Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations September 27, 2023 Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim...
Copper Producer Aurubis Says Metal Scam Cost It €185 Million September 22, 2023 By Thomas Biesheuvel Europe’s top copper producer Aurubis AG said a massive scam involving shipments of scrap metal cost it €185 million. Aurubis...
Another Metals Trading House Says It Has Been Hit by a Nickel Fraud August 25, 2023 By Archie Hunter, Alfred Cang and Jonathan Browning Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of...
Markets/Coverages: Insurtech Loadsure Launches Ocean Cargo, Stock Throughput Cover July 21, 2023 Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance”...
Billionaire Reuben Brothers Sue Trafigura Over Nickel Fraud June 19, 2023 By Jack Farchy, Alfred Cang and Joe Deaux Trafigura Group is being sued by the billionaire Reuben brothers, as the fallout of a massive nickel fraud reverberates through...
Markets/Coverages: Insurtech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo April 5, 2023 Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd’s of London....
Does a Shipper Have Duty to Obtain Sufficient Insurance for Goods? February 28, 2023 By Andrew G. Simpson In a dispute over artwork lost in transit, a New York federal judge has ruled that FedEx Ground was liable...
Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud February 10, 2023 By Archie Hunter and Jack Farchy Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought...
400 Groups Urge U.S. Lawmakers to Take ‘Immediate Steps’ to Block Potential Rail Strike November 28, 2022 By David Shepardson More than 400 groups on Monday called on Congress to intervene in an ongoing railroad labor standoff that threatens to...
Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s October 13, 2022 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s...