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Markets/Coverages: Philadelphia Insurance Debuts Platform for Storage Tank Policies

Philadelphia Insurance Companies (PHLY) announced the launch of PHLY TankEAS, a self-service online platform that allows agents and brokers to quote, bind, and issue admitted policies for eligible risks under PHLY’s Storage Tank Environmental Policy (STEP) program. The portal reduces …

We haven't written up this one. Insurance Journal has the full story — the link below goes straight to it.

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Eastar Jet Adds Four China Routes

Starting in October, Eastar Jet will sequentially spread its wings on four Chinese routes departing from Incheon, Busan, and Cheongju.

  • Eastar Jet adds four new China routes starting October 28
  • Routes include Incheon-Xiamen, Busan-Xiamen, Cheongju-Xiamen, and Busan-Hangzhou
  • Expansion aims to distribute demand from Incheon Airport to regional airports

Seoul Bus Union Threatens Strike Over Wages

Seoul city buses are once again on the verge of coming to a halt. The Seoul City Bus Labor Union announced on Sep. 3 that if the ongoing labor dispute mediation between labor and management over the…

  • Seoul bus union threatens full-scale strike by September 16, 2024
  • Union demands further wage increases beyond 10.3% proposal
  • Last strike on Seoul city buses occurred in 2012

Korea, India Explore Critical Mineral Cooperation

The Export-Import Bank of Korea will significantly strengthen partnerships in strategic industries by combining India’s abundant resources with Korea’s advanced technological capabilities.President…

  • Korea and India explore critical mineral cooperation.
  • President Hwang meets Indian Ambassador to discuss economic issues.
  • Cooperation extends to high-tech sectors like AI and clean energy.

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