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

Aircraft Leasing Firm AerCap Files $3.5B Insurance Claim for Jets Stuck in Russia

AerCap Holdings NV, the world’s largest aircraft-leasing firm, is seeking about $3.5 billion from insurers related to jets and engines stuck in Russia following the invasion of Ukraine. The claims were filed last week, Chief Financial Officer Peter Juhas said …

FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat

Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national security, a top FBI official told lawmakers on Tuesday. “The …

Colorado Stadium Fire Torched Seats, Suite Area

Firefighters extinguished a blaze that torched several rows of seats and a suite area at the Denver Broncos’ stadium last week. The fire broke out on the fourth level at Empower Field at Mile High just after 2 p.m. and …

California’s Largest Wildlife Crossing to Reduce Animal Collisions

Groundbreaking is set for next month on what’s billed as the world’s largest wildlife crossing, a bridge over a major Southern California highway that will provide more room to roam for mountain lions and other animals hemmed in by urban …

Honolulu Looking at New Ways to Regulate Vacation Rentals

Honolulu officials are looking at new ways to regulate short-term vacation rentals in residential areas to address not only parking concerns but the need to create affordable, longer-term rentals. A bill approved by the Honolulu City Council’s zoning and planning …

5th Oregon County Declares Drought Emergency

Low water storage and snowpack levels in southern Oregon have prompted a fifth Oregon county to declare a drought emergency. Oregon Public Broadcasting reports Jackson County commissioners made the drought declaration, which follows declarations by Klamath, Jefferson, Morrow and Crook …

Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re

More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured losses stood at slightly more than US$20 billion – more evidence of a large ongoing global insurance protection gap of …

Coterie Insurance Expands Small Business Offerings to Massachusetts

Coterie Insurance, a small business insurtech, announced that its general liability and business owners insurance products are now available in Massachusetts for customers and agencies. Independent agents and brokers writing micro and small businesses in Massachusetts can add Coterie to …

New Hampshire Police Officer Fails in Bid for Qualified Immunity for Truck Driver Arrest

An Ossipee, New Hampshire police officer failed in his bid to have an excessive force and unlawful arrest complaint against him dismissed based on his contention he is entitled to qualified immunity protection. A federal judge found police officer Tyler …

Triple Threat: Ransomware Criminals Add Data Theft, Manipulation to Encryption Tactics

Ransomware criminals are adding even more tools to their toolboxes, and companies are finding it harder to stay on top of the trends, according to guests on the most recent episode of The Insuring Cyber Podcast. Jeff Dennis, partner at …