In response to recent events in Ukraine, and in light of sanctions imposed against Russia and Belarus, Munich Re Syndicate Underwriters have taken the position that coverage for any shipment by U.S. and Canadian based client(s) to and/or from these countries is strictly prohibited. Further, coverage for the importation of any goods originating in Russia, […]
Read MoreRussian import bookings declined 40% over the past week and will obviously fall further after growing ~64% in 2021 from the previous year, resulting in a 75% increase in goods by value, according to the Census Bureau. This put the imported goods value at its highest level since 2012. This direct economic hit will more than […]
Read MoreThe U.S. economy is in the throes of a virulent bout of inflation. In January 2022, the consumer price index (CPI) was up 7.5% from a year earlier, the largest increase in nearly 40 years. This inflation surge was unexpected by most forecasters, financial market participants and monetary policymakers. Now, however, cognizant of the dangers […]
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