Bloomberg - BP Plc (BP/), which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, asked a Texas court to let it tap into $750 million in Transocean Ltd. (RIG)s insurance policies on the doomed Deepwater Horizon rig. BP filed claims with Transoceans carriers in 2010, seeking to tap a $50 million primary policy issued by Ranger Insurance and $700 million in excess coverage from Lloyds of London and other underwriters. The carriers asked the court overseeing the spill litigation to rule that BP wasnt entitled to unlimited access to Transoceans insurance.
Wednesday, September 17, 2014
Reuters - Tropical Storm Polo is forecast to become a hurricane off Mexicos Pacific Coast on Thursday, the U.S. National Hurricane Center (NHC) said, just days after a severe storm battered the Baja California peninsula. As of Tuesday afternoon, Polo was about 260 miles (418 km) south of Mexicos beach resort of Acapulco and moving in a northwesterly direction at 12 miles per hour (19 km per hour), the NHC said. It added that the storm had maximum sustained winds of 45 mph, with some strengthening expected as it moves almost parallel along the southwestern coast of Mexico through Thursday.
Wednesday, September 17, 2014
Insurance Journal - For all the Atlantic Ocean’s composure this hurricane season, the eastern Pacific is turbulent after already producing its 15th storm. Tropical Storm Odile formed southwest of Lazaro Cardenas, Mexico, yesterday, almost a full month before its 15th storm formed last year. As that was happening, forecasters were watching a 16th potential storm farther in the Pacific. In the Atlantic, the day came and went with nothing more than a little rain far out to sea.
Thursday, September 11, 2014
CBS News - Southern California is seeing the kind of epic surf usually associated with Hawaii or Tahiti. Beaches are thronged with wave riders and crowds are coming to watch the action, even as seaside communities try to stave off damage from the ocean onslaught. The waves caused at least one death, a surfer in his 40s who died Tuesday at a hospital after he was rescued by Los Angeles County Lifeguards at nearby Surfrider Beach, reports CBS Los Angeles. And a well-known lifeguard cottage known as Cove House crumbed into the water, the station says.
Friday, August 29, 2014
JOC.com - he International Maritime Bureau said the threat of cyberattacks in the maritime sector has intensified in the past few months, as shipping and supply chains become the “next playground for hackers.” Cyber-security experts and media are warning of the dangers posed by criminals targeting carriers, ports, terminals and other transportation operators, IMB said. They argue that while IT systems have become more sophisticated, thus enabling companies to better protect themselves against fraud and theft, it has also left them more vulnerable to cyber criminals.
Tuesday, August 26, 2014
Canadian Underwriter - Hurricane forecasters are predicting "below-average hurricane activity for the remainder of the 2014," due in part to cooler-than-average ocean temperatures on part of the north Atlantic, Willis Re. Inc. suggested in a recent report."U.S. landfall probability estimates continue to be low this year, though caution should be exercised due to a recent run of poor U.S. landfall forecasts," Willis Re said in its 2014 Atlantic Hurricane Season Outlook, released Aug. 15.
Monday, August 18, 2014
Bloomberg - Antarctica glaciers melting because of global warming may push up sea levels faster than previously believed, potentially threatening megacities including New York and Shanghai, researchers in Germany said. Antarctica’s ice discharge may raise sea levels as much as 37 centimeters (14.6 inches) this century if the output of greenhouse gases continues to grow, according to a study led by the Potsdam Institute for Climate Impact Research. The increase may be as little as 1 centimeter, they said. “This is a big range, which is exactly why we call it a risk,” Anders Levermann, the study’s lead author, said in a statement.
Friday, August 15, 2014
Science World Report - Weather extremes are continuing to cause problems across the world. Hotter summers, colder winters and stronger storms can play havoc on populations. While human-caused global warming might explain a gradual increase in periods of severe heat, though, other events are not so easily explained. Now, scientists may have found an answer. "The large number of recent high-impact extreme weather events has struck and puzzled us," said Dim Coumou, lead author of the new study, in a news release. "Of course we are warming our atmosphere by emitting CO2 from fossil fuels, but the increase in devastating heat waves in regions like Europe or the U.S. seems disproportionate."
Wednesday, August 13, 2014
ABC News - Iselle was supposed to weaken as it slowly trudged west across the Pacific. It didnt and now Hawaii is poised to take its first direct hurricane hit in 22 years. State officials are assuring the islands are ready and people should prepare but not panic. Tourists wonder whether their flights and activities would be disrupted and tried to get in some last-minute beach time before the surfs up, but ugly. And residents are making bottled water tougher to find than a cheap fruity cocktail. "Everybody says this is the last day of good weather, so we came down to the beach," said Shonna Snodgrass, a tourist in Waikiki visiting from Stafford, Virginia.
Thursday, August 07, 2014
KOMO News - A Coast Guard crew rescued a man in heavy fog Sunday after his vessel burst into flames in the waters off Neah Bay. Rescuers responded to the scene, about three miles north of Neah Bay, after Coast Guard watch standers in Seattle received a mayday call on VHF-FM channel 16 from the operator of the 25-foot pleasure craft Dawn Trader around 11 a.m. The man reported that the vessel was on fire and he was donning a survival suit and abandoning ship into his life raft. A Coast Guard helicopter crew from Port Angeles and rescue boat from Neah Bay were launched in response.
Tuesday, August 05, 2014