New Jersey Appeals Court Affirms War Exclusion Does Not Apply to Cyber Attack May 2, 2023 By Andrew G. Simpson The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in...
Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit September 30, 2022 By Andrew G. Simpson An insurer’s war and financial services exclusions relieve it of having to provide coverage for an insured being sued for...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions March 31, 2022 By Carolyn Cohn and Noor Zainab Hussain Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to...
Russian Airlines Could Be Frozen Out of Aircraft Leasing Market After Ukraine War March 29, 2022 By Tim Hepher Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s...
Irish Lessors Terminate All Russian Airline Leases March 29, 2022 All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited...
Analysis – Aircraft Lessors Lose Hope of Getting Back Russian Planes Worth $10B March 28, 2022 By Jamie Freed As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes...
Russian Invasion of Ukraine, Cyberattacks, and War Exclusions in P/C Policies March 25, 2022 By Vincent J. Vitkowsky The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses, in those nations and beyond. Even...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
Russia Offers to Compensate Foreign Lessors of Commandeered Jets March 23, 2022 By Christopher Jasper Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance? March 23, 2022 By Tom Hals Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy...