Pandemic
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US casino Covid BI ruling turns against insured in favour of Zurich, AIG and Allianz
A New Jersey appeals court overturned a lower court and ruled against an Atlantic City casino and in favour of…
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UK employment tribunal sets new precedent with long-Covid disability ruling
An employment tribunal in the UK has ruled for the first time that long Covid is a disability, under the…
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Policyholders score some ‘influential’ wins in US Covid rulings
A Louisiana appeals court’s refusal to dismiss policyholder litigation in a Covid-19-related business interruption (BI) case is a significant ruling…
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Long Covid leaves healthcare providers vulnerable to liability risks
Long Covid, with its varying and unpredictable symptoms and no known cure, leaves healthcare providers vulnerable to liability risks stemming…
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War and inflation dampen mood in German insurance industry
The first ‘mood barometer’ of German business since the outbreak of war in Ukraine unsurprisingly finds increased uncertainty in the…
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Claims inflation and supply chain disruption unbalancing P&C market once more, says HDI Netherlands
Just as capacity was returning to the market and risk managers were finding most insurance easier to sort, claims inflation…
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Botanical garden wins Covid BI ruling against Allied World in US
In a rare policyholder win, a New York state appeals court has upheld a lower court decision that the New…
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UK pub chain begins £1bn Covid-19 BI litigation against three insurers
UK hospitality group Stonegate began its £1bn legal action yesterday against three insurers over business interruption (BI) caused by Covid-19…
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Pool Re explores widening remit to range of systemic BI risks
UK terrorism reinsurer Pool Re is going to explore potential public-private solutions for systemic business interruption (BI) risks that could…
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Six Covid-19 BI rulings in US side with insurers
Four US Circuit Courts of Appeal continued insurers’ unbroken winning record in Covid-19-related business interruption cases in the US on…
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Ferma survey finds cyber and supply chain top risk agenda
Cyber risk and the threat of supply chain failure have shot up the European risk management agenda during the last…
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US 11th Circuit again rules against policyholder in Covid case
A federal appeals court has issued its third ruling this week against a policyholder in a Covid-19-related business interruption lawsuit,…
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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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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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Shipping safety record improves again but no room for complacency, says AGCS
The international shipping industry continued to improve its long-term safety record last year with the number of total losses down…
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Hard market conditions bolster Munich Re result despite Ukraine and Covid-19 hits
Strong growth and continued high prices in Munich Re’s core non-life reinsurance businesses managed to offset a further big chunk…
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US D&O most profitable since 2014 but Covid claims may lag: AM Best
Last year was the best for US D&O insurers’ premium, volume and profitability since 2014, with their push for moderate…
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SCOR ready for ‘great change’ as nat cats and Ukraine losses batter Q1 result
French reinsurance group SCOR reported further strong growth in its primary specialty insurance business in the first quarter of this…
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Shanghai lockdown costs $28bn in global trade as it sends ‘shockwaves’ through supply chains
Shanghai’s Covid-19 lockdown has cost $28bn in global trade since it started back in March, according to estimates from data…
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Firm market bolsters Hannover Re results in face of Ukrainian uncertainty
Continued rate rises, premium volume growth and healthy investment returns enabled Hannover Re to weather a triple hit of higher-than-expected…
