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

Shippers Warned to Stay Away From Iranian Waters as US-Iran Tensions Run High

Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a stark advisory amid heightened tensions between …

Australia’s Climate Risks Are Making Home Insurance Unaffordable

Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher building costs, new research showed. Median home insurance premiums surged 28% to A$1,894 ($1,240) in the year to March 31, …

Ukraine Starts Registering Ships for Black Sea Corridor: Agency

Ukraine, which is seeking to form safe shipping routes in the Black Sea, has started registering ships willing to use the corridor it announced earlier this week, a local news agency said on Saturday [Aug. 12]. Ukraine on Thursday announced …

Russian Warship Fires Warning Shots at Cargo Ship in Black Sea

A Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea as it made its way northwards, the first time Russia has fired on merchant shipping beyond Ukraine since exiting a landmark UN-brokered grain …

NAIC Weighs Overriding Credit-Rating Companies

The National Association of Insurance Commissioners is gearing up to challenge credit graders by overruling ratings on certain assets bought by insurance companies. The NAIC, a consortium of state regulators that sets standards for the insurance industry, is considering overruling …

Rising Flood Risks Threaten Many Water and Sewage Treatment Plants

The crack of a summer thunderstorm once comforted people in Ludlow, Vermont. But that was before a storm dropped eight inches of rain on the village of 2,200 in two days last month. And it was before the devastation of …

ChatGPT Fever Spreads to US Workplace, Sounding Alarm for Some

Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are considering how to best …

Vanderbilt Med Center Facing Civil Rights Probe Over Release of Transgender Records

Vanderbilt University Medical Center is facing a federal civil rights investigation after turning the medical records of transgender patients over to Tennessee’s attorney general, hospital officials have confirmed. The U.S. Department of Health and Human Services` investigation comes just weeks …

Three Georgia Decisions Have Some Comp Attorneys Worried. Claimants Not So Much

After three major Georgia appeals court decisions have gone against employers in the last five years, some insurance defense attorneys are concerned that the state’s workers’ compensation laws have become costly to insurers and businesses, despite years of rate reductions …

Jury Awards $35M to Family of New York Man Who Died After Being Beaten by Police

The family of a Long Island, New York, man who died after being beaten by police with flashlights and fists during a 2008 traffic stop was awarded $35 million in damages by a federal jury last Thursday. Frederick K. Brewington, …