News Archives - Insurance Journal

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20 07, 2023

Failure of Doubler-Plated Hull Likely Caused Sinking of Gloucester Fishing Vessel

By | July 20th, 2023|Uncategorized|Comments Off on Failure of Doubler-Plated Hull Likely Caused Sinking of Gloucester Fishing Vessel

The failure of the doubler-plated hull under the engine room likely caused the flooding and sinking of a fishing vessel near Gloucester, Massachusetts last year, according to an investigative report from the National Transportation Safety Board. The fishing vessel Grace …

20 07, 2023

Gas Leak From Bad Fitting Cited in Chocolate Factory Explosion Where 7 Died

By | July 20th, 2023|Uncategorized|Comments Off on Gas Leak From Bad Fitting Cited in Chocolate Factory Explosion Where 7 Died

Natural gas leaked from a defective fitting at a Pennsylvania chocolate factory where a powerful explosion leveled one building, heavily damaged another and killed seven people, federal safety investigators said Tuesday, while noting they have yet to determine the cause …

20 07, 2023

Cybersecurity Labeling for Smart Devices Aims to Hacking Vulnerabilities for Consumers

By | July 20th, 2023|Uncategorized|Comments Off on Cybersecurity Labeling for Smart Devices Aims to Hacking Vulnerabilities for Consumers

The Biden administration and major consumer technology players on Tuesday launched an effort to put a nationwide cybersecurity certification and labeling program in place to help consumers choose smart devices that are less vulnerable to hacking. Officials likened the new …

20 07, 2023

Russia Issues Warning to Any Ships Traveling to Ukraine’s Black Sea Ports

By | July 20th, 2023|Uncategorized|Comments Off on Russia Issues Warning to Any Ships Traveling to Ukraine’s Black Sea Ports

Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying military cargoes after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports. The …

20 07, 2023

Ukraine Setting Up Temporary Shipping Route After Russia Grain Deal Exit: Official Letter

By | July 20th, 2023|Uncategorized|Comments Off on Ukraine Setting Up Temporary Shipping Route After Russia Grain Deal Exit: Official Letter

Ukraine is setting up a temporary shipping route to maintain grain shipments after Russia quit a deal allowing Ukrainian exports via a UN-backed safe corridor in the Black Sea, Kyiv said on Wednesday. Russia attacked Ukraine’s Black Sea Odesa port …

20 07, 2023

UN Could Start Removing Oil This Week From Decaying Yemen Tanker

By | July 20th, 2023|Uncategorized|Comments Off on UN Could Start Removing Oil This Week From Decaying Yemen Tanker

An operation to start removing some 1.1 million barrels of oil from a decaying tanker moored off Yemen’s coast could start by the end of the week, the United Nations said on Tuesday. U.N. officials have been warning for years …

19 07, 2023

Buffet Company Held Liable for Wildfires Alarms Utility Investors About Exposures

By | July 19th, 2023|Uncategorized|Comments Off on Buffet Company Held Liable for Wildfires Alarms Utility Investors About Exposures

Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting the blazes. But a jury verdict last month ordering …

19 07, 2023

Judge Dismisses Lawsuit Against Police by Mississippi Woman Hit by Stray Bullet

By | July 19th, 2023|Uncategorized|Comments Off on Judge Dismisses Lawsuit Against Police by Mississippi Woman Hit by Stray Bullet

A federal judge has dismissed a lawsuit filed by a Mississippi woman who says she was hit by a stray police bullet while lying in bed. Latasha Smith, 49, was in bed on Dec. 11 when an officer from the …

19 07, 2023

Digital Asset Insurer Evertas Acquires Bitsure, Crypto Mining Insurance Specialist

By | July 19th, 2023|Uncategorized|Comments Off on Digital Asset Insurer Evertas Acquires Bitsure, Crypto Mining Insurance Specialist

Evertas, the Chicago-based dedicated crypto insurance company, announced the acquisition of Bitsure, the world’s first insurer dedicated to coverage for crypto mining operations. Launched in 2021, Cape Town, South Africa-based Bitsure bound its first mining policy in June of 2022, …

19 07, 2023

Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments

By | July 19th, 2023|Uncategorized|Comments Off on Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments

Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior executive told Reuters. The fund exceeded …