The Federation of European Risk Management Associations (Ferma) has called for “enhanced” understanding of the insurance needs of European businesses to help them battle through the current pandemic and recover afterwards. The federation also said it does not think the retrospective extension of business interruption (BI) policies to include excluded pandemic risks as suggested in the US is a good…
South African risk managers have been warned that businesses face an upturn in the threat of social unrest and crime as the country remains locked down to cope with Covid-19. The Institute of Risk Management South Africa has highlighted two of the most significant risks to have emerged from this pandemic – the potential of social unrest and a likely…
The coronavirus pandemic is artificially containing civil unrest in Latin America, but postponed elections threaten a stronger backlash once containment measures are lifted, according to a new report from Verisk Maplecroft. Many Latin American states have enforced measures to contain the spread of Covid-19, including limiting civil liberties and potential delays, or postponements, to elections. Verisk Maplecroft expects the pandemic…
Italian risk management association Anra is holding its second webinar on how to cope with the impact of the current coronavirus pandemic and will this time focus on the longer-term impacts and what companies need to plan for when the lockdown is finally lifted. The Italian-language discussion takes place on the morning of 9 April and will be followed by…
The Federation of European Risk Management Associations (Ferma) has urged brokers and insurers to find ways to support clients who are struggling to pay premiums on time or in full because of the strains caused by the coronavirus pandemic. This follows a similar statement issued by Belgian risk management association Belrim that asked insurers and brokers to take “supportive measures”,…
Most corporate insurance managers will be focusing on how, if possible, to call on their liability coverage to help their company through the current pandemic, but they also need to act on the property risks posed to their mothballed production facilities and industrial plants or face some potentially nasty surprises, warns Allianz Global Corporate & Specialty (AGCS). “Many companies are…
Aon has launched an interactive tool to help companies measure the effects of Covid-19 on their workforce. It has initially been rolled out in the US but will be expanded globally. The model and map help companies measure absenteeism, anticipate medical costs and identify where operations could be shifted. The Covid-19 Employee Impact Model tool gives a state-by-state analysis of…
Thomas Miller has appointed Ross Dennett as chairman of Thomas Miller (Isle of Man) Limited. He took over the role on 1 April 2020 from Rod Lingard, who is retiring after more than 30 years with the group. Mr Dennett is a member of the Thomas Miller (Isle of Man) management team and was managing director of Thomas Miller Captive…
The powerful greenhouse gas methane is leaking from heavy industrial sites around the world at a rate equivalent to the total annual combined CO2emissions of Germany and France, according to observations made possible by new satellite technology. Kayrros SAS, a global asset observation platform, uses data from the European Space Agency’s satellites, in combination with a detection and quantification model,…
The European Court of Justice (ECJ) could allow EU owners of cars embroiled in the dieselgate scandal to sue manufacturers in their national courts, where the vehicle was bought. The ECJ is considering a new legal opinion and typically takes up to four months to return its position. The opinion, by advocate general Campos Sánchez-Bordona, was presented to the ECJ…