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Industry News

PERILS Lowers Loss Estimate for December 2018 Sydney Hailstorms to A$633M

PERILS AG disclosed its second loss estimate of A$633 million (US$449.2 million) for the hailstorms which affected the greater Sydney region on Dec. 20, 2018. The estimate also includes the losses from the storm activity in southeastern Queensland on Dec. …
UK Prime Minister to Ask EU for Brexit Delay – But How Much Time Is Needed?

Britain’s messy divorce from the European Union is once again stuck between the demands of Theresa May’s divided government and the reality of what the bloc is willing to offer her — this time over how long the delay to …
Next-to-Last Flight of Lion Air’s Doomed 737 MAX Was Saved by Off-Duty Pilot

As the Lion Air crew fought to control their diving Boeing Co. 737 MAX 8, they got help from an unexpected source: an off-duty pilot who happened to be riding in the cockpit. That extra pilot, who was seated in …
Norsk Hydro Cyber Attack Exposes Risks of Global Supply Chain Disruptions

The ransomware attack crippling one of the world’s top aluminum makers is exposing how crucial sophisticated digital systems have become in the centuries-old industry of turning mined rock into metal products. Following a “severe” cyber-attack on Norsk Hydro ASA’s operations …
Ransomware Attack on Aluminium Producer Norsk Hydro Is Similar to Other Breaches

Norsk Hydro ASA confirmed that a ransomware attack was behind production outages across the aluminum producer’s operations in Europe and the U.S. The perpetrators are still unknown but the work is similar to other recent breaches. The Norwegian company, one …
Alliant to Offer AmWINS Program for Waste Operators, Haulers

AmWINS Group, Inc., a global distributor of specialty insurance products and services, has partnered with Alliant Insurance Services to service the needs of waste clients nationwide. Alliant’s WasteAssure clients, come April 1, will have access to coverage through AmWINS Program …
Why Drivers, Like Pilots, Should Be Trained to Use Autonomous Features

Should drivers using vehicles with autonomous features be trained on those features before they get behind the wheel? A new paper, “What Do We Tell the Drivers? Toward Minimum Driver Training Standards for Partially Automated Cars,” recently published by the …
Regulators Investigating If One Dairy Farm’s Tainted Milk Is Isolated Case or Broader Problem

For Maine dairy farmer Fred Stone, the discovery in 2016 that his cows were producing tainted milk has since brought financial ruin and threatened to shut down a century-old family business. Now state regulators and health experts are investigating whether …
U.S. Safety Agency Weighs Bids for Putting Automated Vehicles on Roads

The U.S. National Highway Traffic Safety Administration said Friday it was seeking public comment on General Motors’ 15-month-old petition seeking approval to deploy a limited number vehicles on U.S. roads without steering wheels or other human controls. The agency also …
RSG Affiliate PERse Opens Miami Office, Makes 3 Staff Appointments

PERse (Power.Energy.Risk), a managing general underwriter specializing in property and casualty insurance products for energy and power production facilities with a specialized focus on renewable energy, has opened a new office in Miami, Fla., and made three key hires to …

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