business interruption coverage News

Allianz Launches Cyber Crime Coverage for Canadian Companies

Industrial insurance specialist Allianz Global Corporate & Specialty¬†(AGCS) has launched Allianz Cyber Protect in Canada, a suite of coverages with capacity to protect a company in the event of a data loss or a cyber-security incident. Allianz Cyber Protect includes …

Mass. Regulator on Boston Bombing Claims, TRIA Reauthorization Effort

Massachusetts Division of Insurance’s last data call showed that the vast majority of insurance claims stemming from the Boston marathon bombing tragedy have been resolved. The data also revealed that among the 160 commercial property and business interruption claims made …

Businesses, Insurers Tangle Over Boston Marathon Loss Payouts

Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as the anniversary of the bombings approaches. The state’s largest property …

Pentecostal Bishop in Philadelphia Charged With Insurance Fraud

A Philadelphia bishop has been charged with insurance fraud related to water damage that his Pentecostal church sustained. State investigators say Bishop Benjamin Fisher of the Greater Bethel Temple in northeast Philadelphia claimed $77,000 in damages over a dozen events …