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What a Dark Fleet Tanker Looks Like: 23 Defects, Eight Different Names
A giant oil tanker that was detained in China failed its safety inspection on more than 20 counts, spotlighting the dangers posed by a rapidly expanding fleet of aging vessels sailing the world’s oceans. The ship, currently called the Titan …
POSTED MAY 31, 2023 4:07 PM |
People Moves: Hong Kong’s FWD Names Former SiriusPoint CEO as Group CFO; Lloyd’s Names Beazley’s Turk as Chief Underwriting Officer
This edition of International People Moves details appointments at FWD Group and Lloyd’s of London. A summary of these new hires follows here. Hong Kong’s FWD Group Names Former SiriusPoint CEO as Group CFO FWD Group Holdings Ltd. announced the …
POSTED MAY 31, 2023 3:51 PM |
SEC Seeks to Recover Funds from NC Insurance Agent’s Alleged Investment Scam
The U.S. Securities and Exchange Commission has asked a federal court to bar a North Carolina insurance agent and financial advisor from trading securities and to disgorge ill-gotten gains from a real estate scam, according to court papers filed Tuesday. …
POSTED MAY 31, 2023 3:39 PM |
Markets/Coverages: U.S. Cannabis-Focused MGU Opens for Business in Europe
The North American managing general underwriter CannGen Insurance Services (CannGen) has launched a European operation amid expectations that the continent’s legal cannabis market is set for substantial growth. CannGen Insurance Europe SRL (CGEU) now operates as a property/casualty MGU, providing …
POSTED MAY 31, 2023 3:17 PM |
U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems
The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation …
POSTED MAY 31, 2023 3:12 PM |
Maryland AG Sues 3M, DuPont, Other Manufacturers Over ‘Forever Chemicals’
Maryland Attorney General Anthony G. Brown has filed two lawsuits seeking to hold multiple chemical manufacturers accountable for contamination of the state’s natural resources and harm to public health from their so-called “forever chemicals” that have been used in many …
POSTED MAY 31, 2023 2:01 PM |
$3.1M Settlement Reached in Fatal Shooting of Black Man in Washington
Officials in Tacoma, Washington, will pay $3.1 million to the family of a Black man who was fatally shot by police during a traffic stop in 2019. The City Council announced the settlement with the relatives of 24-year- old Bennie …
POSTED MAY 31, 2023 1:49 PM |
Supreme Court Turns Away Social Media Sex Trafficking Case
The US Supreme Court turned away an appeal from victims of child pornography who claimed Reddit Inc. knowingly facilitates and benefits from images of child sexual abuse. The justices without comment left in place a ruling that affirmed Reddit can’t …
POSTED MAY 31, 2023 1:48 PM |
California Overtime Law Threatens Use of Grazing Goats to Prevent Wildfires
Hundreds of goats munch on long blades of yellow grass on a hillside next to a sprawling townhouse complex. They were hired to clear vegetation that could fuel wildfires as temperatures rise this summer. These voracious herbivores are in high …
POSTED MAY 31, 2023 1:45 PM |
Suspected State-Backed Hackers Hit Series of New Targets in Europe, SE Asia
A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm Group-IB says. The perpetrators, dubbed Dark Pink by …
POSTED MAY 31, 2023 1:42 PM |
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