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News
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
COVID-19 a “wake-up call”
Pandemic highlights the ”staggering potential” for uninsurable systemic risks, according to re/insurer Munich Re
BoE: Climate disclosures will become mandatory
Setting out pathways to mandatory TCFD disclosures should be a “priority” for public authorities, according to the Bank of England
Terrorism pools focus on systemic risk
New and emerging threats in the terrorism landscape, including the emerging CBRN threat and hostile cyber, were discussed during the virtual event
ICO fines British Airways £20m for data breach
It is the Information Commissioner’s biggest data breach fine to date and falls under the GDPR regime
Cyber insurance transparency key to growth
PCS has launched a new data set to help the cyber insurance sector manage risk and capital more effectively
Hurricane Delta claims up to $3bn - AIR
Hurricanes Laura and Delta made landfall roughly 12 miles and six weeks apart on the Louisiana coast
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
FERMA: Trust with insurers has been eroded
Service quality and relationships are being deteriorated as the commercial insurance market hardens, say panellists