
Insurers May Face Record Claims From Aircraft Grounded in Russia
Last week, Russian President Vladimir Putin, with a stroke of his pen, upended the entire aviation industry in one fell swoop. After Bermuda suspended all airworthiness certificates for Russian-operated aircraft on its registry to comply with sanctions against Russia, Putin signed a law to allow regional and national airlines that leased aircraft from foreign companies to list on Russia's registry and 'to ensure the uninterrupted functioning of activities in the field of civil aviation.'
March 28, 2022
Excess & Surplus Lines
Liability

Data On the Road: Tracking Trucking
In the late 1980s, Qualcomm Inc. made a revolutionary change by developing two-way mobile satellite communications and vehicle tracking for the commercial trucking industry. For the first time, a fleet manager could pinpoint the location of one of his assets in real time and communicate with its driver.
March 17, 2022
Excess & Surplus Lines
Technology

Ukraine: How Exposed Are Insurers?
Ukraine (UKR) is one of the largest insured risks for political risk insurance (PRI) and trade credit insurance (TCI). This predates the current situation in Ukraine and started immediately after the country's accession to sovereignty in 1991.
March 2, 2022
Excess & Surplus Lines

The Imminent Death And Rebirth Of Cyber Insurance
We wake up every day to a pattern of record ransoms being paid as well as record increases in cyber-insurance cost. The Bloomington School District in Illinois published its cyber-insurance renewal costs and reported a whopping 334% increase in premiums.
February 24, 2022
Excess & Surplus Lines
Insurance Industry
Technology

Industrial Cybersecurity: Be Informed, Be Very, Very Informed
Thanks to high-profile hacks with visible, real-world consequences like the Colonial Pipeline hack, 2021 will be remembered by many as the year cybercrime prevention started to actually matter.
February 24, 2022
Excess & Surplus Lines
Risk Management
Technology

What Enterprises Should Learn From Merck’s $1.4B Insurance Lawsuit
Earlier this month, pharma-giant Merck won a $1.4 billion lawsuit over insurance companies' duty to pay for the damages stemming from the 2017 NotPetya cyberattack.
February 23, 2022
Excess & Surplus Lines
Risk Management

Cyber Insurance’s Battle With Cyberwarfare
Cyber war is at our digital doorsteps-and if some observers are to be believed, has crossed the threshold and entered our daily existence. While it's certainly true that nation-states across the world now approach cyberspace as another operational domain, what actually constitutes a declaration of war in this dimension is the subject of heated debate.
February 23, 2022
Excess & Surplus Lines
Risk Management

Builders Risk: Acts of God
All insurance professionals have heard of "acts of God" relative to insurance. But what does this phrase mean, and what implications are there for builders risk insurance?
February 18, 2022
Excess & Surplus Lines
Risk Management
Litigation Increases US Commercial Auto Insurance Costs
According to a new report from Insurance Information Institute (Triple-I), social inflation has increased claim payouts for commercial auto insurance liability in the US alone by over $20 billion between 2010 and 2019.
February 16, 2022
Auto
Excess & Surplus Lines

Fire Rages Through Luxury Apartments Under Construction In Oklahoma City
Oklahoma City firefighters battled a large commercial fire at NW 63 and Western Tuesday night and into Wednesday. OKCFD Chief Benny Fulkerson said the structure was a large under-construction apartment complex.
February 9, 2022
Excess & Surplus Lines
Property
Oklahoma
Merck’s $1.4B Insurance Win Splits Cyber From ’Acts Of War’
Merck & Co.'s victory in a legal dispute with insurers over coverage for $1.4 billion in losses from malware known as NotPetya is expected to force insurance policies to more clearly confront responsibility for the fallout from nation-state cyberattacks.
January 21, 2022
Excess & Surplus Lines
Litigation
New Jersey

Cargo Theft Patterns Shift Away From Moving Targets
The risk of theft from storage facilities has increased over the last few months in the United States, according to a report from freight insurance company TT Club and business improvement and standards firm BSI.
January 20, 2022
Excess & Surplus Lines
Cargo Theft From Union Pacific Trains Rampant In Los Angeles
A section of the Union Pacific train tracks in downtown Los Angeles has been littered with thousands of shredded boxes, packages stolen from cargo containers that stop in the area to unload.
January 14, 2022
Excess & Surplus Lines
California

Fire At ExxonMobil Refinery, Four Employees Injured
Harris County Fire Marshal's officials are investigating an overnight fire at the ExxonMobil's Baytown refinery that left four people injured.
December 23, 2021
Excess & Surplus Lines
Workers' Compensation
Texas

Insurer Wants Claims From 2019 Pileup Consolidated In Federal Court
The insurer of the tractor-trailer truck whose driver, according to state police, caused a 59-vehicle pileup on Interstate 80 in December 2019 wants all claims from the crash resolved in federal court.
December 16, 2021
Excess & Surplus Lines
Liability
Litigation
Pennsylvania



