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Archive: September 2024

Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows
Insurance Journal | September 30, 2024
Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows
The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday. The source of the LNG and Palau-flagged Pioneer’s …
Southern Water’s Credit Risk at Record High Amid Thames Water Woes
Insurance Journal | September 30, 2024
Southern Water’s Credit Risk at Record High Amid Thames Water Woes
Southern Water’s credit risk has soared to a record high in recent days as hedge funds scramble to protect themselves against the possibility of default at the UK water company. The curve on the utility firm’s credit default swaps is …
Taiwan Warns of Storm Surge From Powerful Typhoon Krathon, Mobilizes Troops
Insurance Journal | September 30, 2024
Taiwan Warns of Storm Surge From Powerful Typhoon Krathon, Mobilizes Troops
Taiwan mobilized nearly 40,000 troops on Tuesday to bolster rescue efforts as the powerful Typhoon Krathon approaching its populous southwest coast is expected to bring a storm surge and the coast guard raced to locate 19 sailors who abandoned ship. …
New Orleans, DOJ Move to End Police Department’s Consent Decree
Insurance Journal | September 30, 2024
New Orleans, DOJ Move to End Police Department’s Consent Decree
NEW ORLEANS (AP) — New Orleans and the U.S. Department of Justice filed a motion Friday in federal court to take steps to end long-standing federal oversight of the city’s police department. The city and the federal government had agreed …
Texas Farmers and Ranchers Sound Alarm Over Languishing Farm Bill
Insurance Journal | September 30, 2024
Texas Farmers and Ranchers Sound Alarm Over Languishing Farm Bill
LUBBOCK — Federal lawmakers are sounding the alarm on the economic catastrophe that could happen if a new farm bill isn’t passed by the end of this year, now that the 2018 version has officially expired. Since it was introduced …
Appeals Court Sends Back Part of Dakota Access Pipeline Protestor’s Excessive Force Lawsuit
Insurance Journal | September 30, 2024
Appeals Court Sends Back Part of Dakota Access Pipeline Protestor’s Excessive Force Lawsuit
BISMARCK, N.D. (AP) — An appeals court has sent back part of a lawsuit brought by a protester of the Dakota Access oil pipeline, who alleged excessive force by law enforcement officers. Eric Poemoceah, of Oklahoma, filed the federal court …
OSHA Cites Company for Multiple Safety Violations Following Cargo Hold Fire in Ohio
Insurance Journal | September 30, 2024
OSHA Cites Company for Multiple Safety Violations Following Cargo Hold Fire in Ohio
Federal safety inspectors found a crew working aboard the Cuyahoga, a commercial iron ore vessel moored at the Port of Ashtabula, narrowly avoided disaster after a large fire erupted as they welded off paint in a cargo hold, an incident …
Thieves Hunting for Copper Are Vandalizing American EV Chargers
Insurance Journal | September 30, 2024
Thieves Hunting for Copper Are Vandalizing American EV Chargers
Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to the company’s laboratory in San Jose, California, where he dons safety glasses …
Biden Approves Disaster Declaration for Vermont for Late July Flooding
Insurance Journal | September 30, 2024
Biden Approves Disaster Declaration for Vermont for Late July Flooding
President Joe Biden has approved a major disaster declaration for the severe flooding that hit northeastern Vermont in late July. The declaration makes federal funding available to help communities and individuals in Caledonia, Essex, and Orleans counties recover from damages …
Insured Losses Top $5B With Heavy Flooding But Few Covered by Flood Insurance
Insurance Journal | September 30, 2024
Insured Losses Top $5B With Heavy Flooding But Few Covered by Flood Insurance
Estimates of insured losses from Hurricane Helene continue to range around $5 billion, not including flood insurance losses, as the death toll in the Southeast continued to rise, approaching 100 by Monday morning. In Florida, the state Office of Insurance …