Pandemic
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Firms must tread carefully in shift to pandemic recovery phase, warns Graham
Airmic and Control Risks today launched a new report that highlights the lessons organisations have learned from the Covid-19 crisis…
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India’s insurance regulator mulls pandemic risk pool
The Insurance Regulatory and Development Authority of India (IRDAI) is looking at the introduction of a pandemic risk pool. A…
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Covid-19 raises mental health and wellbeing risk
Mental health and wellbeing risks are likely to rise as more employees return to the workplace and stress mounts from…
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Pandemic boosts Airmic members’ role in crisis management
Risk managers will likely play a greater role in crisis management as lessons are learned from the coronavirus pandemic, said…
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Atradius says UK insolvencies will jump 27% in 2020
UK insolvencies are forecast to jump by 27% this year, slightly higher than the global average rise of 26%, finds…
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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…