London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses September 6, 2024 By Sam Tobin The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses,...
Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report August 13, 2024 By L.S. Howard Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact...
Global IT Crash That Blocked 911 Calls and Grounded Planes Eases July 19, 2024 By Amy Thomson, Shona Ghosh and Vlad Savov In what will go down as the most spectacular IT failure the world has ever seen, a botched software update...
Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics July 5, 2024 By Carolyn Cohn and Noor Zainab Hussain Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions...
Atlanta Businesses Hit by Water Problems Eligible for $7.5M in Assistance June 19, 2024 The Atlanta City Council voted to provide up to $7.5 million for small businesses that were affected by water outages...
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses April 11, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...
D.C.’s Pro Sports Teams Owner Scores Partial Win in COVID-19 Insurance Skirmish April 5, 2024 By Andrew G. Simpson The company that owns several District of Columbia professional sports teams and a major sports arena has settled its lawsuit...
Markets/Coverages: Falvey Launches Commercial Output Insurance March 5, 2024 Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs...
New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim February 16, 2024 By Andrew G. Simpson New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of...
Cyber Threats Top Global Business Risk Concern for 2024: Allianz January 17, 2024 Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024,...