BI
-
Francine insured losses less than $2bn: Moody’s
Insured losses from Hurricane Francine, which hit the Gulf coast of the US earlier this month, are estimated at between…
-
Europe suffers ‘one of the costliest’ storms
As Storm Boris/Anett continues to affect Europe, flooding and damage in the Czech Republic, Poland and Austria could make it…
-
New Caledonian businesses ask insurers to speed up May riot claims
Businesses in the French territory of New Caledonia affected by riots in May have called on insurers to speed up…
-
London ExCel venue wins landmark Covid-19 BI appeal
The UK Court of Appeal has ruled in favour of policyholders and the owner of London’s ExCel conference and exhibition…
-
Majority of companies lack flood action plan
More than half (54%) of public sector and private companies do not have a flood action plan in place, according…
-
KCC estimates $1.4bn loss from Hurricane Debby
Privately insured losses in the US are likely to be close to $1.4bn, according to catastrophe risk modelling company Karen…
-
Hurricane Debby losses $1.5bn: Moody’s
Losses from Hurricane Debby will cost private insurers no more than $1.5bn, according to an estimate from Moody’s RMS, while…
-
Insured losses from UK riots under £250m
Insured losses from recent rioting and civil unrest in parts of the UK are expected to be below £250m, according…
-
Insurers braced for deluge of cyber and BI claims after worldwide IT outage
The IT outage that affected companies around the world last week could lead to an “insurance catastrophe”, according to brokers,…
-
Hurricane Beryl insured losses ‘manageable’ but Houston claims could drive up costs
Insured losses from Hurricane Beryl after making landfall in Texas could range between $700m and $1.5bn, according to an initial…
-
Supply chain resilience should top corporate agendas, warns Swiss Re
The ripple effects of natural disasters, less-resilient supply chains and the repercussions of underfunded health systems have been identified as…
-
Insured loss estimate more than triples for UAE floods
Losses from unprecedented rainfall and flooding in the United Arab Emirates in April, which closed Dubai’s airport for three days,…
-
Moody’s warns of supply chain risks ahead of hurricane season
Companies in North America exposed to the Atlantic have been advised to redesign their supply chain network to avoid the…
-
Creating a BC plan fit for a more hazardous future
Ahead of the Parima conference in Manila and a year of record storm-related losses, BELFOR’s Eliv Kolak* highlights the importance…
-
Business interruption leading risk for underinsured food and drink firms: WTW
Business interruption (BI) was named as the top internal risk for almost half (48%) of food and drink companies in…
-
NY bill would add new class of standalone business interruption cover
A bill has been introduced in the New York Senate that would amend insurance law to allow insurers in the…
-
Baltimore bridge supply chain insurance losses likely
The collapse of the Francis Scott Key Bridge in Baltimore in March could well result in supply chain-related losses under…
-
Thai Covid policyholders offered deal by regulator
The General Insurance Fund (GIF) of Thailand is reportedly presenting policyholders who have Covid-19-related loss claims with a choice of…
-
Swerma hands out graduate awards
A research paper on electricity disruption to critical infrastructure has been recognised by the Swedish risk management association (Swerma) The…
-
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…