All claims articles – Page 4
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AnalysisGVNW: Public-private backstop is vital
Chairman Alexander Mahnke is frustrated a backstop for extreme events, such as pandemics, cyber and natural catastrophes, has not yet emerged
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AnalysisIda claims could reach $35 billion - RMS
Losses reflect property damage and business interruption to commercial, industrial, infrastructure and marine cargo among other classes of business
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AnalysisAIR pegs Ida loss at up to $25 billion
Utility disruptions caused by lack of power, mobile data services, and water, could lead to Ida becoming a long-tailed event
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AnalysisHurricane Ida devastation continues
Deadly flash floods have left a trail of further devastation, with energy and chemical sectors among those exposed to supply chain disruption
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OpinionFire risk at battery energy storage systems
Battery energy storage systems (BESS) are essential for low carbon economies… but fires are hampering growth potential
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AnalysisHurricane Ida claims could reach $30 billion
Flooding has seen homes evacuated, businesses shut down and widespread power outages
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AnalysisCovid-19 drives losses of £2bn for Lloyd’s
’Financial pressures will continue to affect businesses’ as economies emerge from the pandemic - Insurance DataLab
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AnalysisEuropean flood claims could reach €6.5 billion - RMS
Germany is the dominant contributor of loss to the event with about 70 percent of the total loss, followed by Belgium with about 25 percent
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AnalysisLosses of $25 billion expected from July floods
Catastrophic damage in Western Germany is expected to be Europe’s most costly weather event on record - Impact Forecasting
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AnalysisPort closure signals further strain for global trade
Partial closure at China’s Port Ningbo adds to global supply chain woes, threatening $172 billion of goods - Russell Group
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AnalysisNat cats cost $77 billion in 1H
Insured losses are the second highest on record for a first half as climate change results in greater weather extremes - Swiss Re sigma
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AnalysisUK government launches event cancellation scheme
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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AnalysisAlmost half of food recalls avoidable - RQA
A large majority of recalls emanate from packaging mistakes, which are costly, reputationally damaging and avoidable
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AnalysisAGCS: Bigger ships, bigger exposures
Suez Canal incident shows ever-increasing vessel sizes exacerbates marine and supply chain risks
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AnalysisZurich considers AI-related emerging risks
Liabilities could arise from the unintended consequences of decisions made by algorithms and artificial intelligence
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AnalysisGerman flood claims to approach €5 billion
Restoration of infrastructure such as water and gas pipes, power lines, and roads could take weeks, even months, warns AIR Worldwide
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AnalysisD&O market ready to “move on” from COVID
A softening of the pricing curve is being observed, but the outlook remains uncertain for UK D&Os - Gallagher
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AnalysisMcLarens taps Broadspire in TPA expansion
Reporting into global head of TPA, Kirsten Early, the six-strong team will support the development of McLarens’ TPA capabilities
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OpinionBeware the catastrophe COVID clash
A major catastrophe impacting Florida, California, Texas, Missouri, or Louisiana could be complicated by COVID-19
