A LONG-AWAITED JUSTICE IS NOW OVER

11 Jun 21, The apex court in India gave a ruling on 8 Apr 21 for the compensation to the bereaved families of the two Indian fishermen who were shot dead in 2012, by the Italian Marine off the court of Kerala on a suspect that they were sea pirates.  As published by Hindustan Times we were informed that Centre’s compliance affidavit dated January 5, which HT has seen and reviewed, the Italian government offered to pay a total of ₹10 crores in damages. The families of the two deceased fishermen have agreed to compensation of ₹4 crores each in addition to the ₹2 crores already paid by the Italian government. The injured owner of the boat had also consented to receive damages of ₹2 crores..

NETHERLANDS COURT´S JUDGMENT ORDERS OIL COMPANY GIANT SHELL TO CUT DOWN CARBON EMISSIONS.

As published by company’s “Solvency and Financial Condition” report for the year 20 Feb 2020 – 20 Feb 2021,the technical account is negative USD 31.1 million and USD 28.2 million, respectively, and has been significantly influenced by increased and new pool claims from other members of the International Group, alongside some own large claims within the club retention. Skuld has also been affected by some COVID-19 related claims within the cruise industry. Mutual rates have not been sustainable for some time and Skuld have started the work to bring the portfolio back into balance through improved rates for the policy year 2021. Skuld’s commercial lines of business continue however to deliver positive results which partly offsets the challenging state of the mutual market..

NORWEGIAN INSURANCE COMPANY SKULD REPORTS A 31 MILLION USD LOSS.

As published by company’s “Solvency and Financial Condition” report for the year 20 Feb 2020 – 20 Feb 2021,the technical account is negative USD 31.1 million and USD 28.2 million, respectively, and has been significantly influenced by increased and new pool claims from other members of the International Group, alongside some own large claims within the club retention. Skuld has also been affected by some COVID-19 related claims within the cruise industry. Mutual rates have not been sustainable for some time and Skuld have started the work to bring the portfolio back into balance through improved rates for the policy year 2021. Skuld’s commercial lines of business continue however to deliver positive results which partly offsets the challenging state of the mutual market.