Monthly Archives: <span>November 2022</span>

Auto Dealer’s Insurer Not Liable for Auctioneer Employee’s Crash That Killed 5

A tragic accident at a Massachusetts auto auction company is not covered by the insurance of the auto dealer that hired the auction company to sell the vehicle involved in the accident. A federal appeals court has declined to perform …

SMBC Joins List of Aviation Lessors Suing Insurers Over Jets Stuck in Russia

SMBC Aviation Capital has joined most of the world’s largest aircraft lessors in pursuing insurance claims through the courts over jets it owns that are stuck in Russia, an Irish High Court filing showed. Irish-headquartered SMBC recorded an impairment of …

People Moves: Aon Reinsurance Solutions Names New APAC Leaders; Cyber Risk Modeler DeNexus Hires Aguilar as VP of Sales, EMEA

This edition of International People Moves details appointments at Aon Reinsurance Solutions and DeNexus. A summary of these new hires follows here. Aon Reinsurance Solutions Names New APAC Leaders Insurance broker Aon plc announced two new leaders within its Reinsurance …

Surfers Accuse UK Water Companies of Illegally Dumping Raw Sewage

Water companies illegally dumped raw sewage into the UK’s rivers at least 146 times this year, a campaign group called Surfers Against Sewage said. A report by the group argued that most of these discharges, known as “dry spills” because …

Mosaic Insurance Launches Frankfurt Office to Boost European Growth

Bermuda-based Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt, Germany to meet high demand for cyber and transactional liability coverage through Continental Europe. The office marks the sixth for Mosaic since …

Two Rescued After Plane Crashes Into Power Lines, Causes Outages in Maryland

GAITHERSBURG, Md. (AP) —Two people were rescued early Monday more than six hours after their small plane crashed into live power lines, causing widespread outages in Montgomery County, Maryland. Montgomery County Fire Chief Scott Goldstein said the plane got stuck …

Norway to Improve Security Around Submarine Fiber Cables for Oil & Gas Industry

Norway will beef up security around the digital infrastructure that is essential for the Nordic country’s oil and gas production, following the recent sabotage on the Nord Stream pipelines. Norway will spend an additional 43 million kroner ($4.3 million) to …

Risk Theory launches new multifamily habitational program, Jupiter Risk Services.

Dallas, TX., November 23, 2022 — Jupiter Risk Services (Jupiter) has timed the mark perfectly, opening for business during a time many others have greatly reduced capacity or left the market completely. The entry of Jupiter as a national property …

Smart Choice Named an Inc. Power Partner Award Winner

The award recognizes companies that are devoted to providing entrepreneurs with the tools and resources they need to start, run, and grow their businesses. Greensboro, NC., November 29, 2022— Smart Choice® has been named an Inc. Power Partner award winner …

EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants

Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud computing” giants such as Amazon, Microsoft, Google and IBM, the EU said …