BI
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Mactavish index shows UK claims litigation hitting High Court up 14% last year
New data from Mactavish finds that the number of commercial claims disputes going to the UK High Court rose 14%…
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Canadian P&C market stabilising with focus on risk quality
The Canadian property and casualty insurance market has stabilised, with increased competition and a more diversified appetite, says Aon, but…
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Concern over critical infrastructure failure jumps among TMT firms
Cyber incidents (59%) and business interruption (36%) remain the two biggest risks facing technology, media and telecommunications (TMT) companies, but…
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BI and nat cats top risks for construction sector: AGCS Barometer
Business interruption (39%), including supply chain disruption, and natural catastrophes (34%) remain the top two risks facing the construction and…
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Slightly below average hurricane season forecast
Colorado State University expects the 2023 Atlantic hurricane season to be slightly less active than normal. It forecasts 13 named…
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New forensic accounting service launched by Davies
Davies has launched a new forensic accounting service that will provide expertise on a list of issues including business interruption,…
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Former AMRAE president concerned about commitment from insurers in face of systemic risk
Former Amrae president Brigitte Bouquot is concerned about the commitment of the commercial insurance market and urges all parties to…
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BI insurance protection ‘wafer-thin patchwork’ for supply chain risk
A survey of supply-chain risk decision makers at large companies around the world by WTW has revealed that most suffered…
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US mall owner wins Covid BI case but insureds lose again elsewhere
A federal district court has refused to dismiss Covid-19-related business interruption (BI) coverage litigation filed by a shopping mall owner…
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Moody’s RMS says Turkey quake losses likely to top $5bn
Moody’s RMS believes insured losses from the earthquakes that struck Turkey on 6 February will likely exceed $5bn, with economic…
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Reinsurance renewals bring little comfort to insurance buyers
As the dust settles on the latest reinsurance renewal season, what does it all mean for multinationals and risk managers?…
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Strikes, riots and civil commotion exclusions set to widen
A tightening of terms and conditions in the reinsurance market is set to make things tricky for primary buyers during…
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Turkey-Syria earthquake insured losses could reach $1bn: Fitch
Insured losses from the earthquakes in Turkey and Syria are likely to be around $1bn, with most of the cost…
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Turkey’s port fire to bring $679m in trade losses: Russell Group
A large container fire at Turkey’s Iskenderun port caused by the country’s powerful earthquakes will drive trade losses of $679m,…
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Hard cat market risks eroding value of insurance, warns leading broker
The hard property catastrophe risk transfer market is likely to further devalue corporate insurance and raise further questions about the…
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Preparing for the storm
Ahead of the annual AMRAE conference and following a year of record storm-related losses, BELFOR outlines the need to be…
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WTW survey finds 69% of large hospitality firms unhappy with insurance cover
Some 69% of risk managers and CEOs from leisure and hospitality sectors worldwide say they don’t have access to the…
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Pool Re in discussions to extend remit to cyber risk: report
Pool Re has held talks with its government to extend the UK terrorism backstop’s remit to cover state-sponsored and war-related…
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BI and cyber top risk list for Americas and Asia Pac in Allianz Risk Barometer
The two most important business risks in the Americas and Asia-Pacific in 2023 are business interruption and cyber incidents, according…
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Concern jumps over macroeconomic risks but cyber and BI retain top spots: Allianz Barometer
Macroeconomic risks and the energy crisis have shot up the ranking, but cyber and business interruption (BI) remain the top…