Pandemic
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Zurich pledges one million trees in Brazil reforestation project
Zurich Insurance Group will sponsor a reforestation project in Brazil that will see barren farmland restored as native forest. The…
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FCA tells insurers to settle BI claims as quickly as possible
The UK regulator has told insurers to settle Covid-19 business interruption (BI) claims clarified in last week’s High Court judgment…
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Fitch agrees with rivals that High Court BI ruling poses limited threat to insurers
Fitch Ratings today joined rival ratings agencies in stating that the High Court's ruling on business interruption (BI) claims caused…
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High Court BI ruling only ‘start of the battle, not the end’ warns Mactavish
Mactavish, the specialist outsourced insurance buyer and claims resolution consulting firm, this week poured cold water on the idea that…
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RIMS joins fresh push for government-backed pandemic scheme
Patrick Sterling, RIMS board director and senior director of legendary people and risk management at restaurant chain Texas Roadhouse, has…
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Credit agencies say FCA ruling is material but no solvency fears
Credit ratings analysts agree that the High Court ruling on business interruption (BI) coverage for Covid-19-related losses will have a…
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Covid-19 has pushed insurers forward ‘by a generation’, says IUMI
The Covid-19 pandemic has forced the insurance industry to digitalise “in a few short months” and moved the sector forward…
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Airmic and broker associations welcome High Court BI ruling
Airmic, the UK risk and insurance management association, has welcomed the landmark High Court ruling on business interruption (BI) insurance,…
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Guarded insurer response to FCA ruling suggests appeal is likely
The UK's insurance industry representative associations and Lloyd’s have understandably issued a more guarded response to the High Court ruling…
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Insurers count cost of Covid-19 BI judgment
Insurers are reassessing their liability exposures to business interruption (BI) claims following yesterday’s “complex” High Court judgment on BI wordings…
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High Court finds in favour of policyholders on key BI test case issues
The High Court has largely found in favour of policyholders in a crucial test case aimed at resolving disputed Covid-19-related…
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CII calls for action to avoid future coverage disputes
The Chartered Insurance Institute (CII) has called on the UK government and insurance industry to take action to avoid future…
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Aon survey finds ‘workforce agility gap’
An agile workforce has become a priority for businesses as they begin to rethink human resources (HR) following the Covid-19…
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AM Best says AGCS ratings stable after S&P downgrade
AM Best has affirmed the A+ financial strength rating of Allianz and subsidiary Allianz Global Corporate & Specialty (AGCS), and…
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Insurance Europe highlights impact of Covid-19 on insurance industry
The European insurance industry has remained solid throughout the pandemic, with firms generally maintaining their solvency positions. although it has…
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French corporations face healthcare cost rise if new tax adopted
The French Insurance Federation (FFA) has voiced its opposition to a recent announcement by the national health minister and minister…
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China and India to account for bulk of 2020 global recession
China and India will account for almost all of the very poor economic outlook in 2020, according to the latest…
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Lloyd’s £438m H1 loss driven by £2.4bn pandemic claims
Lloyd’s has booked a market loss of £438m for the first six months of 2020 after Covid-19 claims totalled £2.4bn…
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FCA’s Covid-19 BI test case ruling next week
The UK’s High Court will deliver judgement on the case between the Financial Conduct Authority (FCA) and eight insurers over…
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AGCS report lays out five key liability risk trends
A new report by Allianz Global Corporate & Specialty (AGCS) lays out key trends to watch as liability risks rise…