Monthly Archives: <span>July 2023</span>

Starbucks Illegally Fired Manhattan Supervisor Over Union Activities, Labor Judge Rules

Starbucks violated U.S. labor law by firing a Manhattan store supervisor who had organized workers to join a union, a federal labor board judge ruled on Monday. The National Labor Relations Board established “striking and strong evidence of animus” behind …

New Jersey High Court to Hear Insurers’ Appeal Over War Exclusion in NotPetya Attack

The New Jersey Supreme Court has agreed to decide whether a hostile/warlike action exclusion in an all risks property insurance policy applies in a case involving insurance coverage for a 2017 Russian cyberattack. The state’s high court will hear an …

Airlines Face Doubling in War Insurance Premiums After Sudan Losses: Sources

Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war after a bruising year wiped out aviation war insurers’ revenue for 2023, industry sources say. Aircraft were destroyed at Khartoum …

Markets/Coverages: New Lloyd’s Syndicate Provides E&S Cover for Calif. Wildfire Risks

Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense Syndicate 1996, which started underwriting on July 1, 2023. Created under Lloyd’s “Syndicate-in-a-Box” program, Wildfire Defense Syndicate 1996 will focus …

Human-Induced Climate Change Plays ‘Overwhelming’ Role in July Heatwaves: Scientists

Human-induced climate change has played an “absolutely overwhelming” role in the extreme heatwaves that have swept across North America, Europe and China this month, according to an assessment by scientists published on Tuesday. Throughout July, extreme weather has caused havoc …

Update: Ship Carrying 3,000 Cars Ablaze off Dutch Coast, One Crewmember Dead

A fire blazed on a ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one member of the crew and injuring several others, the coastguard said. The fire began on Tuesday night on the 199-meter …

Scientists Alarmed About Antarctica’s Unprecedented Lack of Sea Ice Growth

Amid a summer of record heat, the most dramatic impact may be taking place under the cover of Antarctic night. The continent at the bottom of the world normally sees a halo of sea ice grow around it each summer …

Australia Fines Facebook Owner Meta $14M for Failure to Disclose Data Collection

An Australian court ordered Facebook owner Meta Platforms to pay fines totaling A$20 million ($14 million) for collecting user data through a smartphone application advertised as a way to protect privacy without disclosing its actions. Australia’s Federal Court also ordered …

Russia’s Danube Attacks Threaten Ukraine Grain Exports; Ports’ Insurance Rates Rise

Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv’s exports, as Moscow seeks to tighten the noose around a key sector of the economy days after abandoning the Black Sea …

Japanese Used-Car Exec to Step Down After Revelations of Fraudulent Insurance Claims

The president of Japanese used-car dealership Bigmotor Co. Ltd. said he will step down after revelations of fraudulent insurance claims by the company’s repair shops, a scandal that has also ensnared Sompo Japan Insurance Inc. “I deeply apologize to all …