Source: Business Insurance

October 16, 2019 The Spanish Airports and Air Navigation (AENA) said that 45 flights were cancelled at Barcelona–El Prat Josep Tarradellas Airport in Spain on Oct. 15 due to protests, in addition to the 110 that were cancelled on Oct. 14, Euronews reported citing Reuters. Jordi Munoz, a spokesman for AENA, said that no delays or cancellations are planned for Oct. 16 and Oct. 17.

Source: Business Insurance

October 16, 2019 Swiss International Air Lines AG has grounded its fleet of 29 Airbus A220 jets to check engines after one aircraft encountered technical problems on a flight from London to Geneva on Oct. 15, SWI swissinfo reported citing RTS. “This would lead to a noticeable reduction in Swiss flight operations, as numerous flights would have to be cancelled,” the airline said.

Source: Business Insurance

Insurers and reinsurers in Japan expect typhoon Hagibis-related claims to range from $5 billion to $10 billion, 1asig reports. The typhoon, which hit Japan on Oct. 12, flooded 37,000 homes and led to the cancellation of more than 1,000 flights and trains.

Source: Business Insurance

October 08, 2019 Typhoon Hagibis has reached super typhoon status and is expected to threaten Japan at the end of the week, Artemis reported. The Joint Typhoon Warning Center expects typhoon Hagibis’ sustained winds at 155 miles per hour, with gusts reaching 190mph.

Source: Business Insurance

October 08, 2019 Steel products maker Celsa Manufacturing (U.K.) Ltd. has been fined £1.8 million ($2.2 million) after two engineers died in an explosion at Celsa Steelworks site in Cardiff, PBC Today reports. An investigation by the Health and Safety Executive found that a flammable atmosphere developed within the accumulator where the engineers were working.

Source: Business Insurance

October 08, 2019 Nearly 500 million customers of British Airways PLC are set to initiate mass class action legal action against the company for the Magecart security breach in 2018, The Inquirer reports. The legal action will add to the already high costs that British Airways had to bear when its payment pages were hacked in August and September last year.

Source: Business Insurance

Claire Wilkinson October 07, 2019 U.S. commercial property/casualty insurance rates rose 4% on average in the third quarter of 2019, up from 3% in the second quarter, online insurance exchange MarketScout Corp. said Monday. By industry class, habitational and transportation businesses saw the highest average rate increases at 6% and 7.5%, respectively, MarketScout Corp. said.

Source: Business Insurance

Judy Greenwald October 08, 2019 Pacific Gas & Electric Co. said Tuesday it anticipates a “public safety power shutoff” to more than 600,000 customers across portions of nearly 30 northern, central, coastal and Bay Area California counties beginning Wednesday that may last several days as a “precautionary measure” to reduce wildfire risk in those areas because of windy weather.San Francisco-based PG&E said if it decides to implement the safety shutoff, it would begin turning power off early Wednesday morning. It said based on the latest weather forecast and models, it anticipates the period of peak winds will occur from early Wednesday morning and last through midday Thursday.

Source: Business Insurance

UAE airline reports losses on Boeing 737 Max groundings

Source: Business Insurance

October 01, 2019 U.S. sanctions on China-based Cosco Shipping Tanker (Dalian) Co. Ltd. has led to an immediate rise in the rates of oil tankers, FreightWaves reported. Tanker rates were already elevated following attacks on Saudi oil facilities. The United States has imposed sanctions on the company for allegedly carrying Iranian crude.