Ben Norris
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BI
Brokers could be next in line for legal action over Covid-19 claims
Experts have warned that insurance brokers could be next in line for legal action from companies unable to get Covid-19…
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CRE Insurance
Class action claiming £18bn against easyJet for data breach
A class-action lawsuit potentially worth about £18bn has formed against airline easyJet after it revealed a data breach last week.…
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CRE Risk Management
ISO publishes first legal-risk standard
The International Standards Organisation (ISO) has approved the first legal-risk management standard, ISO 31022. It has been in development for…
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Benelux
EC approves Dutch state support for trade credit cover
The European Commission has approved a Dutch guarantee scheme to support the trade credit insurance market in the face of…
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BI
Large corporates in ‘robust discussions’ over Covid-19 BI claims
Large corporates are in “robust discussions” with their insurers and brokers over Covid-19 business interruption (BI) claims, as smaller businesses…
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CRE Insurance
Anchored vessels during pandemic create new risks for maritime sector, warns AGCS
Ships left idle during the Covid-19 pandemic have created a new set of risks for maritime companies, warns Allianz Global…
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CRE Insurance
Risk managers should drop one-dimensional registers
The onslaught of Covid-19 has revealed the pressing need for risk managers and their partners in the insurance sector to…
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Africa
Less than a quarter of firms plan return to old business model post-Covid-19, finds BCI survey
Less than a quarter of organisations plan to go back to their old business model after the Covid-19 pandemic, according…
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CRE Insurance
European insurers and reinsurers stand up to pandemic test, say ratings agencies
The Covid-19 pandemic has tested European insurers’ capitalisation but the sector has weathered the biggest shock since Solvency II was…
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CRE Insurance
Irish data regulator accused of failing to implement GDPR in Facebook investigation
Non-profit organisation noyb.eu has said the Irish Data Protection Commission (DPC) does not “effectively implement EU law” after failing to…
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BI
Pandemic version of TRIA enters US Congress
New legislation to insure American firms against business interruption (BI) losses in future pandemics has been introduced to US Congress,…
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CRE Risk Management
Security risks spike as pandemic lockdowns lift, warns International SOS
Corporates will need to manage emerging and exacerbated security risks from the Covid-19 pandemic as lockdowns lift, according to International…
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Association News
Ferma calls on EU to create framework for pan-European NDBI pooling system
Ferma has called on the EU to create a resilience framework that would include member state insurance pools and coordination…
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CRE Insurance
Covid-19 to extend hard market for up to three years, says WTW
Underwriters are preparing to push through harder rates for the next two to three years, with the pandemic extending tough…
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CRE Risk Management
Construction industry faces up to huge Covid-19 upheaval
The construction industry has been hit hard by Covid-19, which has thrown up or exacerbated a whole range of risks…
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BI
US insurance trade bodies propose federal pandemic scheme
A group of US insurance trade bodies has proposed a federally-backed insurance solution to support businesses financially affected by future…
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CRE Insurance
Generali’s profits plummet on back of €655m Covid-19-related investment hit
Generali has vowed to “significantly” reduce costs and made clear its financial performance will fall below last year, after net…
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CRE Risk Management
Surge in US retirement fund litigation, finds Chubb report
Litigation against fiduciaries of US company retirement schemes have “surged” in the past few years, with legal suits filed against…
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CRE Insurance
WTW names Forsgård as leader of new Nordic structure
Willis Towers Watson (WTW) has named Johan Forsgård as leader of its new Nordic regional structure. As head of Nordics…
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CRE Insurance
Event cancellation market open but capacity and disease cover limited
Despite facing heavy losses, the event cancellation insurance market remains open but capacity is limited and infectious disease cover is…