Russia Says 78 Planes Have Been Seized Abroad After International Sanctions: Report March 22, 2022 Seventy-eight Russian aircraft have been seized abroad, the Interfax news agency quoted Transport Minister Vitaly Savelyev as saying on Tuesday,...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia March 22, 2022 Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of...
India’s Accidental Missile Launch Endangered Dozens of Passenger Jets March 18, 2022 By Anurag Kotoky A missile that was accidentally launched out of India last week fired into the flight path of dozens of commercial...
Aircraft Insurers Brace for Barrage of Russia Claims in Possibly Biggest Aviation Loss March 18, 2022 By Katherine Chiglinsky, Siddharth Philip and Max Reyes Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented...
New Russian Law on Leased Jets Could Help in Claiming Insurance, Air Lease Says March 17, 2022 By Abhijith Ganapavaram A new Russian law on leased aircraft showed Moscow could “confiscate” planes and such a move might help it claim...
Bermuda Suspends Permits for Russian Planes March 16, 2022 Bermuda’s aviation regulator said it is suspending certification of all Russian-operated airplanes registered in the British overseas territory due to...
Aircraft Lessors Face Legal Quagmire on Russia Jet Repos. Will Insurers Provide Relief? March 11, 2022 By Tim Hepher, Engen Tham and Carolyn Cohn Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from...
Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty December 7, 2021 By Mark Hollmer Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2....
UK Prime Minister Warns Climate Change Is Threat to World Security February 25, 2021 By Edith M. Lederer British Prime Minister Boris Johnson warned world leaders Tuesday that climate change is a threat to security of all nations...
The Impact of Political Risks on Businesses October 13, 2020 By Bjoern Reusswig Civil unrest incidents such as protests and riots are challenging terrorism as the main political risk exposure for companies. Recently,...