BI
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February 3, 2022
Shipping schedule reliability hits record low as supply chains continue to struggle
The continued global supply chain problems caused by blockages and delays within ports show no sign of improving currently, according…
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February 2, 2022
German insurers press government for risk mitigation and transfer action
As reported in Commercial Risk yesterday, the German Insurance Association (GDV) is cautiously optimistic about the outlook for 2022, despite…
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February 1, 2022
German insurers seek to reopen debate on PPP for future health crises
The German Insurance Association (GDV) has called on the recently installed German government to reopen discussions on a public-private partnership…
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February 1, 2022
Reinsurance for Covid-19 BI losses to boost FBD’s 2021 profit after court clarifies pub closures
Irish insurer FBD Holdings said it expects 2021 profits to be “significantly” ahead of target after reinsurers agreed to cover…
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February 1, 2022
German insurers ‘cautiously optimistic’ despite record cat claims in 2021: GDV
The German insurance sector has suffered its worst-ever year on record in terms of natural hazard losses, with a total…
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February 1, 2022
German insurers face over €100m in claims from storm Nadia
Storm Nadia, which battered the German North Sea and Baltic coasts during the weekend with winds of more than 100kph,…
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January 31, 2022
Descartes raises further $120m to help bridge emerging risk gap
Descartes Underwriting, a fast-growing Paris-based insurtech company focused on delivering innovative risk transfer solutions for climate change and other emerging…
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January 27, 2022
Supply chain tops Beazley poll as interlinked business risks drive concern
The increasingly interlinked nature of business risks is set to drive up claims and make life harder for risks managers,…
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January 27, 2022
Insurability and innovation key themes as Amrae prepares for lively Rencontres
French risk management association Amrae took the relatively brave decision to continue with its physical annual conference in Deauville next…
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January 27, 2022
Supply chain woes to dampen recovery in Europe and worldwide: IMF
The International Monetary Fund’s latest World Economic Outlook (WEO) predicts that continued supply chain problems in leading economies such as…
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January 27, 2022
Risk managers must act now on German Supply Chain Act to avoid litigation
Risk and supply chain managers that work for companies based in or operating in Germany need to start work on…
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January 26, 2022
Big UK Covid-19 BI payouts on the cards as claims head to court, say lawyers
A new wave of UK Covid-19-related business interruption (BI) claims could see big payouts for corporate policyholders and a hefty…
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January 21, 2022
Shanghai port congestion driving BI and supply chain risks, warns Russell Group
Companies are facing increased risk of business interruption (BI) from delays at Shanghai port, with insurers increasingly concerned that insurance…
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January 19, 2022
Over 10,000 UK BI policyholders still without Covid-19 payments
More than 10,000 UK businesses are still awaiting any form of payment from their insurers for Covid-19 business interruption (BI)…
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January 18, 2022
Cyber biggest risk in Allianz Barometer as pandemic fears recede
Cyber is the biggest business risk this year, knocking business interruption (BI) off the top spot into second place, with…
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January 14, 2022
Insurer wins two more Covid-19 BI rulings in US
Two US federal appeals courts have again ruled that policyholders are not entitled to Covid-19-related business interruption (BI) coverage. As…
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January 13, 2022
Insurer challenges in 2022 include civil unrest and class actions, says RPC
The latest Annual Insurance Review from law firm RPC highlights a number of issues set to impact insurers in 2022,…
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January 10, 2022
Insured loses another Covid-19 BI ruling in US
The 5th US Circuit Court of Appeals in New Orleans issued its second ruling of the week on Thursday in…
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January 7, 2022
US property and casualty rates increases moderated in fourth quarter of 2021
Average US property and casualty rates increased by 5.8% in the fourth quarter of 2021, compared to a 6.8% increase…
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January 4, 2022
Insured loses another Covid BI ruling in US appeals court
The 2nd US Circuit Court of Appeals in New York has become the latest federal appeals court to hold that…