Amazon, Microsoft and Alphabet’s Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now the companies are coming under shareholder pressure over the environmental impact of their projects. More than a dozen investors are cranking …
Investors Press Amazon, Microsoft and Google on Water, Power Use in Data Centers Read More »
A U.S. judge on Tuesday rejected UBS’ bid to clarify a $1.25 billion settlement from 1999 of Holocaust-related litigation against Swiss banks by shielding it from claims based on new revelations about Nazi-linked accounts. U.S. District Judge Edward Korman in …
UBS Loses Bid to Limit Liability for Nazi-Linked Crimes, Judge’s Ruling Shows Read More »
Russian government-linked hackers are compromising popular internet routers to steal passwords for email accounts and other online services, the UK’s National Cyber Security Centre has warned. The hackers, a group known as APT28, are associated with Russia’s GRU military intelligence …
Russia-Linked Hackers Hijack Routers to Steal Passwords, UK Says Read More »
Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuz after a two-week ceasefire agreed between the U.S. and Iran, but said that resuming normal traffic throughout its network would take at least …
Resuming Normal Shipping to Take 6-8 Weeks Once Middle East Stabilizes: Hapag-Lloyd Read More »
Insurance broker Marsh Risk, the Marsh subsidiary, announced that its Cyber ECHO facility now provides Marsh clients with up to $200 million of cyber insurance. Marsh Risk describes Cyber ECHO as the largest cyber insurance facility of its kind in …
Markets/Coverages: Marsh Risk Enhances Cyber Facility With up to $200M of Capacity Read More »
It’s no longer just a hypothesis that more and larger natural disasters, along with general inflation and social inflation, are driving up insurers’ claims costs. While underwriters continue to dial in products for today’s emerging risks, claims costs continue to …
5 Ways to Reduce Operating Costs and Get More Control Over Your Insurance Loss Ratio Read More »
Maersk said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in the Strait of Hormuz, but did not yet provide enough security certainty to resume normal operations. “At this point, we …
Maersk Cautious on Strait of Hormuz Shipping Despite US-Iran Ceasefire Read More »
The United States and Iran have agreed to a two-week ceasefire, reaching a deal less than two hours before President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz or face the wiping out of “a whole civilization.” …
US, Iran Agree to Two-Week Ceasefire With Reopening of Strait of Hormuz Read More »
Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz, potentially opening an exit for more than 800 vessels trapped in the Persian Gulf. The vital waterway has been virtually …
Shipowners Eye Hormuz Truce With 800 Vessels Still Trapped Read More »
We live in risky times. War with Iran, the ongoing conflict between Russia and Ukraine, Mexican cartels—global tensions are at an all-time high. The Department of State is advising Americans worldwide to exercise increased caution. And yet, C-suite and other …
Traveling for Business? Don’t Forget to Pack Your Emergency Preparedness Plan Read More »
