All claims articles – Page 9
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Analysis
GVNW’s Mahnke urges insurers not to burn bridges
GVNW chair Dr Alexander Mahnke says insurers risk undermining relationships with their commercial buyers
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Insurer BI premiums insufficient for COVID losses - study
The pandemic exposed a massive protection gap in the area of business continuity risk, according to the Geneva Association and University of St Gallen
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Airmic welcomes insurer’s decision to drop appeal
“Market turns are cyclical, and underwriters should keep squarely in mind their relationships with their insurance buyers for the future”, says Julia Graham
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Reducing temperature-controlled cargo losses
Why temperature-controlled incidents are such a common cause of marine cargo claims and how to avoid them
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Restoring mangroves to build coastal resilience
Globally, mangroves reduce flood damages by $65 billion every year; insurance solutions are critical to post-storm restoration
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Wide area damage principle is key to quantifying BI claims
An uptick in COVID-related BI claims is expected following the UK FCA test case, primarily from the hospitality sector
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Hurricane Delta claims up to $3bn - AIR
Hurricanes Laura and Delta made landfall roughly 12 miles and six weeks apart on the Louisiana coast
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Greece and Portugal count cost of September storms
Medicane Ianos brought rough seas, damaging winds, and flooding rainfall to western and southern regions of Greece
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FERMA: Trust with insurers has been eroded
Service quality and relationships are being deteriorated as the commercial insurance market hardens, say panellists
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Firms must build more resilient workforces
COVID-19 has created a new urgency to protect working people, with compulsory unemployment insurance a much-needed safety net - research
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Analysis
Swiss Re Corporate Solutions and Hitachi launch ‘smart manufacturing’ solution
Insurance-based solutions will initially focus on manufacturing and transport firms that are adopting AI and other cutting-edge technologies
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How COVID-19 is reshaping the risk landscape
The pandemic will shape future loss trends with changes to working environments, travelling habits and supply chain networks, predicts AGCS
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FCA files ‘leapfrog’ BI appeals
The ‘leapfrog’ application has been filed on a “precautionary basis” by the UK regulator and seven insurers
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Zurich launches climate resilience service
Climate change is consistently rated as one of the top areas of concern for risk managers and business owners in the World Economic Forum’s Global Risks Report
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Navigating the harsh market
A “harsh” insurance market means risk managers need to adapt fast to conditions most have never seen before
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Cyber protection gap widening
Flattening market trend is “at odds” with a heightened threat environment - Guy Carpenter
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High Court rules in favour of FCA in BI test case
However, participating insurers will not be liable for all claims and individual policies will need to be reviewed carefully alongside the published judgement
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Airmic welcomes BI test case ruling
Ruling is to the benefit of businesses, risk professionals and insurance buyers, states UK risk management association
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Analysis
Hurricane Laura claims up to $8 billion
Cat modelling firms peg insurance losses from the Category 4 storm at between $4 billion and $8.7 billion
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Analysis
Hurricane Laura makes Louisiana landfall
Laura made landfall as a category 4 hurricane with wind speeds of up to 150mph and an “unsurvivable” storm surge