Insurance Journal News Feed

Insurance Journal news feed

1. NATO Allies Foil Russian Subsea Cable Sabotage Plot

   Deep in Arctic waters near the remote Svalbard archipelago this spring, NATO allies caught Russian subs training to unleash a secret weapon designed to disable critical undersea cables without leaving any fingerprints. The clandestine Russian operation, described to Reuters by …

2. Private Credit Investors Clash Over £36 Billion BHP Dam Collapse Litigation

   Two litigation funders are backing rival law firms in a fight for control of a £36 billion ($48.8 billion) suit over one of Brazil’s worst environmental disasters. Law firm Pogust Goodhead brought the UK case against BHP Group Ltd and …

3. Ledger Hires New Security Chief as Crypto Hacks Hit $1.4 Billion

   Ledger SAS, a maker of hardware devices used to store cryptocurrencies, is combining oversight of its internal technology systems and security under a single executive, as a rise in artificial intelligence-fueled crypto attacks pushes companies to rethink their defenses. Paris-based …

4. Hormuz Disruptions Hitting Small Businesses Hardest, UN Trade Agency Warns

   Disruptions in the Strait of Hormuz could push small and medium-sized businesses out of global supply chains, increasing economic concentration and weakening the resilience of international trade, the United Nations Conference on Trade and Development said on Tuesday [Sept. 8]. …

5. UK Airlines Say They’re Left On the Hook for ATC Outage Cost

   UK airlines said they’ll have to foot the bill for the travel chaos caused by a technical glitch at the country’s air-traffic control provider and led to thousands of canceled flights this week. The financial fallout from the fault at …