INSURANCE NEWS
Expert: ‘Active Year Worldwide’ for Rapid Hurricane Intensification
While only three hurricanes made landfall in the United States this year, rapidly intensifying hurricanes in the Atlantic and Pacific oceans charted near the top of record lists in 2023. Each of the year’s major Atlantic hurricanes — Lee, Idalia …
Parts of South Carolina and Florida Recovering after Flooding, Winds
GEORGETOWN, S.C. (AP) — An intense late-year storm barreled up the East Coast on Sunday with heavy rains and strong winds that shattered rainfall records, forced water rescues from flooded streets and washed out holiday celebrations. Authorities rescued dozens of …
Child Survives After Tennessee Tornado Threw Him into a Tree
CLARKSVILLE, Tenn. (AP) — A 4-month-old boy has survived after a tornado in Tennessee sucked him up from his family`s mobile home, which was demolished in the storm. Sydney Moore told WSMV-TV that when the tornado hit their home in …
Apple to Halt US Sales of Series 9, Ultra 2 Smartwatches Over Patent Dispute
Apple said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on …
Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date
The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish line. Under …
Magnitude 6.2 Quake Kills More Than 100 in China’s Northwest
Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an earthquake that left more than 100 people dead. The 6.2-magnitude quake late Monday killed 105 people in Gansu and …
Climate Activists, Greenpeace and Uplift, Sue UK Over Rosebank Oil Field
Greenpeace UK and climate campaigner Uplift filed separate legal challenges in Scotland seeking to rescind government approval for the Rosebank oil development in the North Sea. Equinor ASA and partner Ithaca Energy Plc said they would make a final investment …
Kansas Courts’ Computer Systems Are starting to Come Back Online Following Cyberattack
TOPEKA, Kan. (AP) – The court system in Kansas has started bringing its computer system for managing cases back online, two months after a foreign cyberattack forced officials to shut it down along with public access to documents and other …
Shadow-Fleet Oil Tanker Insurer Gets Shut Down by Marshall Islands
A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off the coast of Indonesia — was shut down by the Marshall Islands, the firm’s only published address. The Continental Steamship …
Red Sea Merchant Shipping Starts to Grind to a Halt as Houthis Step Up Attacks
Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as violence linked to the Israel-Hamas war threatens to undermine the global economy. Two European oil and gas giants said …
Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela
One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela. The decision announced by Lloyd’s Market Association’s Joint War Committee on Monday applies only to …
Vans Owner VF Corp’s Order Fulfillment Operations Hit by Cyber Incident
VF Corp. said on Monday it was investigating “unauthorized” activity on its computer systems that disrupted some operations, including the ability of the Vans sneaker maker to fulfill global customer orders on its e-commerce site. Shares of VF Corp were …