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Trans-Siberian Railway Bridge Resumes Operations After Repair of Flood Damages

MOSCOW — Russia said on Tuesday it had fully restored train travel over a Trans-Siberian railway bridge in its far east that was damaged last week by floods. The world’s longest railway is a strategic transport artery for Russia’s economy, …

Disruptions from Cyber Attack Force S. Africa Port Operator to Declare ‘Force Majeure’

Transnet SOC Ltd., South Africa’s state-owned ports and freight-rail company, declared force majeure at the country’s key container terminals after disruptions caused by a cyber attack five days ago. The measure covers the Durban, Ngqura, Port Elizabeth and Cape Town …

Duke Energy Building Flood Walls Around South Carolina Electric Substation

A utility is building walls around an electric substation to prevent them from being overrun by floodwaters in the first of its kind project in South Carolina. Duke Energy is spending $1.6 million on the Nichols project to protect a …

Chubb Launches Insurance for Offshore Wind Farms

Chubb has announced the launch of an insurance solution for offshore wind farms. Chubb’s Offshore Wind Farm policy has been developed to support green energy providers through the entire offshore wind farm process – from project inception through to energy …

People Moves: J.M. Wilson Promotes Ricks, Councell, Tokarz, Farr, Hans, Mahaffey

J.M. Wilson promoted Mary Ricks and Jennifer Councell to executive fleet underwriters in its Portage, Michigan, office, where they are responsible for underwriting new and renewal transportation fleet submissions (11 plus units), as well as building relationships with independent insurance …

Viewpoint: Is California Serious About Addressing the Wildfire Risk? Not So Much.

Recent state budget actions by California Gov. Gavin Newsom and the state Legislature make a strong argument that the state is not serious about addressing the state’s immense wildfire risk. Unquestionably, California’s wildfire risk is the second biggest problem facing …

U.S. AG Garland Hails Aon-Willis Merger Termination as a ‘Victory for Competition’

U.S. Attorney General Merrick Garland today welcomed the decision by insurance brokers Aon and Willis Towers Watson to terminate their planned $30 billion merger. “This is a victory for competition and for American businesses, and ultimately, for their customers, employees …

Gulfstream Insurance Admits Insolvency, Agrees to Liquidate

Personal residential insurer Gulfstream Property and Casualty Insurance Co. has agreed to liquidate according to a July 22 order signed by the Florida Office of Insurance Regulation. The Florida Department of Financial Services must agree to receivership before the liquidation …

Texas Lifting Insurance-Related COVID-19 Suspensions

A bulletin issued by the Texas Department of Insurance outlines actions the agency is taking to return to the ordinary course of business after Texas Gov. Greg Abbott rescinded suspensions of insurance-related statutes and rules issued in response to the …

Homeownership Study of Minnesota’s Twin Cities Shows Increase in Rentals

A new study found that between 2005 and 2020, the percentage of single family rentals increased by over 10% in North Minneapolis, Southeast Como and parts of St. Paul, with Southeast Como’s rentals changing due, in part, to an aging …

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