BI
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Heat and floods risk wiping $65bn from clothing exports
Extreme heat and flooding in four of the world’s largest fashion manufacturing countries puts at risk an estimated $65bn in…
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UK Covid BI litigation heads for showdown as insurers drag their heels
The outcome of UK Covid-related business interruption (BI) claims hangs in the balance as crucial cases head to higher courts…
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Hawaii wildfire insured losses could top $4.5bn: Moody’s
Moody’s RMS said insured losses from the wildfires on 8-10 August in Hawaii could exceed $4.5bn. The loss estimate reflects…
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Insured wildfire losses in Hawaii at least $1bn, says RMS
Insured losses from the wildfires that hit Maui and the Big Island of Hawaii last week will likely reach at…
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US commercial rates up 5% in Q2: MarketScout
Commercial insurance rates rose an average of 5% in the second quarter as commercial property increases accelerated, according to data…
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ExCel ruling opens up Covid BI payments for tens of thousands of policyholders
Insurers could face payouts to tens of thousands of UK business interruption (BI) policyholders for Covid-19 losses after last month’s…
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French riots spark fresh concerns of systemic risk
Insurers and reinsurers are being forced to look again at the potential for civil unrest to become catastrophic and systemic…
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Signs of market improvement for UK buyers despite volatility in some lines
UK insurance buyers have told Commercial Risk Europe that the commercial market remains dislocated and tricky in some areas but…
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Perma-crisis offers perma-opportunity for Parima members
Asia’s risk managers can benefit from an unprecedented rise in volatility and uncertainty if they continue to educate themselves on…
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Contingent BI remains in spotlight post Covid
Adrian Ladbury interviewed Sarah Baker, head of Crawford Forensic Accounting Services, about the critical matter of contingent business interruption that…
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UK policyholders win Covid-19 BI test case
A London court has backed the owners of conference centre ExCel and five other businesses in their claims for Covid-19…
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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…