Pandemic
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New standard aims to help cities risk manage disasters and economic shocks
The BSI has published new guidance to help city authorities risk manage disasters, economic shocks and climate change. The guidance…
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Brokers and buyers urged to make UK Covid BI claims as time runs out
Fenchurch Law has urged brokers to make sure their UK clients file any outstanding Covid-19 business interruption (BI) claims before…
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UK Court of Appeal gives policyholders mixed news in latest Covid-19 BI judgement
The UK Court of Appeal has handed down its latest landmark judgement in long-running Covid-19 business interruption (BI) insurance disputes,…
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Covid-19 BI disputes open at UK Court of Appeal
The UK Court of Appeal has opened the first of two hearings this month in the next instalment of Covid-19…
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Lloyd’s warns of huge cost of next pandemic
Lloyd’s has published its latest systemic risk scenario, which finds the global economy could be exposed to potential losses of…
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Eiopa chief calls for progress on systemic risk PPPs
Petra Hielkema, chair of the European Insurance & Occupational Pensions Authority (Eiopa), has again urged European Union decision-makers to consider…
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Covid-19 could drive excess mortality rates for next decade: Swiss Re
Excess mortality rates are continuing to be driven upwards by Covid-19 and could remain high for the next ten years,…
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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…
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Insurance market finally flattens after seven years of hardening: Marsh
Primary global insurance rates have flattened during the last three months after rising every quarter since the beginning of 2017,…
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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…
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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…
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Absenteeism drops dramatically in France
The levels of absenteeism in French companies dropped sharply in 2023, especially among large corporations, new research shows. The survey,…
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UK insureds slowly winning the war on Covid-BI litigation
As Covid-19 business interruption (BI) insurance claims continue to grind their way through the English Courts, UK businesses are slowly…
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Supply chain pressures ease for German companies: Ifo
The supply chain crisis that came to a head during the Covid-19 pandemic has subsided and German firms have started…
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Covid BI litigation slowly favouring policyholders but key questions remain
Policyholders continue to make progress in their fight to recover Covid-19 business interruption losses from insurers, although the settlement of…
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P&I Clubs to increase rates by 5% to 7.5%
All 12 mutual members of the International Group of P&I Clubs will increase premium rates at the 20 February renewal,…
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Risk and insurance dominate Swiss political agenda in 2024
The Swiss electorate will vote on four issues at a federal level on 9 June, with two initiatives on health…
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European health leaders warn of continued pandemic threat
As memories of the Covid-19 pandemic fade – to be replaced by concerns over more pressing threats such as the…
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QBE Covid BI interest charges a victory for policyholders
The news that QBE paid more than £386,000 to companies for delays in covering Covid-19 related business interruption (BI) losses…
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Policyholders suffer key defeat in Allianz appeal victory
The UK Court of Appeal this week handed down judgment in Various Eateries Trading Ltd v Allianz Insurance Plc, in…