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A New York-based insurer allegedly has an outsized role in providing coverage to tankers carrying Iranian oil.
Russian oil has been trading above $60 a barrel in Asia for much of this year, raising the prospect of violations for insurers in G-7 nations.
This dependence on western coverage limits Russia's ability to negotiate higher prices for its oil.
A Donald Trump victory in the presidential election is as dangerous as the rising threat of jihadi terrorism, according to the Economist Intelligence Unit.
Corporate Americas pain is U.S. consumers gain. Here's why.
Tumbling oil prices have exposed a weakness in the insurance that some U.S. shale drillers bought to protect themselves against a crash.
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