BI
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Risk managers must innovate as models thrown into doubt by current crises
Risk managers must challenge some of the models and assumptions they rely upon to help mitigate the raft of current…
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Insurers narrowly avoided ‘catastrophic’ Covid-19 BI losses: DBRS Morningstar
Buyers are likely to see tighter policy wordings and the promise of greater contract certainty following high-profile legal challenges to…
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AXA wins Covid-19 exclusion case in Court of Cassation
The French Court of Cassation has confirmed its refusal to compensate the operating losses suffered by restaurateurs during lockdown in…
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UK Covid BI litigation still favouring buyers as Stonegate appeals
Covid-19 business interruption (BI) litigation in the UK continues to favour policyholders despite insurers’ claims to have prevailed in recent…
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Preparing for the storms ahead
Many risk managers feel they have been in firefighting mode for the last two years, struggling to stay ahead of…
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German minister says resilience must be collective effort
The German government is stepping up its efforts to make the nation more resilient in the face of rising natural…
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N2G revisited: Two years on and Generali joint venture is growing in strength
Q: What was the rationale for the formation of N2G, from Generali’s perspective? Filippo Cinelli (FC): The US market represents…
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GVNW welcomes Extremus extension but calls for broader solution for systemic risks
The German risk and insurance management association, the GVNW, has welcomed the news that the government will extend the state-backed…
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Weak risk management exposed Australia’s BI insurers to Covid-19 losses: APRA
Australia’s commercial insurers “took their eye off the ball” in writing business interruption (BI) policies that could have exposed them…
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Amrae warns of further market hardening as reinsurance pressure mounts
French insurance buyers will face renewed pressure at coming renewals across many lines in the form of higher rates, lower…
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EC accelerates enhanced physical and cyber infrastructure plans
The European Commission (EC) this week proposed a range of measures, including enhanced cyber protection, to strengthen the resilience of…
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Challenging times but Sedgwick looking to help risk managers
There are clearly a number of major issues currently impacting corporates, so Tony Dowding talked with Sedgwick at the Ferma…
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Stonegate will appeal Covid-19 BI claim against MS Amlin, Liberty and Zurich
UK pub group Stonegate has said it will appeal some elements of a court judgment earlier this week after it…
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Australian insurers release BI reserves following Covid-19 ruling
Two of Australia’s biggest insurers have announced significant reserve releases following the decision by the Federal Court of Australia to…
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Stonegate loses £1bn BI claim against MS Amlin for Covid-19 pub closures
The UK’s largest pub group Stonegate has lost a legal challenge against its business interruption (BI) insurers for a £1bn…
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Australian High Court rejects special leave applications in Covid-related BI cases
The High Court has refused applications by insurers for special leave to take their Covid-related business interruption (BI) cases to…
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US commercial insurance rates rose 5.28% in third quarter, says MarketScout
According to MarketScout’s latest barometer for rates in the US in the third quarter of 2022, the commercial market composite…
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CBI capacity wanes as supply chain losses mount
Greater transparency and resilience are needed to counter dwindling capacity for supply chain insurance as the market responds to rising…
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Two US insurers say reinsurance will absorb hurricane Ian losses
With analysts revising losses from hurricane Ian upwards, individual US insurers have started to disclose their own exposure to the…
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Eiopa tells national supervisors to focus on exclusions in effort to find systemic risk solutions
Insurance supervisors across the EU have been told to keep a close eye on how insurers react to the rise…