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Regulation & Compliance: Page 380
Marine Cargo Insurance Market Rocked by Large Losses, Especially Tianjin
Large cargo losses are having a significant impact on the marine insurance sector, says Nick Derrick, chairman of International Union of Marine Insurance's cargo committee. He spoke in Berlin, at IUMI's annual conference.
Consumers Rack Up Retail Sales, Apparently Unconcerned About Volatility in Financial World
Retail sales in the U.S. climbed for a second straight month, a sign consumers may be looking past recent volatility in financial markets.
Insurance Damage Caused by Tianjin Blasts Could Top $3Bn
New York reinsurance broker Guy Carpenter & Company has estimated that it could cost $3.3bn to cover the extent of losses associated with the Tianjin explosions.
Sweden Plans to Introduce Tonnage Tax in Summer of 2016
The Swedish government has proposed a tonnage tax system that means Swedish shipping companies will operate under competitive conditions similar to companies in other countries in Europe. The tonnage tax would be introduced in summer 2016.
Exports From U.S. Foreign-Trade Zones Hits All-time High of $99Bn in 2014
The value of exports from America's foreign-trade zones (FTZs) increased by 24.8 percent in 2014, to a record $99.2bn in merchandise exported, according to figures released by the U.S. Foreign-Trade Zones Board in its recent Annual Report to Congress. The 2014 export figure also represents a threefold growth of FTZ exports in the five years since 2009.
Supplier Compliance Programs: The Gap Between Talk and Walk
Companies say they have effective supplier compliance programs in place. But reality says something quite different.
Progress Reported in Making Bangladesh Apparel Factories Safer for Workers, NRF Says
National Retail Federation executives returning from a visit to Bangladesh said a report issued by the Alliance for Bangladesh Worker Safety reflects improvements in garment worker safety they saw during tours of factories and other facilities.
Screening Solution Expected to Reduce Risk Worldwide for Jacobs Douwe Egberts Coffee, Tea Business
Jacobs Douwe Egberts, in the process of developing a global corporate compliance strategy, has adopted the Amber Road trade management solution to enable restricted-party screening.
Vessels in or Near Tianjin Explosions May Be Contaminated With Hazardous Chemicals, Maritime Administration Warns
The United States Maritime Administration has issued Advisory 2015-02 concerning possible contamination by hazardous materials caused by the explosions that occurred last month at the Port of Tianjin, in China.
Labelmaster Issues New Emergency Response Guidebook
Labelmaster has developed the 2016 edition of its Emergency Response Guidebook.
Britain's Prime Minister Promises Fines if Employers Don't Pay 'Living Wage'
As the push for higher minimum pay builds momentum on both sides of the Atlantic, Prime Minister David Cameron of Britain this week threatened companies with tough fines if they fail to pay what he called a "national living wage."
Freight Brokering Industry Flourishes as Bond Renewal Period Approaches
Thousands of brokers are currently in active search for the best freight broker bond renewal deal on the market. The reason for the shopping spree is that renewed freight broker bonds are an indispensable requirement to stay compliant and licensed for the new season.
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