Insurance
Australia Court Rules Carnival Negligent Over Cruise’s COVID Risks in Landmark Ruling
A cruise operator that failed to cancel a voyage from Sydney that led to a major COVID-19 outbreak was ruled negligent in its duty of care to passengers in an Australian class-action case Wednesday. The Ruby Princess ocean liner left …
Read More Probe of Damaged Baltic Sea Pipeline, Telecoms Cable Focuses on Chinese-Owned Ship
Estonia’s investigation into a damaged Baltic Sea telecoms cable will focus on the actions of a Chinese-owned vessel, the country’s prosecutor general said, after Finland blamed damage to a nearby pipeline on a ship. Early on Oct. 8, a gas …
Read More EPA Proposes Banning Cancer-Causing Chemical TCE Used in Automotive Care
The U.S. Environmental Protection Agency on Monday proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. The move would end a nearly four decade …
Read More World’s Ghost Fleet in Focus Over US Russian Price-Cap Crackdown
U.S. penalties on shippers transporting Russian oil in breach of the G7’s price cap could push more Russian cargoes onto vessels referred to as the ghost fleet and away from mainstream tankers, shipping sources and analysts told Reuters. The cap …
Read More Israel’s Ashdod Port Toils Under Threat of Rockets as War Risk Insurance Rates Soar
When wailing sirens warn of incoming rockets from Gaza, workers at Israel’s Port of Ashdod stop operations within moments and quickly resume their work minutes later when the all clear is given. It’s an unusual way for a port to …
Read More Conservatives Challenging Nasdaq Board Diversity Rule Appeal to Full 5th Circuit
A conservative group that lost a challenge to Nasdaq’s board diversity disclosure rule appealed the decision on Wednesday, requesting a full court review and saying that the rule discriminates based on race and sex. The rule approved by the U.S. …
Read More People Moves: XPT Taps Jones as VP, to Head Orlando Office
XPT Specialty, a wholesale brokerage with offices in 12 US states, has named Mike Jones senior vice president, based at XPT’s newly established Orlando office. Jones will oversee hybrid managing general agency/brokerage placements for contractors, hospitality, product liablity and liquor, …
Read More Choice Financial Group Acquires SIA Insurance in New Jersey
Choice Financial Group announced it has acquired SIA Insurance in Manasquan, New Jersey. The move marks Choice’s fourth acquisition in New Jersey and adds to Choice’s growing East Coast presence from New Hampshire to Florida. SIA Insurance was formed in …
Read More New York Fed to Present Research on Impact of Extreme Weather Events
The Federal Reserve Bank of New York announced it will release a nine-part blog series on the economic and financial impacts of extreme weather events in the Federal Reserve’s Second District. Starting November 8, the Liberty Street Economics series will …
Read More New York Roofing Contractor Ordered to Provide Fall Protection for Workers
The U.S. Department of Labor has obtained a consent injunction ordering a Rockland County roofing contractor and its principal to provide employees with fall protection equipment and make sure it’s used at all company worksites, as required by federal law. …
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