All claims articles – Page 8
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Analysis
Nat cat losses cost $268 billion in 2020
Just 36% of the losses were covered by insurance, creating a protection gap of 64%, according to Aon
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Analysis
Airmic hails historic Supreme Court ruling
The Supreme Court ruling opens the door for up to £1.2 billion of business interruption claims
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Analysis
UK Supreme Court dismisses insurers’ appeals
Around 370,000 policyholders are set to benefit from the judgment in BI test case ruling
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Analysis
Service to measure cyber ‘human error’ risk
The Workforce Cyber Culture Assessment assesses people risk and the impact of business culture in a cyber context
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Analysis
FCA: thousands of firms “at heightened risk of failure”
A market downturn driven by the pandemic risks significant numbers of financial firms failing, warns UK regulator
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Analysis
Willis Towers Watson to leverage AI for emerging risk solutions
Airmic welcomes broker’s partnership with analytics firm Polecat, which ”signals a new generation of innovative risk management solutions”
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Analysis
AGCS: Directors face volatile risk landscape
COVID-19 related insolvencies and ’event-driven’ litigation linked to diversity, climate change and/or ESG concerns are exposing D&Os
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Analysis
Insurance hikes could be "nail in the coffin"
Mactavish expects rates to continue to rise in 2021 and says that some companies will be unable to pay for their cover
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Analysis
D&O to be “further inflamed” by COVID vaccine
New Dawn Risk predicts the hard market for D&O risk could be extended by a further 24 months as rushed deals come to market
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Opinion
Is cladding ever safe to use?
When fire strikes in buildings using foam plastic materials, the results can be catastrophic and tragic
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Analysis
Internal failures drive cyber claims frequency
Business interruption is the main cost driver behind cyber losses, accounting for around 60% of the value of all claims - AGCS
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Opinion
The science driving claims service improvements
Technology enables us to transform service – but to do this effectively, we need to understand and really engage with our clients
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Analysis
Nat cat loss tally rises in October
Economic losses from devastating floods in southeastern France and northwestern Italy in October are expected to reach €2.7 billion
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Analysis
Silent cyber: Can you hear it?
With events such as WannaCry classified as a cyber catastrophe event, silent cyber issues have developed into coverage disputes
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Analysis
Global insurance pricing up 20% in Q3
All regions, except Latin America (9%), reported double-digit pricing increases, led by the UK (34%), Pacific (33%), and the US (18%) - Marsh
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Analysis
US election: Protests expected
A contested scenario will increase the threat of political violence, with potential supply chain impacts
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Analysis
US businesses prepare for social unrest
Demand for political violence insurance soared ahead of the bitterly fought and as yet, unclear US election
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Analysis
FCA business interruption test case appeal date set by Supreme Court
Six insurers, the FCA and the Hiscox Action Group are appealing some parts of September’s High Court ruling
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Analysis
Hurricane Zeta claims to reach $4.4 billion
At landfall in Louisiana, Zeta was just shy of a Category 3 storm with one-minute sustained wind speeds of 110 mph
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Opinion
Beware BI underinsurance
While nobody wants to pay unnecessary premiums, it is essential to be clear on policy wordings and gross profit calculations