BI
-
April 24, 2024
Baltimore bridge ship “unseaworthy”, claims city in lawsuit against owners
The city of Baltimore has filed a lawsuit against the operators of container ship Dali, which caused the collapse of…
-
April 23, 2024
Dubai floods put $8bn of aircraft at risk, estimates Russell Group
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms…
-
April 19, 2024
UAE flash flood losses manageable as insurers adapt to changing weather
The recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) is expected to prompt swathes…
-
April 15, 2024
New parametric flood product for US business interruption
A new sensor-enabled parametric flood insurance product to support business interruption coverage in the US has been launched by insurtech…
-
April 2, 2024
UK insureds slowly winning the war on Covid-BI litigation
As Covid-19 business interruption (BI) insurance claims continue to grind their way through the English Courts, UK businesses are slowly…
-
March 27, 2024
Baltimore port closure adds to global supply chain pressure
Global supply chains, already reeling from re-routing ships to avoid attack in the Red Sea, will be further challenged by…
-
March 26, 2024
Non-damage BI parametric weather product launched by Chaucer
Chaucer has launched a new parametric weather product to cover non-damage business interruption. The London-based specialty (re)insurer has partnered with…
-
March 13, 2024
McLarens creates UK entertainment unit with new team hires
Global claims service firm McLarens has launched an entertainment and contingency unit in the UK and Ireland, with a focus…
-
March 8, 2024
Reputation, supply chain and cyber pose biggest risks to global retailers, reveals WTW survey
Global retailers are finding it hard to get the right insurance at an acceptable price as the range of risks…
-
February 13, 2024
Covid BI litigation slowly favouring policyholders but key questions remain
Policyholders continue to make progress in their fight to recover Covid-19 business interruption losses from insurers, although the settlement of…
-
February 8, 2024
After the storm
One year ago, at the annual conference of the French risk and insurance management association AMRAE, the feeling among risk…
-
February 1, 2024
Supply chain risk management not up to scratch at nearly two-thirds of firms, survey finds
Unpredictable demand is currently seen as the number one supply chain headache for European companies, and voted a bigger risk…
-
January 22, 2024
$3trn of trade at risk from Red Sea disruption
Data and analytics firm Russell Group has warned that headwinds are set to blow across the global economy because up…
-
January 22, 2024
QBE Covid BI interest charges a victory for policyholders
The news that QBE paid more than £386,000 to companies for delays in covering Covid-19 related business interruption (BI) losses…
-
January 19, 2024
Policyholders suffer key defeat in Allianz appeal victory
The UK Court of Appeal this week handed down judgment in Various Eateries Trading Ltd v Allianz Insurance Plc, in…
-
January 17, 2024
Tankers divert as war risk premiums jump again for Red Sea route
War risk premiums for shipments through the Red Sea region have jumped to about 1% of the ship‘s value over…
-
January 16, 2024
Red Sea shipping crisis beyond Q1 would severely impact supply chains, warns Allianz Trade
The impact of disruption to the Red Sea shipping route on global supply chains could become “more severe” if it…
-
January 16, 2024
Cyber and BI remain biggest concerns while fears over political threats rise in Allianz Barometer
Cyber and business interruption remain the biggest concern for companies across the world, according to the latest Allianz Risk Barometer.…
-
January 12, 2024
Moody’s RMS estimates Japan quake losses up to $6bn
Moody’s RMS estimates that insured losses from the earthquake that struck the Noto Peninsula in Japan on 1 January will…
-
December 15, 2023
Israel-Gaza conflict triggers further event cancellation coverage restrictions
Following the attack on Israel by Hamas on 7 October and the subsequent war in Gaza, insurers are reviewing cancellation…