When is exposure to toxic substances covered by insurance? Ask the Court of Appeals

When is exposure to toxic substances covered by insurance? Ask the Court of Appeals

Is the insurance company liable if the illness is discovered long after the policy has expired? Answer to West Virginia Supreme Court-approved question is ‘very important’ for chemical industry [Reuters]- A federal appeals court has given guidance to the West Virginia Supreme Court of Appeals on whether long-term insurance policies cover liability for exposures to … Read more

Sean Penn visits Zelensky in Ukraine, lends Oscar

Sean Penn visits Zelensky in Ukraine, lends Oscar

(Reuters) – Hollywood actor and director Sean Penn, who has been sanctioned by Russia for criticizing the war in Ukraine, met Ukrainian Volodymyr Zelensky during a visit to Kyiv on Tuesday. Lent an Oscar statuette to the president. “It’s just symbolic and ridiculous,” he said, sitting beside the Ukrainian leader at the table at the … Read more

Tesla changes China’s insurance incentive scheme to encourage purchases

Tesla changes China's insurance incentive scheme to encourage purchases

Shanghai/Beijing, November 8 (Reuters) – Tesla Inc. (TSLA.O) said it had raised insurance incentives for car orders in China before Nov. 30, but lowered them for orders next month. The US automaker previously offered an insurance incentive of 7,000 yuan ($970) for orders placed between October 1 and December 30. However, Tesla announced on Tuesday … Read more

US provides grants and loans to expand meat processing capacity

US provides grants and loans to expand meat processing capacity

CHICAGO (Reuters) – The U.S. Department of Agriculture will give small and medium-sized meat processors $73 million in grants to expand capacity and provide more funding through lending programs, Secretary Tom Vilsack said Wednesday. said to The funding is intended to increase competition and stability in the meat industry, which is dominated by a few … Read more

Insurance for Ukrainian grain shipments cut after Russian suspension – source

Insurance for Ukrainian grain shipments cut after Russian suspension - source

LONDON (Reuters) – Insurers are no longer offering new cargo insurance for shipments from Ukraine through the UN-backed secure corridor after Russia stopped participating, industry sources said. an industry source said on Tuesday. An export deal agreed by Russia and Ukraine and brokered by Turkey and the United Nations in July was aimed at alleviating … Read more

LeBron creditors to contest 2020 loan deal

LeBron creditors to contest 2020 loan deal

(Reuters) – Some of Revlon’s creditors have asked a U.S. bankruptcy judge in Manhattan to roll back the bankrupt cosmetics giant’s 2020 loan restructuring. Creditors, including Brigade Capital and Nuveen Asset Management, said in court filings late Monday that LeBron’s bankruptcy proceedings had a huge stake based on “fake” loan deals that took place in … Read more

Ukrainian premiums surpass Iraq war levels, industry sources say

Ukrainian premiums surpass Iraq war levels, industry sources say

LONDON (Reuters) – Insurance for humanitarian workers, journalists and engineers heading to Ukraine has become more expensive and harder to organize than during the Iraq war. After initially nervous about offering coverage in the wake of Russia’s invasion of Ukraine in February, several insurers have become more willing to do so in recent months, industry … Read more