UK to Ban Maritime Services for Russian LNG Exports
Britain plans to ban companies from providing services such as shipping and insurance for Russian liquefied natural gas exports, in its latest attempt to help Ukraine in its war against Russia by trying to choke off Kremlin revenue. In October, …
Rising Pirate Attacks off Somalia Endanger Key Trade Route
Instability in Yemen and the Horn of Africa is fueling a resurgence in maritime piracy off Somalia, a cause for concern in one of the world’s busiest shipping corridors. At least three recorded incidents have taken place off the Horn …
Australia Spy Chief Warns of China Hackers Probing Networks
Australia’s spy chief has accused hackers working for China’s government of probing his nation’s communications and infrastructure networks. In a speech to a financial regulation conference on Wednesday in Melbourne, Mike Burgess, director-general of the Australian Security Intelligence Organisation, said …
China Prepares to Bring Home 3 Astronauts Stranded After Collision With Space Debris
China has activated emergency plans for three astronauts who are stuck in space after debris crashed into their spacecraft. A safety assessment and other analysis of the Shenzhou-20 spaceship are being organized, the China Manned Space Engineering Office said in …
Hurricane Melissa Shows How Quickly Climate Change Is Outstripping Defenses
Jamaica has invested tens of millions of dollars in bolstering coastal defenses by planting mangroves, building seawalls and strengthening urban infrastructure. It wasn’t close to enough to withstand Hurricane Melissa’s 185-mile-an-hour winds and 13-foot storm surge that destroyed thousands of …
Cyberattack Cripples Asahi Operations, Lifts Rival Brewers
As Japan gears up for its busiest beer-drinking season, the country’s largest brewer is struggling to stay on tap — with its systems still crippled more than a month after a cyberattack disrupted its supply chain. The ransomware attack on …
Texas Voters Rank Rising Homeowners’ Insurance Costs as Top Concern
The rising cost of homeowners’ insurance has emerged as of the top key issues in the minds of Texas voters, according to a recent survey conducted by Texas 2036. When asked about the next election, Texas voters ranked homeowners’ insurance …
Michigan Insurance Agent Charged with Embezzling Funds from Municipalities
A Michigan insurance agent was arraigned on Oct. 31 in Oakland County District Court for allegedly forging letters from his insurance clients to embezzle funds, announced Michigan Attorney General Dana Nessel. Robert Joseph Bucko, 70, of Novi, allegedly collected full …
Reuters EXCLUSIVE: Shell Challenges NY Arbitration Loss on Venture Global LNG
Shell has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, a legal filing seen by Reuters shows, weeks after rival BP won a similar $1 billion-plus arbitration. …
Alliant Acquires Texas’ Highpoint
Alliant Insurance Services has expanded its footprint in Texas with the strategic acquisition of Highpoint Insurance Group, a multi-line broker located in Friendswood. Highpoint Insurance Group, with 44 employees, will operate as Alliant following the acquisition. The firm serves the …
Mobile Lounge Crash Into Dock at Dulles Airport Injures 18 People
A vehicle transporting passengers at a Washington, D.C.-area airport hit a dock at the building Monday afternoon, sending 18 people to the hospital, according to officials. A mobile lounge, which transports passengers between the terminal and aircraft, struck the dock …
New York City Firefighter Dies After Responding to a Five-Alarm Blaze
New York City firefighter died Saturday after suffering a medical episode while battling a five-alarm fire at a Brooklyn apartment building, authorities said. Patrick D. Brady, 42, went into cardiac arrest while working on the roof of the six-story building …
United Airlines Seeks to End Lawsuit Over Windowless ‘Window Seats’
United Airlines has asked a federal judge to dismiss a lawsuit claiming it unfairly charged passengers extra money to sit in “window seats” that, to their surprise, lacked windows. Passengers filed proposed class actions in August against United and Delta …
Buffett Strongly Backs CEO-Designate Abel, Plans to Keep Berkshire Shares
Warren Buffett on Monday assured Berkshire Hathaway shareholders they need not worry about his upcoming departure as chief executive, giving a full-throated endorsement to his successor Greg Abel and promising to remain a major shareholder. In a letter to Berkshire …
People Moves: IUA Names Convex’s Butt as Chair as McDonald’s 2-Year Term Ends
International Underwriting Association Names Convex’s Butt as Chair Theo Butt, chief Executive Officer, UK for Convex Insurance, has been elected as the new chair of the International Underwriting Association (IUA). He will take over from Claire McDonald, chief executive officer …
New York Law Requiring Algorithmic Pricing Disclosure Goes Into Effect
New York Attorney General Letitia James has issued a consumer alert encouraging New Yorkers to report companies not disclosing their use of algorithmic pricing, as a new state law requires. Algorithmic pricing allows companies to automatically adjust prices based on …
Japan Firms Win Big Benefits From Spending on Climate Resilience, CDP Says
Companies in Japan are likely to win greater benefits than global peers from spending on climate resilience, according to CDP, an environmental disclosure nonprofit. Businesses in the nation face disruption risks from issues including earthquakes and flooding, while spells of …
Crews Work to Fix Alaska Native Villages Devastated by Floods
Darrel John watched the final evacuees depart his village on the western coast of Alaska in helicopters and small planes and walked home, avoiding the debris piled on the boardwalks over the swampy land. He is one of seven residents …
People Moves: Wong Named WCIRB Chief Information Officer
The Workers’ Compensation Insurance Rating Bureau of California promoted Christopher Wong to chief information officer. Wong succeeds Eric Riley, who will retire on November 30, following a 39-year career with the WCIRB. Riley held a variety of leadership roles spanning …
MIT Grad Brothers Fraud Jury Unable to Reach a Verdict
A jury was unable to reach a verdict in the fraud trial of two brothers, both recently graduated from the Massachusetts Institute of Technology, who were accused of stealing roughly $25 million in cryptocurrency from traders on the Ethereum blockchain. …