Daily Market Update

Fracking linked to earthquakes in Canada… US Postal Service hit by cyber attack… Rolling Stones in insurance lawsuit over cancelled Australian dates…

Insurance News

By

Fracking linked to earthquakes in Canada
A scientist in Alberta says that the recent earthquake activity in the region could be the result of fracking. It’s not the first time that seismic disruption has been linked with shale gas and oil extraction but a recent report following a four-year study of the region is the first of its kind in Canada. The “lightly felt” earthquakes on Nov. 2 in the northern part of Alberta and had not been predicted by Natural Resources Canada. University of Alberta seismologist Jeff Gu is one of the authors of the study and says that the area had not seen any activity until relatively recently and although it could have been caused by shifting rock formations, he believes it could be the result of industrial activities. Read the full story.
 
US Postal Service hit by cyber attack
There’s hardly a day goes by without another major organization suffering the disruption and potential reputation damage and lawsuits from a data breach. Yesterday the US Postal Service revealed that it has been hit by a cyber attack with the exposure of personal information of its 800,000 employees. The attack appears to have been going on for two months and appears to have originated in China. The FBI is investigating but says customer’s financial data does not appear to have been compromised. The Postal Service has bolstered its online security as a result of the attack.
 
Rolling Stones in insurance lawsuit over cancelled Australian dates
The Rolling Stones are in Australia and preparing for a gig in Sydney but it’s the cancellation of Australian and New Zealand dates earlier this year that have got the ageing rockers involved in an insurance lawsuit. The gigs were cancelled after the death of Mick Jagger’s girlfriend L’wren Scott but insurers are refusing to pay a $12 million claim by the band and its promoters who have filed a lawsuit in London. Court papers say that Jagger was suffering from extreme stress after and was told by a doctor not to perform for a month. Although L’wren was included on a long list of friends and family members covered by the policy insurers believe she may have been suffering from a pre-existing mental condition which would invalidate the claim.  

Keep up with the latest news and events

Join our mailing list, it’s free!