CYBER LOSSES AND ITS SOLUTION-CYBER INSURANCE: On 27 th June 2017 “Not Petya” Cyber attack had caused significant direct financial loss and business interruption loss to dozens of firms. “Not Petya” is a destructive virus that spread quickly across computer networks, crippling computers by encrypting hard drives so that machines cannot run. The attack caused massive disruptions to the industrial...

Businesses in 2018 will face profound uncertainty because of the increasingly personalized and assertive style of national leaders whose decisions are hard to predict, warns Control Risks, the global specialist risk consultancy. Here are the top five business risks it has identified for this year: Global risks 1) North Korea escalation War on the Korean peninsula is unlikely, but while the...

The London Steam-Ship Owners’ Mutual Insurance Association, also known as the London Club, is facing a $1bn damages claim following a Spanish court order yesterday (15 November) in relation to the tanker Prestige sinking and oil spill in 2002. The Coruna-court order was the latest legal chapter in a long-running saga which, in a controversial appeal court ruling in January...

Article on COMPUTER VISION SYNDROME: Computer Vision Syndrome is a condition resulting from focusing the eyes on a computer or other display device for protracted, uninterrupted periods of time. Some symptoms of CVS include headaches, blurred vision, neck pain, redness in the eyes, fatigue, eye strain, dry eyes, irritated eyes, double vision, vertigo/dizziness, polyopia (multiple vision), and difficulty refocusing the eyes....

“Vessel Casualty Report gives details of vessels which have met with some casualty while carrying cargo from one Port to another and which may have resulted in (i) loss/damage to the cargo carried in the vessel or (ii) General Average Loss/Expenditure. Please go through the Casualty Report and check whether your cargo had been carried in any of the vessels...