Pandemic
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Paramount reportedly receives $71m from Chubb unit in Covid case
Paramount Pictures has reportedly received a $71m settlement from its coverage litigation with a Chubb unit over Covid-19-related delays in…
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UK Covid BI litigation heads for showdown as insurers drag their heels
The outcome of UK Covid-related business interruption (BI) claims hangs in the balance as crucial cases head to higher courts…
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PPPs needed in Italy and at European level to tackle climate change risk
Public private partnerships (PPPs) are seen as an increasingly important tool to help build resilience at national level for a…
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ExCel ruling opens up Covid BI payments for tens of thousands of policyholders
Insurers could face payouts to tens of thousands of UK business interruption (BI) policyholders for Covid-19 losses after last month’s…
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UK policyholders win Covid-19 BI test case
A London court has backed the owners of conference centre ExCel and five other businesses in their claims for Covid-19…
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Lloyd’s proposes NHS risk-sharing scheme for systemic threats
Lloyd’s has proposed to take on some of the systemic risk facing the UK’s National Health Service (NHS), including the…
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US mall owner wins Covid BI case but insureds lose again elsewhere
A federal district court has refused to dismiss Covid-19-related business interruption (BI) coverage litigation filed by a shopping mall owner…
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Strikes, riots and civil commotion exclusions set to widen
A tightening of terms and conditions in the reinsurance market is set to make things tricky for primary buyers during…
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After several years of disruption to the events market, good news is starting to emerge
Late last year, market research firm TechNavio issued an extensive report predicting that the global events market would grow by…
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WTW survey finds 69% of large hospitality firms unhappy with insurance cover
Some 69% of risk managers and CEOs from leisure and hospitality sectors worldwide say they don’t have access to the…
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Supply chain resilience efforts start to wane, finds BCI
Efforts to boost supply chain resilience are starting to wane, despite supply chain disruption running at twice pre-pandemic levels, according…
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Concern jumps over macroeconomic risks but cyber and BI retain top spots: Allianz Barometer
Macroeconomic risks and the energy crisis have shot up the ranking, but cyber and business interruption (BI) remain the top…
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IP risk management and geopolitics big concern for life sciences
A new survey by WTW finds that life science firms are now concerned about a much wider range of enterprise…
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Time to get back on the front foot
This has been quite a year for the European and global risk and insurance management community, and I am sure…
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German credit insurers brace for spike in corporate insolvencies
German surety and credit insurers are reporting rising defaults on payments, up almost 50% in 2022 compared to 2021, and…
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AM Best revises French cat reinsurer outlook to negative
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial…
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Risk managers face growing ESG risks
The interconnectivity of ESG risks is creating new challenges that risk managers and their organisations cannot afford to ignore. ESG…
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Supply chain disruption may worsen in 2023: Supply Wisdom
Supply chain disruption will persist into next year and could even worsen, Supply Wisdom has told Commercial Risk. Next year…
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Two-tier market in play despite more stability for many buyers: Aon
The global commercial insurance market stabilised in most regions during Q3, with average rate increases between 1% and 10%, according…
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African Risk Capacity launches parametric cover for epidemic risks
African Risk Capacity (ARC), the mutual created by the African Union (AU) to help member states better prepare for and…