER LONDON-Oil and gas producers should expect significant rate increases for property and business interruption coverages after underwater mudslides helped make Hurricane Ivan one of the most costly [...]

Byline: PETA MILLER PONTOISE, France-Continental Airlines Inc. is disputing an official finding that debris from one of its aircraft was the direct cause of the 2000 crash of a Concorde [...]

Byline: PETA MILLER and SARAH VEYSEY LONDON-Brokers at Marsh Ltd. on occasion steered clients to insurers that paid the highest contingent compensation, according to an investigation commissioned by the brokerage. [...]

Byline: SARAH VEYSEY and PETA MILLER Several European risk management associations plan to draw up broker compensation standards in the wake of the allegations of bid rigging and client steering [...]

Byline: Peta Miller PEMBROKE, Bermuda-The loss of an Intelsat Ltd. communications satellite that served much of North and South America was self-insured. The Pembroke, Bermuda-based company said Sunday that its [...]

Byline: Peta Miller LONDON-Markel International Ltd. in London has stopped writing aviation risks, it says, because falling rates and rising capacity have made underwriting profits too difficult to achieve. The [...]

Byline: Peta Miller BAOTOU, China-A Chinese passenger jet that crashed last week in Northern China was insured for $24 million, with coverage led at Lloyd's of London. The China Eastern [...]

Byline: Peta Miller and Sarah Veysey The Web may be worldwide, but finding risk management- and benefits-related sites that are truly global is surprisingly difficult. The Web site of the [...]

Byline: PETA MILLER Two deadly shipping losses over the past week will likely cause more than $20 million in insured losses. Last Monday, Vicuna, a Chile-registered 11,636 gross tons tanker, [...]

Byline: PETA MILLER LONDON-Lloyd's of London has instructed all businesses at Lloyd's to conduct internal reviews to investigate whether there is any evidence of bid rigging or price fixing in [...]

Byline: Peta Miller LONDON-The 'tremendous black mark'' on the insurance industry stemming from the charges leveled by New York Attorney General Eliot Spitzer surrounding contingent commission agreements will force transparency [...]

Byline: PETA MILLER LONDON-Many U.K. insurance companies will fail to meet new risk-based minimum capital adequacy requirements coming into effect at the end of this year, according to a member [...]

Byline: PETA MILLER U.K. employers and insurers will face up to 200,000 asbestos-related liability claims by 2040, with an economic impact of up to u20 billion ($36.68 billion), a report [...]

Byline: PETA MILLER MANCHESTER, England-A British court on Monday will begin hearing a test case to determine appropriate compensation for U.K. workers who develop a benign medical condition related to [...]

Byline: PETA MILLER and SARAH VEYSEY LONDON-Brokerage firms in the London market do pressure their employees to place risks with insurers that pay the highest contingent commissions, insurance sources agree. [...]

Byline: PETA MILLER MONTREAL-Airlines are urging governments to provide coverage for losses stemming from acts of terrorism involving nuclear, biological and chemical weapons, because such risks will be excluded from [...]

Byline: PETA MILLER BRUSSELS, Belgium-Risk management is now a well-established discipline within many European companies and is separated from the insurance buying function at well over one-third of organizations, according [...]

Byline: PETA MILLER BRUSSELS, Belgium-The practice of risk management varies too widely and is evolving too quickly to be subject to specific standards, according to a leading European risk manager. [...]

Byline: PETA MILLER LONDON-At least one broker executive is expressing concern that some of the recent reforms of the London market may limit the ability of smaller entities to compete [...]

Byline: PETA MILLER DUBAI, United Arab Emirates-Losses caused by a fatal accident at a construction site at Dubai International Airport will be covered by London underwriters. A section of a [...]

Byline: PETA MILLER SINGAPORE-Until marine insurers and reinsurers become more disciplined, buyers will continue to enjoy inexpensive capacity and the marine market overall will keep posting lackluster results, experts say. [...]

Byline: PETA MILLER SINGAPORE-A spate of large losses in the shipbuilding industry has prompted insurers to toughen their standards and limit coverage for shipyards, according to marine underwriters. Speaking at [...]

Byline: Peta Miller ASUNCION, Paraguay-The owner of the Paraguayan shopping center where about 400 people died in a fire earlier this month has property and liability coverage written by a [...]

Byline: PETA MILLER LONDON-Cargo war risk buyers may be able to negotiate better prices for coverage, following the disbanding last month of the London market body that for decades has [...]

Byline: PETA MILLER LONDON-Foreign brokers accredited by Lloyd's of London under its 2001 plan to create global access to the market are having mixed success. Several firms based outside the [...]

Byline: PETA MILLER BRAUNSCHWEIG, Germany-The German aviation authority and brokers have reached a compromise to resolve complications arising from Germany's adoption of a new airline liability treaty. At issue was [...]

Byline: PETA MILLER BRUSSELS, Belgium-Officials from European Union member states are gathering in Brussels today to consider their response to the impact on the aviation industry from a planned exclusion [...]