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 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 …
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 …
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 …
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 …
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 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 …
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 …
Google now faces more than 21 million customers, instead of just a handful, in a lawsuit alleging its app store collects exorbitant fees. A federal judge exponentially increased the Alphabet Inc. unit’s damages exposure by granting class-action status Monday in …
It hasn’t been made official by the governor’s office, but Florida legislative leaders have set a date for a second special session to tackle property insurance issues – Dec. 12 through Dec. 16. Memos from newly sworn Senate and House …
