BI
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UK BI policyholders could form ‘second wave’ of Covid-19 litigation after AXA court decision
UK business interruption policyholders denied Covid-19 payments could join a “second wave” of litigation after AXA Insurance accepted a verdict…
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AGCS expects limited claims from Ukraine and off the hook for Russian aviation losses
Allianz Global Corporate & Specialty (AGCS) said it doesn’t expect a “major wave” of claims from the war in Ukraine,…
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Belgium needs ‘uncharacteristically’ ambitious vision to tackle big risks says employer group
The Federation of Belgium Enterprises (VBO-FEB) believes that Belgium risks becoming increasingly irrelevant within Europe and the world, because of…
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US restaurants lose Covid BI ruling in first state high court decision
The Massachusetts Judicial Supreme Court has joined federal appeals courts in ruling against policyholders in a Covid-19 business interruption (BI)…
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Ericsson sets aside €90m for suspension of Russian operations
Swedish telecoms giant Ericsson has announced an indefinite suspension of all of its activities in Russia and set aside SEK900m…
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Ukraine conflict will heighten supply chain risks and drive inflation: IMF
The global supply chain crunch that came with Covid-19 and has more recently been exacerbated by Russia’s invasion of Ukraine…
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US commercial prices continue to increase in first quarter
US commercial insurance rates continue to rise as the composite rate increase for the first quarter of 2022 was 6%,…
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LA Lakers can proceed with Covid property case against Chubb unit
A US federal district court has ruled that the Los Angeles Lakers can proceed with Covid-19-related property damage and bad…
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AXA UK confirms no appeal of Corbin & King Covid BI decision
AXA UK has confirmed that it will not appeal the high-profile Commercial Court judgment in favour of restaurant group Corbin…
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Nearly 11,000 UK BI policyholders still waiting for Covid-19 claims settlement
Almost 11,000 business interruption (BI) policyholders in the UK with accepted claims for Covid-19 losses following the Financial Conduct Authority’s…
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Rims promises to keep battling for public-private partnership for pandemic risk
US risk management society Rims said creating a public-private partnership for pandemic risk and moves to protect cybersecurity and data…
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Corbin & King’s legal victory likely to ‘dramatically increase’ UK Covid BI claims, says lawyer
The recent UK legal victory for restaurant group Corbin & King over its insurer AXA for Covid-19 business interruption (BI)…
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Filling the gaps – the rise of parametric solutions for corporates
There is a growing interest in parametric solutions from corporates in recent times, driven by the challenging conditions in the…
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Russia-Ukraine crisis hitting global trade and supply chains
Russia’s invasion of Ukraine is already having a significant impact on global trade as the corporate world isolates Russia from…
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BCI warns firms to not rely on WhatsApp in crisis
Companies should not rely on private messaging services like WhatsApp to communicate during a crisis, warns the Business Continuity Institute…
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UK restaurant group Corbin & King wins crucial Covid-19 BI claim against AXA
The owner of a group of high-end London restaurants has won a claim worth up to £4.4m against its insurer…
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Exclusions and closed nature of Russian market will limit insured losses, says GDV
The German insurance association (GDV) says that the Russian invasion of Ukraine should have a minimal impact on the German…
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Holes remain in crisis communications strategies, finds BCI report
Companies made big strides in their crisis and emergency communications during the pandemic but holes in strategies remain, according to…
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Run on Russian banks likely, says IIF, as it warns Europe faces gas risk exposure from conflict
The West has been criticised for its supposedly weak response to the Russian invasion of Ukraine. But the Institute for…