All claims articles
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NewsConstruction claims and beyond… inflation and supply chain disruption
Construction costs are spiraling and delays to completion of projects may be inevitable, write Caroline Woolley and Steven Horne
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2022 global nat cat claims breach $100 billion
In Europe, winterstorms Eunice, Dudley, Franklin triggered losses of over $4 billion, while France saw claims of $5 billion from hailstorms
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Underinsurance risks remain as construction costs soar
Continuing high levels of inflation in construction costs could see claims disputes in the event of a property loss
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COVID BI disputes are denting insurer reputations, warns GlobalData
Over a third of UK SMEs cancelling BI cover in 2022 cited disputes business interruption claims
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Global nat cat losses surpassed $313 billion in 2022 - Aon
Windstorm Eunice was the costliest individual European windstorm since 2010, with droughts also causing severe impacts
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Food and fuel top global cargo thefts
Thefts from hijacking have fallen as a proportion of cargo theft; these are now second to theft from facilities
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Winter storms cost insurers $4.2 billion in 2022 - CRESTA
Weather-related catastrophes again dominated insurance industry losses in 2022, with three major events in Europe
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How inflation is compounding business interruption
As rising costs fuel higher insured losses, risk managers will get preferential treatment for their organisational resilience
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Legal claims against insurers surge by nearly 280%
Corporations are now more than three times as likely to have to sue insurers to get their claims paid, finds Mactavish
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RIMS calls for long-term extension of NFIP
As Florida reels from Hurricane Ian, the US flood insurance program receives a brief reprieve
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Pinning down inflation effects
Soaring inflation is creating issues on many levels - but there are things you as a risk manager can do
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Pandemic drives claims in digital health and wellness
The new and unique combination of risks within digital health services create a complex web of interconnected exposures - Beazley
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Smaller firms are becoming bigger targets for cyber criminals – Coalition
The cyber insurer’s head of claims says ’small businesses are especially vulnerable because they often lack resources’
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Study exposes ‘blind spots’ in risk preparations at sports stadiums
Ahead of the World Cup, a research paper highlights common causes of severity loss and key risk management lessons
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Cost of living crisis drives greater fraud volume
Difficult economic conditions are leading to higher levels of fraud from non-traditional perpetrators
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Risk managers should ‘pick recovery over replacement’ to aid sustainability
As sustainable approaches burgeon in importance, risk managers have been urged to focus on recovery measures when disaster hits
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UK subsidence claims rise by up to 500%
The summer’s extreme heat is to blame for a surge of subsidence claims in more drought-prone parts of the country
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European winterstorm losses creep up to €3.74 billion - Perils
The latest estimate makes the February storms the largest European windstorm loss since Kyrill in January 2007
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The risk of underinsurance posed by inflation
Brokers have a ‘real opportunity’ to showcase their value in the face of cost and supply chain pressures
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Axa braces for Ukraine-Russia claims
Some of the insurer’s crisis management policies have been ‘triggered’, reveals group chief financial officer
