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Insurance

Cyber Attack Against Australia Port Operator Causes Massive Container Backlog

By Hometown Insurance | November 13, 2023
DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company resumes operations after a cyberattack. Friday’s hack on DP World, one of the world’s largest port operators, …
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EU Court Sides With Car Service Firms in Data Fight With Sweden Truck Maker Scania

By Hometown Insurance | November 13, 2023
Swedish truck maker Scania must share car data, such as vehicle identification numbers, with repair shops and parts distributors, Europe’s top court said on Thursday in a ruling that could provide a boost for the latter looking to tap a …
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Russia Flagship Carrier Aeroflot Says It Reached Settlement With Aircraft Leasing Firm

By Hometown Insurance | November 13, 2023
Russian flagship carrier Aeroflot said on Thursday it had clinched a settlement with leasing company BOC Aviation under which nine aircraft are to be handed over to Russian state insurance company NSK. A statement issued by Aeroflot said NSK would …
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Freight Costs for Ships in Ukraine’s Export Corridor Ease Back to Former Levels

By Hometown Insurance | November 13, 2023
Freight costs for ships in Ukraine’s alternative export corridor have eased back to their former levels, a government source said on Friday, after brokers said earlier they had risen following an attack on a cargo vessel in the Black Sea …
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Bank of England to Deepen System-Wide Stress Test for Banks, Insurers

By Hometown Insurance | November 13, 2023
The Bank of England said on Friday it would start the second leg to its first system-wide stress test of how banks, insurers, pension schemes and clearing houses collectively cope with shocks involving interest rates and risky asset prices over …
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Former NFL Cornerback Among Six Killed in Crash in Downtown Houston

By Hometown Insurance | November 13, 2023
HOUSTON (AP) – A crash at a red light killed six people including former NFL cornerback D.J. Hayden in downtown Houston early Saturday. The two-vehicle crash occurred about 2 a.m. when a Chrysler 300, apparently “going very fast, high velocity,” …
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Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets

By Hometown Insurance | November 13, 2023
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets. So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have typically …
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Ransomware Gang Lockbit Posts What It Says Is Boeing Data on Site

By Hometown Insurance | November 13, 2023
The notorious hacking gang Lockbit has posted what it described as documents belonging to Boeing Co. on its website, two weeks after claiming credit for a cyberattack against the aircraft manufacturer. LockBit recently posted the documents on the dark web …
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Russia-Linked Hackers Claim Credit for OpenAI Outage

By Hometown Insurance | November 13, 2023
A hacking group linked to Russia claimed responsibility for attacks that periodically forced OpenAI’s ChatGPT offline last week, saying it targeted the company due to its support of Israel. The group, which calls itself Anonymous Sudan, said in a post …
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Business Groups Sue Labor Board to Block Contract, Franchise Worker Rule

By Hometown Insurance | November 13, 2023
Several major U.S. business groups sued a federal labor board on Nov. 9, seeking to strike down a rule treating many companies as employers of contract and franchise workers and requiring them to bargain with their unions. The groups led …
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