A bulletin on the Lloyd’s of London web site (www.lloyds.com) warns that a “major transformer failure can wreak havoc, causing power shortages or outages affecting millions of homes and businesses and costing many millions of pounds.” Transformers are an essential …
Checks on a Japanese oil tanker, damaged by a mystery explosion near the Strait of Hormuz oil shipping route, found a soot-like substance in a large dent in its hull, the Transport Ministry in Tokyo said on Wednesday. (See IJ …
Chartis is expanding Specialty Risk Protector, its professional liability and data network security insurance coverage developed by its Executive Liability division, to give customers access to additional protection for critical network security and privacy risks, greater flexibility in managing data …
Health Care Challenge “While this case raises a host of complex constitutional issues, all seem to distill to the single question of whether or not Congress has the power to regulate — and tax — a citizen’s decision not to …
NAS has expanded its Regulatory Business Interruption (RBI) product to include coverage for mandatory and voluntary evacuation. RBI provides companies with extra expense protection, on a per day basis, for business interruption or interference due to business closure by a …
New York’s face-recognition technology has led to 100 arrests over six months, ranging from people trying to defraud insurance companies to a mob hit man who sought a new identity a day after he was released from prison, Gov. David …
Newark, Calif.-based Risk Management Solutions has enhanced its terrorism risk model, adding in more details for international cities and higher resolution hazard information and refinements to human exposure and building vulnerability based on data from recent attacks. The International Probabilistic …
A suspected militant strike on a Japanese-owned tanker illustrates how vulnerable merchant ships are to attack on the high seas with navies stretched fighting Somali piracy, analysts and shipping sources said on Friday. There have been growing concerns for maritime …
Crime on cruise ships is rare, considering 10 million North Americans sailed last year. But some crime victims believe that justice also is rare — due to overlapping investigative powers, difficulty obtaining evidence and witnesses, and a lack of sworn …
The head of Mitsui O.S.K. Lines Ltd said he does not rule out the possibility that terrorism was behind an explosion that damaged a Japanese supertanker, the Nikkei business daily said on Friday. “We do not have the authority to …
