All claims articles – Page 5
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Analysis
FERMA: Floods are a “wake-up call” ahead of COP26
Insured losses of €4 billion to €5 billion are expected for North Rhine-Westphalia and Rhineland-Palatinate
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German floods to see sizable protection gap
There are renewed calls for a state-backed natural catastrophe scheme or introduction of compulsory flood cover
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Aon: Nat cat losses reach $93 billion in 1H
Fatalities due to temperature extremes were the deadliest type of disaster during the first six months of 2021
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European floods hit over 70,000 properties
Total insured losses could reach €5 billion as Airmic CEO Graham says even climate scientists “were shocked”
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Wildfire costs grow for solar sector
Wildfires have cost solar owners tens of millions of dollars in losses over the last decade - GCube
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Lack of clarity over wind turbine fires
While wind turbine fires are relatively rare, when one does occur, it often results in the total destruction of the asset
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Catastrophic floods strike Central Europe
Several dams burst across Germany after extreme flooding, leaving at least 180 dead and hundreds more missing
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Insurers must meet buyers’ changing needs
Only 54% of insurance buyers say their cover is addressing their business challenges very well, finds Beazley
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Europe counts cost of severe weather
Insurers face up to $4.5 billion in claims after the costliest severe storm period on record in Europe - Aon
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Is the ‘harsh market’ starting to ease?
At mid-year, pricing for most classes of business was back to technical levels - but cyber remains an outlier
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Piloting post-COVID aviation trends
New generation aircraft bring benefits but higher repair costs while airlines prepare for a paradigm shift in traveling - Allianz
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Cyber insurance struggling to counter online threat
Cyber insurance has failed to live up to expectations that it may act as a tool for improving organisations’ cyber security practices, finds RUSI
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RIMS joins Business Continuity Coalition
The aim is to build a more stable insurance market that will support organizations as they navigate future pandemics
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AIR updates US terrorism model
New version more comprehensively models the extent of damage from conventional bomb blast attacks
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COVID fuels further SRCC restrictions
SRCC insurance provides cover for loss or damages caused by riots, protests, strikes or other work-related unrest
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UK insurers settle over £750m of COVID-related BI claims
Data reveals Hiscox has more than double the number of COVID-related BI claims in comparison to its peers
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Study reveals true cost of ransomware
84% of firms are hit again after submitting to ransom demands; with data corrupted during the recovery for 43%
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COVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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AXA France offers restaurateurs €300m BI settlement
Support package provides a lump sum indemnity settlement to cover the equivalent of 15% of 2019’s catering turnover activity
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IoT is a supply chain risk "game-changer"
Aon’s vaccine insurance solution demonstrates the technology’s potential in the insurance market, says GlobalData