Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap January 24, 2019 By L.S. Howard The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues...
France Fines Google $57M for Breaching EU’s Data Privacy Rules Under GDPR January 23, 2019 By Mathieu Rosemain France’s data protection watchdog fined Alphabet’s Google 50 million euros ($57 million) on Monday [Jan. 21] for breaching European Union...
Ship in Black Sea Fire Was Denied Port Entry over U.S. Sanctions Risk: Reuters January 23, 2019 By Damir Khalmetov and Alexander Ershov Two ships ablaze in the Black Sea region, leaving at least 10 crew dead, caught fire while transferring fuel mid-sea...
Volvo Recalls 200,000 Cars to Fix Potential Fuel Leakage Problem January 23, 2019 Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group, is voluntarily recalling about 200,000 cars after it found...
Danske Money Laundering Scandal Damages Denmark’s Reputation: Regulator January 23, 2019 By Frances Schwartzkopff Denmark’s status as one of the world’s least corrupt places has been undermined by the money laundering scandal engulfing its...
Accounting Fraud Pushes UK’s Patisserie Valerie into Insolvency January 23, 2019 By Ellen Milligan U.K. entrepreneur Luke Johnson’s efforts to save Patisserie Valerie failed as an accounting scandal pushed the bakery chain’s parent into...
Commodities Broker Files $284M Suit Alleging Metals Fraud – in Echo of Natixis/Marex Case January 23, 2019 By Eric Onstad Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent...
Warming Oceans Cause Krill to Shift Closer to Antarctica: Scientists January 22, 2019 By Alister Doyle Krill are shifting south towards Antarctica as the oceans warm, disrupting stocks that are eaten by penguins and whales and...
Drone Travel Chaos at Gatwick Airport Cost EasyJet Nearly $20 Million January 22, 2019 By Alistair Smout EasyJet lost 15 million pounds ($19 million) during 36 hours of travel chaos sparked by drones flying into London’s Gatwick...
BHSI Offers Transactional Liability Cover in UK & Europe, Appoints Martin from Enstar January 22, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its North American Transactional Liability Insurance business into the UK and...